In June 2014, the business climate in services is unchangedMonthly survey of services - June 2014

According to business managers, the economic situation in services remains stable in June 2014. The business climate composite indicator is steady and stands at 90, still below its long-term average (100). The turning point indicator remains in a favorable area.

Informations rapides
No 146
Paru le : 25/06/2014
Prochaine parution le : 21/12/2017 at 08:45 - December 2017

All services sector

According to business managers, the economic situation in services remains stable in June 2014. The business climate composite indicator is steady and stands at 90, still below its long-term average (100). The turning point indicator remains in a favorable area.

Business managers consider that activity has slowed down in the recent period. Their expectations of activity for the next three months have recovered slightly but remain under their long-term average. Their expectations of demand remain pessimistic. The balance on the general outlook, which relates the assessment of business leaders over their whole sector, is unchanged. It remains below its long-term average.

Expectations remain pessimistic about employment

The balances of opinion on past and expected employment are lower than their long-term averages.

Table_quarter – Economic outlook in the services sector

Balances of opinion, in %, seasonally adjusted
Economic outlook in the services sector
Average* March 14 April 14 May 14 June 14
Composite indicator 100 93 91 90 90
General outlook –8 –15 –15 –17 –17
Past activity 2 –4 –3 –2 –8
Expected activity 2 –7 –12 –12 –10
Expected demand 0 –6 –8 –11 –12
Business situation –2 –10 –7 –6 –10
Past selling prices –3 –13 –10 –12 –10
Expected selling prices –2 –12 –9 –10 –10
Past employment 3 –5 3 2 –1
except temporary work agencies 1 –4 0 –3 –4
Expected employment 2 –2 –1 –5 –2
except temporary work agencies –1 –5 –3 –4 –3
Investments
Past investments 1 1 –3 –4 –4
Expected investments 1 –6 –4 –7 –3
  • * 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, the balance of opinion on past activity has recovered. Conversely, the balance of opinion on expected activity has gone down.

Accommodation and food service activities

In accommodation and food service activities, business managers consider that their activity has slowed down over the recent period. However, their business expectations for the coming months recover sharply.

Information and communication

In information and communication, more business managers than in May consider that their activity has deteriorated over the recent period. Even if they have recovered, their business expectations remain very pessimistic.

Real estate activities

In real estate activities, the balances of opinion on past activity and on expected activity have deteriorated.

Professional, scientific and technical activities

In professional, scientific and technical activities, business managers consider that activity has slowed down in the recent months. Their business expectations are less pessimistic than in May.

Administrative and support service activities

In administrative and support service activities, the balance of opinion on past activity has dropped markedly, while the one relative to expected activity has slightly gone up.

graph_bonus_ – Past activity

Table_det – Detailed data

Balances of opinion, in %, seasonally adjusted
Detailed data
A21 Average* March 14 April 14 May 14 June 14
(H) Road transport
Past activity –8 3 –10 –13 –6
Expected activity –9 –10 –6 –8 –15
Expected demand –13 –12 –13 –16 –16
Past employment –8 –8 –10 –11 –14
Expected employment –11 –11 –8 –11 –10
(I) Accommodation and food service activities
Past activity –7 –5 –11 –9 –17
Expected activity –7 –12 –9 –14 0
Expected demand –9 –29 –22 –21 –10
Past employment –4 –4 –12 –9 0
Expected employment –5 –6 1 –15 2
(J) Information and communication
Past activity 10 –19 –7 –2 –13
Expected activity 11 –19 –26 –28 –23
Expected demand 11 7 –7 –4 –11
Past employment 7 –10 –2 –7 –10
Expected employment 11 –1 4 –1 –4
(L) Real estate activities
Past activity 7 11 0 8 4
Expected activity 7 5 7 10 3
Expected demand 1 –2 –2 –7 –4
Past employment 3 –1 8 –6 –5
Expected employment 2 –5 –1 –1 –1
(M) Professional, scientific and technical activities
Past activity –1 –1 –2 –4 –8
Expected activity –2 –10 –12 –9 –4
Expected demand –5 –15 –12 –13 –14
Past employment 1 –3 1 1 3
Expected employment 0 –5 –4 –2 –5
(N) Administrative and support service activities
Past activity 6 2 16 6 –5
Expected activity 5 10 –7 –5 –3
Expected demand 3 0 0 –7 –8
Past employment 8 –7 15 14 6
Expected employment 6 4 –2 –2 –1
  • * Average of the balances of opinion since 1988 (2006 for road transport)