In April 2014, the business climate is stable in the retail trade and in the trade and repair of motor vehiclesMonthly survey of retailing - April 2014

According to the managers surveyed in April 2014, the business climate is almost stable in the retail trade and in the trade and repair of motor vehicles. The composite indicator has remained still below its long-term average level.

Informations rapides
No 94
Paru le : 24/04/2014
Prochaine parution le : 26/09/2017 at 08:45 - September 2017

According to the managers surveyed in April 2014, the business climate is almost stable in the retail trade and in the trade and repair of motor vehicles. The composite indicator has remained still below its long-term average level.

graph_indsynt_en – Business climate synthetic indicator

A new drop in past activity

According to managers, past activity has been declining for the third straight survey. This drop is mainly due to non-specialized retail trade. About forecasts, each of the two balances concerning expected sales and ordering intentions has remained under its average.

Stocks are still considered very low.

More and more business leaders anticipate a fall in selling prices for the coming months.

Graph_ventes_ic_en – Recent sales and ordering intentions

tab1_en – Global data

Balances of opinion, in %, S.A.
Global data
Ave. (1) Jan. 14 Feb. March 14 April 14
Business climate 100 98 95 97 98
General business outlook –30 –33 –36 –36 –35
Recent sales –7 –10 –12 –17 –22
Expected sales –3 –9 –14 –12 –7
Ordering intentions –9 –11 –16 –10 –10
Stocks 11 12 8 3 5
Past selling prices (2) –6 –12 –10
Expected selling prices –3 0 –10 –12 –15
Cash position (2) –15 –20 –22
Workforce size: recent trend 0 –4 –5 –7 –4
Workforce size: future trend –2 –8 –8 –8 –4
  • (1) Average since 1991 (2004 for recent and expected sales and ordering intentions).
  • (2) Bi-monthly question (odd-numbered months).
  • Source: monthly survey in the retail trade and in the trade and repair of motor vehicles - INSEE

Less job losses

According to business managers, job losses pace slighly decrease over the next few months. Each of the two balances still stay under its average.

Retail trade

Sharp fall in non-specialized past activity

According to the non-specialized retailers, past activity has significantly declined. The corresponding balance has come back to the low level of October 2009. In specialized trade, the past sales balance has slightly increased, but still remained under its average.

Concerning forecasts, fewer specialized and non-specialized traders have declared a decrease in their expected activity and ordering intentions. Each of the two balances has stayed under its average in the non-specialized trade, and near its mean level in the specialized trade.

Stocks have been estimated still low, under their average.

More retailers than in March anticipate a fall in selling prices over the next few months.

Trade and repair of motor vehicles

graph_ventes_ic_auto_en – Recent sales and ordering intentions in motor vehicles

Very optimistic ordering intentions

As many vehicle traders than over the previous months have declared a drop in their recent sales, the corresponding balance staying under its average. Expected sales and ordering intentions have stabilized. If the balance concerning previous sales has remained at its average, the ordering intentions one is very optimistic and has reached the September 2008 level.

The level of stocks is still considered very low. The corresponding balance has stayed at the July 2011 low level.

The balance concerning expected prices is increasing for the second straight month.

tab2_en – Detailed data

Balances of opinion, in %, S.A.
Detailed data
Ave. (1) Jan. 14 Feb. March 14 April 14
Retail trade - Global data
Recent sales –5 –9 –10 –19 –25
Expected sales 0 –11 –14 –12 –7
Ordering intentions –7 –12 –14 –11 –10
Stocks 10 15 8 4 6
Past selling prices (2) –8 –15 –15
Expected selling prices –4 –5 –12 –13 –20
Cash position (2) –13 –18 –21
Workforce size: recent trend 1 0 –2 –5 –1
Workforce size: future trend –2 –5 –6 –5 –3
Non-specialized retail trade
Recent sales –1 –6 –9 –17 –33
Expected sales 6 –13 –13 –12 –2
Ordering intentions 1 –7 –10 –8 –3
Stocks 7 20 9 3 2
Past selling prices (2) –8 –17 –21
Expected selling prices –5 –7 –16 –20 –26
Cash position (2) –7 –10 –13
Specialized retail trade
Recent sales –9 –12 –11 –21 –16
Expected sales –7 –19 –18 –16 –11
Ordering intentions –17 –26 –21 –19 –16
Stocks 14 9 8 4 10
Past selling prices (2) –8 –12 –7
Expected selling prices –4 –2 –7 –6 –14
Cash position (2) –22 –28 –29
Trade and repair of motor cars and motorcycles
Recent sales –11 –12 –17 –12 –14
Expected sales –9 –8 –16 –10 –9
Ordering intentions –14 –19 –20 –4 –2
Stocks 15 5 6 0 2
Past selling prices (2) 1 –7 1
Expected selling prices 4 2 –9 –7 –3
Cash position (2) –26 –25 –24
Workforce size: recent trend –10 –18 –16 –14 –12
Workforce size: future trend –8 –17 –14 –13 –6
  • (1) Average since 1991 (2003 for trade and repair of motor vehicles and 2004 for recent and expected sales and ordering intentions).
  • (2) Bi-monthly question (odd-numbered months).
  • Source: monthly survey in the retail trade and in the trade and repair of motor vehicles - INSEE