24 May 2012
2012- n° 126In May 2012, the business climate deteriorates in manufacturing industry Monthly business survey (goods-producing industries) - May 2012
According to the business leaders questioned in May 2012, the industrial economic situation deteriorated: the synthetic indicator decreases by two points, it now finds its level of February 2012. It remains markedly below its long-term average.
Manufacturing industry
According to the business leaders questioned in May 2012, the industrial economic situation deteriorated: the synthetic indicator decreases by two points, it now finds its level of February 2012. It remains markedly below its long-term average.
The turning point indicator goes down to the unfavorable area.
Business leaders consider remain pessimistic about their past activity in manufacturing industry. Stocks of finished products increase slightly and they reach their long-term average. Total order books decrease markedly and are rated as very low; export order books are steady: the balance of opinion remains below their historical average.
Looking at the personal production outlook, which is steady, activity in manufacturing industry would not be dynamic in the next months. The general production outlook, which represents business leaders’ opinion on French industry as a whole, weakens strongly and are very below its long-term average.
tableautableau – Leaders' opinion: manufacturing industrial activity
| Manufacturing industry | Average* | Feb. 12 | March 12 | April 12 | May 12 |
|---|---|---|---|---|---|
| Synthetic index | 100 | 93 | 98 | 95 | 93 |
| Recent changes in output | 5 | –7 | –8 | –2 | –2 |
| Finished-goods inventory level | 13 | 14 | 11 | 10 | 12 |
| Demand and total order levels | –17 | –26 | –20 | –22 | –28 |
| Demand and export order levels | –12 | –33 | –10 | –25 | –25 |
| Personal production expectations | 5 | –1 | 8 | –5 | –4 |
| General production expectations | –8 | –27 | –15 | –14 | –29 |
- * : The average of the balances opinion since 1976.
- Source : Monthly business survey - INSEE
graphiqueGraphang1 – Industrial economic climate - Synthetic Index
graphiqueGraphang2 – Turning-point indicator
graphiqueGraphang3 – Business leaders' opinion (manufacturing industry)
Documentation
Methodology (pdf,133 Ko)
Pour en savoir plus
Time series : Industry - Activity and demand
