In January 2014, the business climate remains stable in servicesMonthly survey of services - January 2014

According to business managers, the economic situation in services remains stable in January 2014. The business climate composite indicator remains unchanged at 91. The turning point indicator still indicates a favorable economic outlook dynamic. Business managers report that their activity has declined over the last few months, but their business expectations for the coming months are a little less pessimistic than in December. The balance on the general outlook, which relates the assessment of business leaders over their whole sector remains below its long-term average.

Informations rapides
No 20
Paru le : 23/01/2014
Prochaine parution le : 26/09/2017 at 08:45 - September 2017

All services sector

According to business managers, the economic situation in services remains stable in January 2014. The business climate composite indicator remains unchanged at 91. The turning point indicator still indicates a favorable economic outlook dynamic. Business managers report that their activity has declined over the last few months, but their business expectations for the coming months are a little less pessimistic than in December. The balance on the general outlook, which relates the assessment of business leaders over their whole sector remains below its long-term average.

Business leaders believe that their operating balance result is still degraded over the recent period, and their expectations for the coming months remain dull.

Expectations of employment are unchanged

In services sector except temporary employment agencies, the balances of opinion on past and expected employment are almost unchanged compared to December.

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).

Table_quarter – Economic outlook in the services sector

Balances of opinion, in %, seasonally adjusted
Economic outlook in the services sector
Average* Oct. 13 Nov. 13 Dec. 13 Jan. 14
Composite indicator 100 93 95 91 91
General outlook –7 –14 –15 –16 –16
Past activity 2 –7 –2 –3 –7
Expected activity 2 –7 –2 –10 –6
Expected demand 0 –2 –5 –8 –8
Business situation –2 –11 –9 –14 –15
Past selling prices –3 –12 –13 –11 –12
Expected selling prices –2 –10 –7 –10 –10
Past employment 3 –4 2 7 2
except temporary work agencies 1 –7 –5 –2 –1
Expected employment 2 0 –2 –5 –5
except temporary work agencies 0 –6 –5 –8 –8
Investments
Past investments 1 –3 1 0 0
Expected investments 1 0 –1 –1 1
Operating balance result
Past result –1 –14 –12
Expected result –1 –9 –14
Cash position –11 –15 –17
Difficulties of supply and demand
difficulties of supply and demand 10 12 14
difficulties of supply only 22 16 19
difficulties of demand only 31 38 37
Difficulties in recruitment 29 17 18
  • * Average of the balances of opinion since 1988
  • Source: Insee

Road transport

In road freight and mail activities, business managers’ judgment on past activity is stable. However, their business expectations for the coming months are deteriorating.

Accommodation and food service activities

In accommodation and food service activities, business managers consider that activity is deteriorated and do not expect an improvement for the coming months.

Information and communication

In information and communication, business managers indicate that their activity has slowed down in recent months, but their expectations of activity and demand for the next months are improving.

Real estate activities

In real estate activities, business managers consider that activity is dull in the recent months. The balances of opinion on past and expected activity remain below their long term averages.

Professional, scientific and technical activities

In professional, scientific and technical activities, business managers indicate that their activity remains sluggish. Their expectations of activity and demand for the coming months remain pessimistic.

Administrative and support service activities

In administrative and support service activities, business managers indicate that activity has improved in recent months. They revise upwards their expectations of business for the coming months.

graph_bonus_ – Expected activity

Table_det – Detailed data

Balances of opinion, in %, seasonally adjusted
Detailed data
A21 Average* Oct. 13 Nov. 13 Dec. 13 Jan. 14
(H) Road transport
Past activity –8 –8 –6 –1 –1
Expected activity –9 –4 1 –7 –17
Expected demand –13 –7 –8 –9 –19
Past employment –8 –6 –7 0 –1
Expected employment –11 –6 –7 –13 –13
(I) Accommodation and food service activities
Past activity –7 –19 –12 –17 –18
Expected activity –7 –8 –13 –15 –14
Expected demand –9 –8 –15 –14 –18
Past employment –4 –14 –13 –8 –6
Expected employment –5 –11 –10 –12 –14
(J) Information and communication
Past activity 10 –10 –1 –11 –23
Expected activity 12 –21 –2 –24 –7
Expected demand 12 5 5 –5 0
Past employment 7 –9 –4 –4 –3
Expected employment 11 1 2 –3 –5
(L) Real estate activities
Past activity 7 0 –3 –3 –2
Expected activity 7 9 7 2 1
Expected demand 1 2 –4 –6 –1
Past employment 3 –5 0 2 1
Expected employment 2 –2 2 –1 –4
(M) Professional, scientific and technical activities
Past activity –1 –3 –6 –7 –8
Expected activity –2 –11 –9 –9 –11
Expected demand –5 –10 –12 –12 –10
Past employment 1 –6 1 0 –1
Expected employment 0 –5 –4 –8 –4
(N) Administrative and support service activities
Past activity 6 1 6 9 15
Expected activity 5 5 0 –1 5
Expected demand 3 0 –5 –7 –4
Past employment 8 2 22 32 12
Expected employment 6 10 3 3 2
  • * Average of the balances of opinion since 1988 (2006 for road transport)