In July 2012, the economic climate in services remains sluggishMonthly survey of services - July 2012

According to the business leaders surveyed in July 2012, the economic situation in services remains sluggish. The business climate synthetic indicator stabilizes in July, and is 87, still below its long-term average (100). The turning point indicator indicates an unfavourable economic situation.

Informations rapides
No 184
Paru le : 24/07/2012
Prochaine parution le : 21/12/2017 at 08:45 - December 2017

According to the business leaders surveyed in July 2012, the economic situation in services remains sluggish. The business climate synthetic indicator stabilizes in July, and is 87, still below its long-term average (100). The turning point indicator indicates an unfavourable economic situation.

Business leaders consider that their activity slow down the last few months. The balances of opinion relative to expected activity and expected demand remain damaged.

They consider that their operating balance result decreased in the last few months and remain pessimistic in their expectations for the coming months.

The general outlook drops by three points compared with June.

Job creations remain scarce

In services except temporary employment agencies, business leaders are likely to indicate a decline in employement over the recent period. According to them, job creations should remain scarce in the coming months.

Graph1 – Business climate synthetic indicator

graph_retourn – Turning point indicator

  • Note: close to 1 (respectively -1), this indicator indicates a favourable short-term economic situation (respectively unfavourable).

Table_quarter – Economic outlook in the services sector

Balances of opinion, in %, seasonally adjusted
Economic outlook in the services sector
Average* Apr. 12 May 12 June 12 July 12
Business climate synthetic indicator 100 92 89 87 87
General outlook –6 –13 –18 –18 –21
Past activity 4 –1 –4 –4 –13
Expected activity 3 –5 –8 –12 –9
Expected demand 1 –6 –9 –11 –9
Business situation 0 –8 –13 –15 –16
Past selling prices –2 –4 –4 –5 –7
Expected selling prices –1 –4 –6 –6 –5
Past employment 3 –3 –2 –14 –15
except temporary work agencies 1 –4 0 –6 –6
Expected employment 3 –2 –12 –10 –2
except temporary work agencies 0 –4 –7 –7 –6
Investments
Past investments 2 3 0 3 –6
Expected investments 2 –1 –3 –5 –7
Operating balance result
Past result –1 –7 –16
Expected result –1 –12 –15
Cash position –10 –11 –15
Difficulties of supply and demand
difficulties of supply and demand 9 13 11
difficulties of supply only 23 20 20
difficulties of demand only 29 32 40
Difficulties in recruitment 30 22 19
  • * Average of the balances of opinion since 1988
  • Source: Insee