In April 2015, the business climate has remained over its average in the retail trade and in the trade and repair of motor vehiclesMonthly survey of retailing - April 2015

According to the managers surveyed in April 2015, the business climate has remained over its average in the retail trade and in the trade and repair of motor vehicles. The corresponding synthetic indicator is almost stable (-1 point) and has stayed over its long term average since the beginning of the year.

Informations rapides
No 95
Paru le : 23/04/2015
Prochaine parution le : 26/09/2017 at 08:45 - September 2017

According to the managers surveyed in April 2015, the business climate has remained over its average in the retail trade and in the trade and repair of motor vehicles. The corresponding synthetic indicator is almost stable (-1 point) and has stayed over its long term average since the beginning of the year.

graph_indsynt_en – Business climate synthetic indicator

Optimistic business outlook

More business leaders than in March have declared a rise in their recent sales. The corresponding balance has significantly progressed in motor car trade but has declined again in retail trade.

Each of the two balances concerning expected sales and ordering intentions has decreased but remains above its average. General business outlook are a little more optimistic.

Stocks have been estimated stable at their standard level.

As many business leaders as over the last month have expected price falls over the next few months.

Graph_ventes_ic_en – Recent sales and ordering intentions

tab1_en – Global data

Balances of opinion, in %, S.A.
Global data
Ave. (1) Jan. 15 Feb. 15 March 15 April 15
Business climate 100 103 101 104 103
General business outlook –30 –31 –33 –29 –26
Recent sales –7 –8 –3 –6 –3
Expected sales –3 –3 –2 5 –2
Ordering intentions –9 –2 –6 –3 –5
Stocks 11 10 9 11 11
Past selling prices (2) –6 –18 –12
Expected selling prices –3 –9 –10 –8 –7
Cash position (2) –15 –17 –19
Workforce size: recent trend 0 –4 –2 –8 –5
Workforce size: future trend –3 –9 –8 –5 –7
  • (1) Average since 1991 (2004 for recent and expected sales and ordering intentions).
  • (2) Bi-monthly question (odd-numbered months).
  • Source: monthly survey in the retail trade and in the trade and repair of motor vehicles - INSEE

Persistent pessimism about employment

The balance concerning recent trend on workforce size has slightly increased, the future trend one has moderatly dropped. Each of both has remained under its mean level.

Retail trade

Unstressed past and expected activities

More non-specialised retailers than in March have declared a fall in their past sales. The corresponding balance has become slightly under its average. In specialised retail trade, activity has remained particularly grim.

In retail trade, forecasts have been uncertain: expected sales have decreased, the corresponding balance going under its long term average, but ordering intentions have been almost stable, the balance staying near its average.

Retailers have estimed that their stocks are somewhat lower. They have come back to their standard level.

Fewer business leaders than over the last month have anticipated price falls over the next few months.

Trade and repair of motor vehicles

Very optimistic activity

In the trade and repair of motor vehicles, more managers have indicated a new progress in their past sales. The corresponding balance has reached its highest level since the end of 2011. If the expected sales balance has declined, the ordering intentions one has sped up and each of both has remained significantly over its average.

graph_ventes_ic_auto_en – Recent sales and ordering intentions in motor vehicles

The level of stocks is considered higher, over its standard level.

The expected prices balance is almost stable and near its mean level.

tab2_en – Detailed data

Balances of opinion, in %, S.A.
Detailed data
Ave. (1) Jan. 15 Feb. 15 March 15 April 15
Retail trade - Global data
Recent sales –6 –14 –5 –8 –11
Expected sales –1 –7 0 3 –4
Ordering intentions –7 –5 –5 –6 –8
Stocks 10 7 6 12 10
Past selling prices (2) –8 –26 –19
Expected selling prices –5 –14 –13 –14 –12
Cash position (2) –13 –18 –18
Workforce size: recent trend 1 –1 0 –9 –5
Workforce size: future trend –2 –10 –7 –6 –9
Non-specialised retail trade
Recent sales –2 –1 10 5 0
Expected sales 5 –11 10 16 7
Ordering intentions 1 –1 2 2 3
Stocks 7 0 6 13 11
Past selling prices (2) –8 –25 –25
Expected selling prices –5 –8 –11 –13 –11
Cash position (2) –7 –11 –10
Specialised retail trade
Recent sales –11 –29 –21 –25 –24
Expected sales –8 –17 –16 –15 –16
Ordering intentions –17 –24 –15 –18 –18
Stocks 14 15 6 10 9
Past selling prices (2) –8 –24 –16
Expected selling prices –5 –22 –16 –14 –13
Cash position (2) –22 –27 –29
Trade and repair of motor cars and motorcycles
Recent sales –11 8 –1 2 16
Expected sales –9 2 –6 11 5
Ordering intentions –13 –5 –5 6 10
Stocks 15 18 16 10 12
Past selling prices (2) 1 1 7
Expected selling prices 4 –8 –3 6 5
Cash position (2) –25 –19 –19
Workforce size: recent trend –10 –15 –10 –7 –5
Workforce size: future trend –8 –7 –6 –2 –1
  • (1) Average since 1991 (2003 for trade and repair of motor vehicles and 2004 for recent and expected sales and ordering intentions).
  • (2) Bi-monthly question (odd-numbered months).
  • Source: monthly survey in the retail trade and in the trade and repair of motor vehicles - INSEE