In May 2012, the business climate deteriorates in manufacturing industryMonthly 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.

Informations rapides
No 126
Paru le : 24/05/2012
Prochaine parution le : 21/12/2017 at 08:45 - December 2017

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.

tableau – Leaders' opinion: manufacturing industrial activity

Balance of opinion, s.a, in %
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

Graphang1 – Industrial economic climate - Synthetic Index

Graphang2 – Turning-point indicator

Graphang3 – Business leaders' opinion (manufacturing industry)