In October 2012, the economic climate in services remains sluggishMonthly survey of services - October 2012

According to the business leaders surveyed in October 2012, the economic situation in services remains sluggish. The business climate synthetic indicator dropped by one point in October, and is 86, still below its long-term average (100). The turning point indicator stays in the neutral zone.

Informations rapides
No 260
Paru le : 23/10/2012
Prochaine parution le : 26/09/2017 at 08:45 - September 2017

According to the business leaders surveyed in October 2012, the economic situation in services remains sluggish. The business climate synthetic indicator dropped by one point in October, and is 86, still below its long-term average (100). The turning point indicator stays in the neutral zone.

Business leaders consider that their activity remains degraded. They are pessimistic in their expectations of activity and demand for the coming months.

They consider that their operating balance result remains damaged over the last few months and anticipate a slight decline in the coming months.

The general outlook stays well below its long-term average.

Employment remains degraded

In services except temporary employment agencies, business leaders are more likely to report a decline in employement over the recent period. They remain pessimistic in their expectations for recruitment.

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).

Table_quarter – Economic outlook in the services sector

Balances of opinion, in %, seasonally adjusted
Economic outlook in the services sector
Average* July 12 Aug. 12 Sept. 12 Oct. 12
Business climate synthetic indicator 100 87 85 87 86
General outlook –6 –21 –22 –24 –25
Past activity 3 –13 –11 –16 –12
Expected activity 3 –9 –13 –6 –6
Expected demand 1 –9 –15 –13 –13
Business situation 0 –16 –16 –20 –17
Past selling prices –3 –7 –8 –10 –9
Expected selling prices –1 –5 –8 –7 –11
Past employment 3 –16 –2 –7 –13
except temporary work agencies 1 –6 –4 –7 –9
Expected employment 3 –4 –8 –5 –6
except temporary work agencies 0 –8 –6 –6 –6
Investments
Past investments 2 –6 –8 –8 –4
Expected investments 1 –7 –8 –4 –5
Operating balance result
Past result –1 –16 –17
Expected result –1 –14 –16
Cash position –10 –15 –14
Difficulties of supply and demand
difficulties of supply and demand 9 11 11
difficulties of supply only 23 21 18
difficulties of demand only 30 40 41
Difficulties in recruitment 30 19 20
  • * Average of the balances of opinion since 1988
  • Source: Insee