In july 2013, the business climate recovers slightly in servicesMonthly survey of services - July 2013

According to the business leaders surveyed in July 2013, the economic situation in services remained degraded but improved slightly. The business climate synthetic indicator rose by two points and is 86, well below its long-term average (100). The turning point indicator is consistent with a change in the economic situation’s dynamic, which has to be confirmed in the coming months. The general outlook recovered significantly but remained well below its long-term average. Business leaders consider that activity remained degraded over the recent period. They do not expect improvement in the three coming months.

Informations rapides
No 171
Paru le : 23/07/2013
Prochaine parution le : 24/10/2017 at 08:45 - October 2017

Warning : seasonal coefficients were updated for this survey.

According to the business leaders surveyed in July 2013, the economic situation in services remained degraded but improved slightly. The business climate synthetic indicator rose by two points and is 86, well below its long-term average (100). The turning point indicator is consistent with a change in the economic situation’s dynamic, which has to be confirmed in the coming months. The general outlook recovered significantly but remained well below its long-term average. Business leaders consider that activity remained degraded over the recent period. They do not expect improvement in the three coming months.

They consider that their operating balance result was less damaged over the last few months, but remained pessimistic about the coming months.

In services except temporary employment agencies, business leaders remained pessimistic in their expectations for recruitment. In contrast, the investment outlook recovered, nearly reaching its long-term average.

Graph1 – Composite indicator

graph_retourn – Turning point indicator

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

Table_quarter – Economic outlook in the services sector

Balances of opinion, in %, seasonally adjusted
Economic outlook in the services sector
Average* April 13 May 13 June 13 July 13
Composite indicator 100 84 84 84 86
General outlook –7 –29 –29 –27 –23
Past activity 3 –16 –16 –12 –17
Expected activity 3 –16 –11 –14 –14
Expected demand 0 –16 –17 –16 –12
Business situation –2 –17 –18 –16 –14
Past selling prices –3 –14 –12 –12 –12
Expected selling prices –2 –12 –12 –12 –13
Past employment 3 –13 –6 –5 –6
except temporary work agencies 1 –12 –5 –8 –5
Expected employment 2 –15 –13 –8 –7
except temporary work agencies 0 –12 –14 –10 –10
Investments
Past investments 2 –7 –4 –4 –6
Expected investments 1 –5 –5 –5 0
Operating balance result
Past result –1 –14 –8
Expected result –1 –15 –16
Cash position –11 –15 –16
Difficulties of supply and demand
difficulties of supply and demand 10 12 13
difficulties of supply only 22 19 16
difficulties of demand only 31 41 41
Difficulties in recruitment 29 20 16
  • * Average of the balances of opinion since 1988
  • Source: Insee