In July 2014, the business climate is slightly improvingMonthly survey of services - July 2014

Warning : seasonal coefficients were updated for this survey.

Informations rapides
No 171
Paru le : 23/07/2014
Prochaine parution le : 26/09/2017 at 08:45 - September 2017

Warning : seasonal coefficients were updated for this survey.

All services sector

According to business managers, the economic situation in services is slightly improving in July 2014. The business climate composite indicator gains two points et is at 94 and the turning point indicator indicates a favorable dynamic.

The balance on the general outlook, which relates the assessment of business leaders over their whole sector is improving in July, but is still below its long-term average.

Business managers report that their activity has decreased over the last few months, but their business expectations for the coming months are more optimistic.

Business leaders believe that their operating balance result is more degraded than in April, but their expectation for the coming months are optimistic.

In services sector except temporary employment agencies, expected employment are pessimistic. Expected investments are slightly improving, close to their long-term average.

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).

Graph1 – Economic outlook in the services sector

Balances of opinion, in %, seasonally adjusted
Economic outlook in the services sector
Average* April 14 May 14 June 14 July 14
Composite indicator 100 92 91 92 94
General outlook –8 –14 –15 –16 –15
Past activity 2 –3 –2 –8 –8
Expected activity 2 –10 –11 –7 –2
Expected demand 0 –7 –9 –9 –7
Business situation –3 –7 –5 –9 –13
Past selling prices –3 –10 –12 –10 –9
Expected selling prices –2 –9 –10 –9 –10
Past employment 3 2 2 0 0
except temporary work agencies 1 0 –4 –3 –1
Expected employment 2 –2 –3 –2 –2
except temporary work agencies –1 –3 –4 –3 –3
Investments
Past investments 1 –2 –3 –3 –2
Expected investments 1 –3 –5 –1 0
Operating balance result
Past result –2 –7 –17
Expected result –2 –11 –3
Cash position –11 –12 –15
Difficulties of supply and demand
difficulties of supply and demand 10 11 12
difficulties of supply only 22 18 20
difficulties of demand only 31 38 39
Difficulties in recruitment 29 18 17
  • * Average of the balances of opinion since 1988
  • Source: Insee

Road transport

In road freight and mail activities, business managers’ judgment on past activity declines. The balances of opinion on expected activity and expected demand are improving.

Accommodation and food service activities

In accommodation and food service activities, business managers consider that activity has declined over the last few months and do not expect any improvement for the coming months.

Information and communication

In information and communication, the balance of opinion on past activity and expectations of activity and demand have improved in the recent months.

Real estate activities

In real estate activities, business managers report that activity has accelerated in the recent months, despite a deterioration in expected demand.

Professional, scientific and technical activities

In professional, scientific and technical activities, business managers indicate that their activity is unchanged over the last few months.

Administrative and support service activities

In administrative and support service activities, business managers indicate that activity has degraded in recent months although their expectations of activity for the coming months are good.

graph_bonus_ – Past activity

Table_det – Detailed data

Balances of opinion, in %, seasonally adjusted
Detailed data
A21 Average* April 14 May 14 June 14 July 14
(H) Road transport
Past activity –8 –7 –8 –2 –11
Expected activity –9 –6 –8 –13 –7
Expected demand –13 –12 –13 –14 –7
Past employment –8 –9 –9 –10 –13
Expected employment –11 –8 –10 –9 –7
(I) Accommodation and food service activities
Past activity –7 –9 –9 –14 –21
Expected activity –7 –10 –14 –3 –5
Expected demand –9 –21 –20 –7 –7
Past employment –4 –10 –9 –1 4
Expected employment –5 1 –12 1 –7
(J) Information and communication
Past activity 10 –11 –8 –21 –10
Expected activity 11 –24 –27 –20 –3
Expected demand 11 –5 –2 –8 –2
Past employment 7 –2 –7 –11 –2
Expected employment 11 4 –1 –4 –9
(L) Real estate activities
Past activity 7 –5 5 5 4
Expected activity 7 7 9 2 1
Expected demand 1 –2 –5 –4 –3
Past employment 3 7 –5 –4 2
Expected employment 2 –2 –2 0 7
(M) Professional, scientific and technical activities
Past activity –1 –3 –5 –6 –5
Expected activity –2 –11 –8 –3 –5
Expected demand –5 –11 –12 –12 –13
Past employment 1 1 1 3 0
Expected employment 0 –3 –1 –5 –1
(N) Administrative and support service activities
Past activity 6 16 8 –3 –5
Expected activity 5 –2 –3 –2 5
Expected demand 3 0 –5 –7 –2
Past employment 8 14 15 6 4
Expected employment 6 2 2 –1 6
  • * Average of the balances of opinion since 1988 (2006 for road transport)