In August 2014, the business climate in services is unchangedMonthly survey of services - August 2014

According to business managers, the economic situation in services has remained almost stable in August 2014. The business climate composite indicator has dropped by one point and stands at 93, still below its long-term average (100). The turning point indicator still indicates a favorable dynamic.

Informations rapides
No 194
Paru le : 27/08/2014
Prochaine parution le : 21/12/2017 at 08:45 - December 2017

All services sector

According to business managers, the economic situation in services has remained almost stable in August 2014. The business climate composite indicator has dropped by one point and stands at 93, still below its long-term average (100). The turning point indicator still indicates a favorable dynamic.

The balance on the general outlook, which relates the assessment of business leaders over their whole sector, has lost two points. It remains below its long-term average.

Business managers consider that activity has remained deteriorated in the recent period. After an improvement in July, business managers’ expectations of activity are stable in August, still below their long-term average.

The balances of opinion on past and expected employment lie just below their long-term averages.

Table_quarter – Economic outlook in the services sector

Balances of opinion, in %, seasonally adjusted
Economic outlook in the services sector
Average* May 14 June 14 July 14 Aug. 14
Composite indicator 100 91 92 94 93
General outlook –8 –15 –16 –16 –18
Past activity 2 –2 –8 –7 –7
Expected activity 2 –11 –7 –3 –3
Expected demand 0 –9 –9 –7 –8
Business situation –3 –5 –9 –13 –11
Past selling prices –3 –12 –10 –8 –9
Expected selling prices –2 –10 –9 –10 –9
Past employment 3 2 0 1 2
except temporary work agencies 1 –4 –3 –1 –2
Expected employment 2 –3 –2 –3 –1
except temporary work agencies –1 –4 –3 –6 –2
Investments
Past investments 1 –3 –3 –1 0
Expected investments 1 –5 –1 1 1
  • * Average of the balances of opinion since 1988
  • Source: Insee

Graph1 – Composite indicator

graph_retourn – Turning point indicator

  • Note: close to 1 (respectively -1), this indicator indicates a favorable short-term economic situation (respectively unfavorable).

Graph2 – Activity

Road transport

In road freight and mail activities, the balance of opinion on past activity has recovered. Conversely, the balances of opinion on expected activity and expected demand have gone down.

Accommodation and food service activities

In accommodation and food service activities, business managers consider that their activity has accelerated over the recent period. Their business prospects over the next few months have recovered.

Information and communication

In information and communication, the balance of opinion on past activity has remained below its long-term average. Compared with July, business managers have hardly changed their forecasts of activity and demand.

Real estate activities

In real estate activities, the balances of opinion on past activity and on expected activity have remained virtually unchanged.

Professional, scientific and technical activities

In professional, scientific and technical activities, business managers consider that activity has slowed down in the recent months. Their business expectations have deteriorated.

Administrative and support service activities

In administrative and support service activities, the balance of opinion on past activity has remained stable below its long-term average. The balance of opinion on expected activity has increased.

graph_bonus_ – Expected activity

Table_det – Detailed data

Balances of opinion, in %, seasonally adjusted
Detailed data
A21 Average* May 14 June 14 July 14 Aug. 14
(H) Road transport
Past activity –8 –8 –2 –10 0
Expected activity –10 –8 –13 –6 –15
Expected demand –13 –13 –14 –6 –19
Past employment –8 –9 –10 –11 –9
Expected employment –11 –10 –9 –7 –7
(I) Accommodation and food service activities
Past activity –7 –9 –14 –18 –1
Expected activity –7 –14 –3 –6 0
Expected demand –9 –20 –7 –6 –10
Past employment –4 –9 –1 4 –2
Expected employment –5 –12 1 –10 –3
(J) Information and communication
Past activity 9 –8 –21 –9 –11
Expected activity 11 –27 –20 –2 –1
Expected demand 11 –2 –8 –2 –3
Past employment 7 –7 –11 –2 –2
Expected employment 11 –1 –4 –13 –8
(L) Real estate activities
Past activity 7 5 5 6 5
Expected activity 7 9 2 0 2
Expected demand 1 –5 –4 –3 0
Past employment 3 –5 –4 2 –2
Expected employment 2 –2 0 6 11
(M) Professional, scientific and technical activities
Past activity –1 –5 –6 –5 –8
Expected activity –2 –8 –3 –6 –12
Expected demand –5 –12 –12 –14 –15
Past employment 1 1 3 0 2
Expected employment 0 –1 –5 –1 –4
(N) Administrative and support service activities
Past activity 6 8 –3 –4 –4
Expected activity 5 –3 –2 3 8
Expected demand 3 –5 –7 –2 –3
Past employment 8 15 6 6 7
Expected employment 6 2 –1 7 4
  • * Average of the balances of opinion since 1988 (2006 for road transport)