In March 2012, the business climate improves in manufacturing industryMonthly business survey (goods-producing industries) - March 2012

According to the business leaders questioned in March 2012, the industrial economic situation improved: the synthetic indicator increases by three points, it now finds its level of november 2011. But it remains below its long-term average.

Informations rapides
No 71
Paru le : 23/03/2012
Prochaine parution le : 24/10/2017 at 08:45 - October 2017

Manufacturing industry

According to the business leaders questioned in March 2012, the industrial economic situation improved: the synthetic indicator increases by three points, it now finds its level of november 2011. But it remains below its long-term average.

The turning point indicator is in the favorable area .

Business leaders consider that their past activity continues to weaken in manufacturing industry. Stocks of finished products reduce: they are below to their normal level. Total order books slightly improve but are still rated as low; export order books improve markedly but are always rated below their historical average.

Looking at the personal production outlook, which improves markedly, activity in manufacturing industry would be more dynamic in the next months. The general production outlook, which represents business leaders’ opinion on French industry as a whole, improves strongly but are always below its long-term average.

tableau – Leaders' opinion: manufacturing industrial activity

Balance of opinion, s.a, in %
Leaders' opinion: manufacturing industrial activity
Manufacturing industry Average* Dec. 11 Jan. 12 Feb. 12 March 12
Synthetic index 100 94 92 93 96
Recent changes in output 5 –5 –6 –7 –10
Finished-goods inventory level 13 15 16 14 9
Demand and total order levels –17 –26 –28 –26 –23
Demand and export order levels –12 –20 –26 –33 –15
Personal production expectations 5 –1 –5 –1 6
General production expectations –8 –36 –36 –27 –15
  • * : The average of the balances opinion since 1976.
  • Source : Monthly business survey - INSEE

Graphang1 – Industrial economic climate - Synthetic Index

Graphang2 – Turning-point indicator

Graphang3 – Business leaders' opinion (manufacturing industry)