In September 2013, the business climate improves again in servicesMonthly survey of services - September 2013

According to business managers, the economic situation in services has improved again in September 2013. The business climate composite indicator rises by four points, and reaches 93, yet still below its long-term average (100).

Informations rapides
No 218
Paru le : 25/09/2013
Prochaine parution le : 26/09/2017 at 08:45 - September 2017

All services sector

According to business managers, the economic situation in services has improved again in September 2013. The business climate composite indicator rises by four points, and reaches 93, yet still below its long-term average (100).

Business managers consider that their activity has slightly picked up in the last few months and anticipate a further upturn. The general outlook rises by five points compared with August but remains below its long-term average. The turning point indicator indicates a favorable economic outlook dynamic.

Employment is still sluggish

In services sector (except temporary employment agencies), business managers remain pessimistic in their expectations for recruitment.

Table_quarter – Economic outlook in the services sector

Balances of opinion, in %, seasonally adjusted
Economic outlook in the services sector
Average* June 13 July 13 Aug. 13 Sept. 13
Composite indicator 100 84 86 89 93
General outlook –7 –27 –22 –20 –15
Past activity 3 –12 –16 –16 –13
Expected activity 3 –14 –14 –11 –7
Expected demand 0 –16 –13 –8 –3
Business situation –2 –16 –13 –14 –10
Past selling prices –3 –12 –12 –11 –11
Expected selling prices –2 –12 –13 –10 –10
Past employment 3 –5 –6 –7 –1
except temporary work agencies 1 –8 –5 –11 –7
Expected employment 2 –8 –7 –4 –1
except temporary work agencies 0 –10 –10 –7 –8
Investments
Past investments 1 –4 –5 –5 –4
Expected investments 1 –5 1 –1 1
  • * 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, business managers assess that activity has remained dull in the recent period. However, their expectations of activity and demand are recovering.

Accommodation and food service activities

In accommodation and food service activities, business managers consider that activity has been sluggish in the recent months. However, they anticipate a recovery of demand for the coming months.

Information and communication

In information and communication, business managers indicate that activity has remained deteriorated over the last few months, but their expectations of demand for the next months are recovering.

Real estate activities

In real estate activities, the balance of opinion on past activity is almost steady. Business managers’ expectations of activity and demand are better than in august.

Professional, scientific and technical activities

In professional, scientific and technical activities, more business managers than in august estimate that activity has improved in the recent period. Conversely, their expectations of activity and demand remain gloomy.

Administrative and support service activities

In administrative and support service activities, business managers indicate that activity has recovered in the recent period. They revise their forecasts of activity and recruitment upward for the next few months.

graph_bonus_ – Expected activity

Table_det – Detailed data

Balances of opinion, in %, seasonally adjusted
Detailed data
A21 Average* June 13 July 13 Aug. 13 Sept. 13
(H) Road transport
Past activity –8 –26 –31 –21 –20
Expected activity –10 –30 –24 –21 –10
Expected demand –13 –31 –29 –21 –13
Past employment –8 –17 –9 –8 –11
Expected employment –11 –18 –17 –15 –10
(I) Accommodation and food service activities
Past activity –7 –28 –19 –21 –21
Expected activity –7 –21 –27 –26 –18
Expected demand –9 –27 –31 –27 –15
Past employment –4 –14 –11 –22 –14
Expected employment –5 –14 –13 –17 –14
(J) Information and communication
Past activity 11 –8 –24 –33 –29
Expected activity 12 –14 –16 –12 –7
Expected demand 12 –11 0 0 9
Past employment 7 –3 –7 –11 –15
Expected employment 12 –10 –11 –7 –6
(L) Real estate activities
Past activity 7 0 –2 2 3
Expected activity 8 1 –1 0 4
Expected demand 2 –3 –4 –4 2
Past employment 3 –3 1 –5 –1
Expected employment 2 –5 –5 1 –4
(M) Professional, scientific and technical activities
Past activity –1 –14 –14 –13 –8
Expected activity –2 –14 –16 –9 –10
Expected demand –5 –21 –21 –13 –12
Past employment 1 –7 –4 –6 –7
Expected employment 0 –7 –6 –5 –7
(N) Administrative and support service activities
Past activity 6 –8 –11 –8 –4
Expected activity 5 –9 –6 –3 3
Expected demand 3 –12 –8 3 1
Past employment 8 4 –6 1 12
Expected employment 6 –5 2 8 13
  • * Average of the balances of opinion since 1988 (2006 for road transport)