23 January 2013

2013- n° 15
In January 2013, the business climate in manufacturing industrydeteriorates anew Monthly business survey (goods-producing industries) - January 2013

According to the business leaders questioned in January 2013, the industrial economic situation deteriorates anew. The synthetic indicator decreased by three points and was very below its long-term average.

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N^o 15

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Manufacturing industry

The turning point indicator remains in the neutral area.

Business leaders consider that their past activity was very deteriorated: the balance of opinion decreased markedly and was very low.

Business leaders consider also that their production outlook deteriorates.

While export order books decreased slightly, total order books are rated as nearly steady: they remain considered as very low.

The general production outlook, which represents business leaders’ opinion on French industry as a whole, are nearly steady; this balance of opinion remains very low.

Stocks of finished products decrease markedly and their level is rated as very below their long-term average.

tableautableau – Leaders' opinion: manufacturing industrial activity

Balance of opinion, s.a, in %

Leaders' opinion: manufacturing industrial activity (Balance of opinion, s.a, in %)
Manufacturing industry	Average*	Oct. 12	Nov. 12	Dec. 12	Jan. 13
Synthetic index	100	85	88	89	86
Recent changes in output	5	–23	–16	–10	–23
Finished-goods inventory level	13	17	15	11	3
Demand and total order levels	–17	–41	–34	–37	–35
Demand and export order levels	–13	–38	–35	–37	–41
Personal production expectations	5	–9	–7	–9	–15
General production expectations	–9	–55	–42	–38	–36

* : The average of the balances opinion since 1976.
Source : Monthly business survey - INSEE