27 August 2015
2015- n° 206In August 2015, the business climate has increased again in services Monthly survey of services - August 2015
According to business managers, the business climate in services has improved again in August 2015. The business climate composite indicator has increased by two points and stands at 99; this level is very close to its long-term average (100). The turning point indicator is in the favourable area.
All services
According to business managers, the business climate in services has improved again in August 2015. The business climate composite indicator has increased by two points and stands at 99; this level is very close to its long-term average (100). The turning point indicator is in the favourable area.
graphiqueGraph1 – Business climate composite indicator
graphiquegraph_retourn – Turning point indicator
- Note: close to 1 (respectively -1), this indicator indicates a favourable short-term economic situation (respectively unfavourable).
The balance on the general outlook, which relates the assessment of business leaders over their whole sector, has decreased slightly.
The balances on activity have improved significantly. Even if business leaders remain less optimistic than in average on their past activity, their expectations on activity are above their long-term average.
The balance on expected employment has gone up sharply, whereas the balance on past employment is virtually stable. Both balances stand above their long-term average.
The balances on past and expected investments are almost stable, slightly above their long-term average.
tableauTable_quarter – Economic outlook in the services sector
| Average* | May 15 | June 15 | July 15 | Aug. 15 | |
|---|---|---|---|---|---|
| Composite indicator | 100 | 95 | 95 | 97 | 99 |
| General outlook | –8 | –13 | –12 | –10 | –11 |
| Past activity | 2 | –5 | –8 | –7 | –4 |
| Expected activity | 2 | –6 | –4 | –1 | 3 |
| Expected demand | –1 | –5 | –6 | –3 | –1 |
| Past selling prices | –4 | –12 | –11 | –8 | –5 |
| Expected selling prices | –2 | –6 | –6 | –9 | –7 |
| Past employment | 2 | –4 | –4 | 7 | 8 |
| except temporary work agencies | 1 | –3 | –2 | 2 | 1 |
| Expected employment | 2 | 4 | 1 | 2 | 9 |
| except temporary work agencies | –1 | –2 | –3 | –3 | –1 |
| Investments | |||||
| Past investments | 1 | 4 | 3 | 2 | 3 |
| Expected investments | 1 | 4 | 1 | 3 | 4 |
- * Average of the balances of opinion since 1988
- Source: INSEE
Road transport
In road freight, the balance on past activity has increased markedly and stands above its long-term average. However, more business leaders than in July are pessimistic on their expected activity, even if the corresponding balance stay above its long-term average.
Accommodation and food service activities
In accommodation and food service activities, the balances on past and expected activity have recovered significantly, the balance on expected demand has increased again. The balance on past employment has gone down whereas the balance on expected employment have increased strongly. All the balances stand above their long-term average.
Information and communication
In information and communication, the balance on past activity has increased slightly. The balance on expected activity has improved sharply, exceeding its long-term average. The balance on expected employment has gone up but remain below its long-term average.
Real estate
In real estate, the balance of opinion on past activity remains stable. Nevertheless, expectations on activity and demand have picked up markedly and stand close to their long-term average.
Professional, scientific and technical activities
In professional, scientific and technical activities, the balance of opinion on past activity is virtually stable. The balances on expected activity, demand and employment have decreased.
Administrative and support service activities
In administrative and support service activities, the balance of opinion on past activity has increased again. The expectations on activity and demand stay optimistic. The balances on employment have risen again and stand far above their long-term average.
graphiquegraph_bonus_ – Past activity
tableauTable_det – Detailed data
| A21 | Average* | May 15 | June 15 | July 15 | Aug. 15 |
|---|---|---|---|---|---|
| (H) Road transport | |||||
| Past activity | –8 | –6 | –3 | –17 | –6 |
| Expected activity | –10 | –11 | –11 | –3 | –7 |
| Expected demand | –13 | –14 | –12 | –11 | –7 |
| Past employment | –8 | –10 | –8 | –7 | –6 |
| Expected employment | –11 | –12 | –7 | –3 | –5 |
| (I) Accommodation and food service activities | |||||
| Past activity | –7 | –7 | –1 | –15 | –2 |
| Expected activity | –7 | –9 | –10 | –15 | –4 |
| Expected demand | –9 | –13 | –15 | –10 | –3 |
| Past employment | –4 | 3 | 8 | 13 | 6 |
| Expected employment | –5 | 9 | –8 | –12 | 1 |
| (J) Information and communication | |||||
| Past activity | 8 | –12 | –25 | –11 | –9 |
| Expected activity | 10 | –15 | –2 | 9 | 18 |
| Expected demand | 11 | 5 | 5 | 10 | 8 |
| Past employment | 6 | –5 | –4 | –8 | –8 |
| Expected employment | 10 | 3 | –1 | –3 | 6 |
| (L) Real estate activities | |||||
| Past activity | 7 | 1 | 13 | 2 | 2 |
| Expected activity | 7 | 11 | 0 | 0 | 6 |
| Expected demand | 1 | –1 | –5 | –6 | 1 |
| Past employment | 3 | –3 | –6 | 3 | –3 |
| Expected employment | 2 | –7 | –6 | –4 | 2 |
| (M) Professional, scientific and technical activities | |||||
| Past activity | –1 | –3 | –7 | –8 | –7 |
| Expected activity | –2 | –8 | –6 | –5 | –8 |
| Expected demand | –6 | –10 | –8 | –6 | –9 |
| Past employment | 1 | 1 | –2 | 0 | 2 |
| Expected employment | 0 | –4 | –4 | –2 | –6 |
| (N) Administrative and support service activities | |||||
| Past activity | 5 | –3 | –7 | 7 | 12 |
| Expected activity | 5 | 3 | 2 | 7 | 7 |
| Expected demand | 2 | 0 | –3 | 1 | 4 |
| Past employment | 8 | –3 | –2 | 22 | 24 |
| Expected employment | 6 | 14 | 10 | 17 | 26 |
- * Average of the balances of opinion since 1988 (2006 for road transport)
Documentation
Methodology (2016) (pdf,158 Ko)
Pour en savoir plus
Time series : Economic outlook surveys – Services
