23 November 2011
2011- n° 281In November 2011, the business climate in manufacturing industry weakened again Monthly business survey (goods-producing industries) - November 2011
According to the business leaders questioned in November 2011, the industrial economic situation deteriorated anew : the synthetic indicator decreases by two points, after it decreased by two points in October. It is below its long-term average.
Manufacturing industry
According to the business leaders questioned in November 2011, the industrial economic situation deteriorated anew : the synthetic indicator decreases by two points, after it decreased by two points in October. It is below its long-term average.
The turning point indicator remains in the unfavorable area .
Business leaders consider that their past activity has slightly recovered in manufacturing industry but the balance of opinion remains below its long-term average. Stocks of finished products are rated as above their normal level. Total order books remain on its long-term level. Export order books decrease markedly in november: they are considered as low.
The personal perspectives of production weaken markedly and they are inferior to their long-term average. The general production outlook, which represents business leaders’ opinion on French industry as a whole, deteriorate again and are below its long-term average.
tableautableau – Leaders' opinion: manufacturing industrial activity
| Manufacturing industry | Average* | Jul. 11 | Sept. 11 | Oct. 11 | Nov. 11 |
|---|---|---|---|---|---|
| Synthetic index | 100 | 105 | 99 | 97 | 95 |
| Recent changes in output | 5 | 15 | 4 | –0 | 3 |
| Finished-goods inventory level | 13 | 1 | 12 | 14 | 17 |
| Demand and total order levels | –17 | –10 | –18 | –19 | –19 |
| Demand and export order levels | –12 | –5 | –15 | –19 | –26 |
| Personal production expectations | 5 | 6 | 6 | 3 | –6 |
| General production expectations | –8 | 3 | –30 | –30 | –35 |
- * : The average of the balances opinion since 1976.
- Source : Monthly business survey - INSEE
graphiqueGraphang1 – Industrial economic climate - Synthetic Index
graphiqueGraphang2 – Turning-point indicator
graphiqueGraphang3 – Business leaders' opinion (manufacturing industry)
Documentation
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Time series : Industry - Activity and demand
