In May 2014, the business climate remains deteriorated in servicesMonthly survey of services - May 2014

According to business managers, the economic situation in services remains damaged in May 2014. The business climate composite indicator is almost steady and stands at 90, still below its long-term average (100). The turning point indicator remains in a favorable area.

Informations rapides
No 119
Paru le : 22/05/2014
Prochaine parution le : 21/12/2017 at 08:45 - December 2017

All services sector

According to business managers, the economic situation in services remains damaged in May 2014. The business climate composite indicator is almost steady and stands at 90, still below its long-term average (100). The turning point indicator remains in a favorable area.

Business managers consider that activity remains dull in the recent period. Their expectations of activity and demand for the next three months are pessimistic. The balance on the general outlook, which relates the assessment of business leaders over their whole sector, has dropped by two points. It remains below its long-term average.

Employment expectations remain pessimistic

In services sector except temporary employment agencies, the balances of opinion on past and expected employment are lower than their long-term averages.

Table_quarter – Economic outlook in the services sector

Balances of opinion, in %, seasonally adjusted
Economic outlook in the services sector
Average* Feb. 14 March 14 April 14 May 14
Composite indicator 100 92 93 91 90
General outlook –8 –15 –15 –15 –17
Past activity 2 –7 –4 –3 –3
Expected activity 2 –7 –7 –12 –12
Expected demand 0 –9 –6 –8 –11
Business situation –2 –13 –10 –7 –6
Past selling prices –3 –10 –13 –10 –11
Expected selling prices –2 –11 –12 –9 –10
Past employment 3 –2 –5 3 3
except temporary work agencies 1 –1 –4 0 –2
Expected employment 2 –4 –2 –1 –5
except temporary work agencies –1 –8 –5 –3 –4
Investments
Past investments 1 –2 1 –3 –4
Expected investments 1 –5 –6 –4 –5
  • * Average of the balances of opinion since 1988
  • Source: Insee

Graph1 – Composite indicator

graph_retourn – Turning point indicator

  • Note: close to 1 (respectively -1), this indicator indicates a favorable short-term economic situation (respectively unfavorable).

Graph2 – Activity

Road transport

In road freight and mail activities, the balance of opinion on past activity has declined. The balance of opinion on expected activity continues to increase and exceeds its long-term average.

Accommodation and food service activities

In accommodation and food service activities, business managers consider that their activity is dull over the recent period. Their business expectations over the coming months are downward oriented.

Information and communication

In information and communication, less business managers than in April consider that their activity has deteriorated over the recent period. However, their business expectations are very pessimistic.

Real estate activities

In real estate activities, the balance of opinion on past activity is almost at its average level. The balance of opinion on expected activity has increased again, while business managers do not expect much demand.

Professional, scientific and technical activities

In professional, scientific and technical activities, business managers consider that activity has slightly slowed down in the recent months. Their expectations of business and demand are pessimistic.

Administrative and support service activities

In administrative and support service activities, the balance of opinion on past activity regains its long-term average after a jump in April. The balances of opinion relative to expected activity and expected demand remain deteriorated.

graph_bonus_ – Expected activity

Table_det – Detailed data

Balances of opinion, in %, seasonally adjusted
Detailed data
A21 Average* Feb. 14 March 14 April 14 May 14
(H) Road transport
Past activity –8 3 3 –10 –13
Expected activity –9 –18 –10 –6 –4
Expected demand –13 –18 –12 –13 –15
Past employment –8 –6 –8 –10 –11
Expected employment –11 –16 –11 –8 –9
(I) Accommodation and food service activities
Past activity –7 –14 –5 –11 –11
Expected activity –7 –21 –12 –9 –15
Expected demand –9 –25 –29 –22 –21
Past employment –4 –6 –4 –12 –9
Expected employment –5 –12 –6 1 –15
(J) Information and communication
Past activity 10 –24 –19 –7 –5
Expected activity 11 –17 –19 –26 –30
Expected demand 12 –4 7 –7 –7
Past employment 7 –1 –10 –2 –6
Expected employment 11 –6 –1 4 1
(L) Real estate activities
Past activity 7 9 11 0 9
Expected activity 7 5 5 7 11
Expected demand 1 –3 –2 –2 –7
Past employment 3 7 –1 8 0
Expected employment 2 –1 –5 –1 –1
(M) Professional, scientific and technical activities
Past activity –1 –7 –1 –2 –5
Expected activity –2 –3 –10 –12 –10
Expected demand –5 –11 –15 –12 –14
Past employment 1 –5 –3 1 1
Expected employment 0 –5 –5 –4 –1
(N) Administrative and support service activities
Past activity 6 4 2 16 6
Expected activity 5 3 10 –7 –5
Expected demand 3 0 0 0 –4
Past employment 8 1 –7 15 15
Expected employment 6 3 4 –2 –2
  • * Average of the balances of opinion since 1988 (2006 for road transport)