24 November 2015
2015- n° 285In November 2015, the French business climate remains favourable Business climate indicator and turning point indicator - November 2015
In November 2015, the business climate indicator remains favourable. The composite indicator, compiled from the answers of business managers in the main sectors, stands at 102, above its long-term average (100). The business climate indicator has gone up by one point in wholesale and retail trade, and in building construction. It is stable in services and has lost one point in manufacturing.
Warning: the results of this survey take into account answers until 19 November inclusive. The large majority of responses were registered before the attacks of 13 November.
The business climate is stable
In November 2015, the business climate indicator remains favourable.
The composite indicator, compiled from the answers of business managers in the main sectors, stands at 102, above its long-term average (100). The business climate indicator has gone up by one point in wholesale and retail trade, and in building construction. It is stable in services and has lost one point in manufacturing.
The turning point indicator remains in the favorable area
The global turning point indicator remains in the area indicating a favourable short-term economic outlook.
graphiqueGraph_climaff – French business climate composite indicator
graphiqueGraph_indicret – Turning point indicator
- Close to +1 (resp. –1): favourable business climate (unfavourable)
tableauTableau – Business climate and turning point indicators
| July 15 | Aug. 15 | Sept. 15 | Oct. 15 | Nov. 15 | |
|---|---|---|---|---|---|
| Composite indicators | |||||
| France | 99 | 100 | 100 | 102 | 102 |
| Manufacturing | 103 | 103 | 104 | 103 | 102 |
| Wholesale trade | 103 | - | 100 | - | 101 |
| Building construction | 90 | 91 | 91 | 90 | 91 |
| Retail trade | 105 | 107 | 109 | 110 | 111 |
| Services | 96 | 98 | 97 | 101 | 101 |
| Turning point indicators | |||||
| France | 0.6 | 1.0 | 0.8 | 0.7 | 0.7 |
| Manufacturing | 0.4 | 0.6 | 0.7 | 0.0 | –0.1 |
| Wholesale trade | 1.0 | - | 0.1 | - | 0.3 |
| Building construction | 0.5 | 0.6 | 0.5 | –0.1 | –0.2 |
| Services | 0.8 | 1.0 | –0.1 | 0.9 | 0.9 |
- Source: INSEE, Business tendency surveys
Revisions
Since its first estimate, the business climate in France has been revised upward by one point in October 2015. This slight revision comes from late answers from businesses that have been taken into account.
Documentation
Methodology (pdf,125 Ko)
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