In November 2012, the business climate remains deteriorated in servicesMonthly survey of services - November 2012

According to the business leaders surveyed in November 2012, the business climate in services remains stable. The synthetic indicator remains stable at 87 points, well below its long-term average. A little less business leaders than in October consider that their activity has slown down during the last few months. However, they revise downwards their expectations of activity for the months to come. The general outlook remains below its long-term average. The turning point indicator tends to indicate a more favorable economic situation’s dynamic, however it has to be confirmed in the next months.

Informations rapides
No 287
Paru le : 23/11/2012
Prochaine parution le : 21/12/2017 at 08:45 - December 2017

According to the business leaders surveyed in November 2012, the business climate in services remains stable. The synthetic indicator remains stable at 87 points, well below its long-term average. A little less business leaders than in October consider that their activity has slown down during the last few months. However, they revise downwards their expectations of activity for the months to come. The general outlook remains below its long-term average. The turning point indicator tends to indicate a more favorable economic situation’s dynamic, however it has to be confirmed in the next 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).

Graph2 – Activity

Table_quarter – Economic outlook in the services sector

Balances of opinion, in %, seasonally adjusted
Economic outlook in the services sector
Average* Aug. 12 Sept. 12 Oct. 12 Nov. 12
Business climate synthetic indicator 100 85 87 86 86
General outlook –6 –22 –24 –24 –22
Past activity 3 –11 –16 –12 –10
Expected activity 3 –13 –6 –6 –12
Expected demand 1 –15 –13 –12 –13
Business situation –1 –16 –20 –16 –15
Past selling prices –3 –8 –10 –9 –10
Expected selling prices –1 –8 –7 –11 –9
Past employment 3 –2 –7 –13 –7
except temporary work agencies 1 –4 –7 –9 –4
Expected employment 3 –8 –5 –6 –8
except temporary work agencies 0 –6 –6 –6 –8
Investments
Past investments 2 –8 –8 –5 –6
Expected investments 1 –9 –4 –4 –1
  • * Average of the balances of opinion since 1988
  • Source: Insee