25 February 2014
2014- n° 43In February 2014, the business climate remains stable in services Monthly survey of services - February 2014
According to business managers, the economic situation in services remains stable in February 2014. The business climate composite indicator is unchanged compared to January and stands at 91, still below its long-term average (100). The turning point indicator indicates an unfavorable economic outlook dynamic.
All services sector
According to business managers, the economic situation in services remains stable in February 2014. The business climate composite indicator is unchanged compared to January and stands at 91, still below its long-term average (100). The turning point indicator indicates an unfavorable economic outlook dynamic.
Business managers consider that their activity remains deteriorated in the last few months. They revise downward their anticipations of activity and demand for the next few months. The balance on the general outlook, which relates the assessment of business leaders over their whole sector remains below its long-term average.
Employment remains sluggish
In services sector except temporary employment agencies, the balances of opinion on past and expected employment are lower than their long-term averages.
tableauTable_quarter – Economic outlook in the services sector
| Average* | Nov. 13 | Dec. 13 | Jan. 14 | Feb. 14 | |
|---|---|---|---|---|---|
| Composite indicator | 100 | 95 | 91 | 91 | 91 |
| General outlook | –7 | –15 | –16 | –16 | –15 |
| Past activity | 2 | –2 | –3 | –6 | –7 |
| Expected activity | 2 | –2 | –10 | –5 | –8 |
| Expected demand | 0 | –5 | –8 | –8 | –9 |
| Business situation | –2 | –9 | –14 | –15 | –13 |
| Past selling prices | –3 | –13 | –11 | –11 | –10 |
| Expected selling prices | –2 | –7 | –10 | –9 | –11 |
| Past employment | 3 | 2 | 7 | 2 | –2 |
| except temporary work agencies | 1 | –5 | –2 | 1 | –2 |
| Expected employment | 2 | –2 | –5 | –4 | –5 |
| except temporary work agencies | –1 | –5 | –8 | –7 | –8 |
| Investments | |||||
| Past investments | 1 | 1 | 0 | 1 | –1 |
| Expected investments | 1 | –1 | –1 | 2 | –5 |
- * Average of the balances of opinion since 1988
- Source: Insee
graphiqueGraph1 – Composite indicator
graphiquegraph_retourn – Turning point indicator
- Note: close to 1 (respectively -1), this indicator indicates a favorable short-term economic situation (respectively unfavorable).
graphiqueGraph2 – Activity
Road transport
In road freight and mail activities, business managers’ judgment on past activity has improved. 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 remains deteriorated in the past three months. Their business and demand expectations are worsening.
Information and communication
In information and communication, the balances of opinion on past activity and on expected activity are down.
Real estate activities
In real estate activities, business managers consider that activity has improved in the recent months. They revise upwards their expectations of activity and demand.
Professional, scientific and technical activities
In professional, scientific and technical activities, business managers consider that their activity has remained dull in recent months. Their expectations of activity and demand remain pessimistic.
Administrative and support service activities
In administrative and support service activities, the balance of opinion on past activity is down in February. The balance of opinion on expected activity is close to its long-term average.
graphiquegraph_bonus_ – Expected activity
tableauTable_det – Detailed data
| A21 | Average* | Nov. 13 | Dec. 13 | Jan. 14 | Feb. 14 |
|---|---|---|---|---|---|
| (H) Road transport | |||||
| Past activity | –8 | –6 | –1 | –1 | 5 |
| Expected activity | –9 | 1 | –7 | –15 | –18 |
| Expected demand | –13 | –8 | –9 | –18 | –17 |
| Past employment | –8 | –7 | 0 | –1 | –5 |
| Expected employment | –11 | –7 | –13 | –10 | –15 |
| (I) Accommodation and food service activities | |||||
| Past activity | –7 | –12 | –17 | –19 | –14 |
| Expected activity | –7 | –13 | –15 | –15 | –25 |
| Expected demand | –9 | –15 | –14 | –19 | –29 |
| Past employment | –4 | –13 | –8 | –5 | –7 |
| Expected employment | –5 | –10 | –12 | –13 | –13 |
| (J) Information and communication | |||||
| Past activity | 10 | –1 | –11 | –22 | –24 |
| Expected activity | 12 | –2 | –24 | –7 | –16 |
| Expected demand | 12 | 5 | –5 | 0 | –4 |
| Past employment | 7 | –4 | –4 | –3 | –2 |
| Expected employment | 11 | 2 | –3 | –4 | –6 |
| (L) Real estate activities | |||||
| Past activity | 7 | –3 | –3 | 1 | 9 |
| Expected activity | 7 | 7 | 2 | 2 | 5 |
| Expected demand | 1 | –4 | –6 | –2 | –3 |
| Past employment | 3 | 0 | 2 | 5 | 7 |
| Expected employment | 2 | 2 | –1 | –5 | –3 |
| (M) Professional, scientific and technical activities | |||||
| Past activity | –1 | –6 | –7 | –8 | –6 |
| Expected activity | –2 | –9 | –9 | –10 | –6 |
| Expected demand | –5 | –12 | –12 | –10 | –13 |
| Past employment | 1 | 1 | 0 | –2 | –7 |
| Expected employment | 0 | –4 | –8 | –3 | –6 |
| (N) Administrative and support service activities | |||||
| Past activity | 6 | 6 | 9 | 13 | 2 |
| Expected activity | 5 | 0 | –1 | 6 | 4 |
| Expected demand | 3 | –5 | –7 | –3 | 1 |
| Past employment | 8 | 22 | 32 | 9 | 2 |
| Expected employment | 6 | 3 | 3 | 3 | 4 |
- * Average of the balances of opinion since 1988 (2006 for road transport)
Documentation
Methodology (2016) (pdf,158 Ko)
Pour en savoir plus
Time series : Economic outlook surveys – Services
