In March 2016, the French business climate is virtually stableBusiness climate indicator and turning point indicator - March 2016

In March 2016, the business climate indicator is virtually stable. The composite indicator, compiled from the answers of business managers in the main sectors, has lost one point and has returned to its long-term average (100). The business climate indicator has fallen by two points in manufacturing and by one point in services. Conversely, it has risen by three points in retail trade and by one point in wholesale trade. It is stable for building construction.

Informations rapides
No 74
Paru le : 24/03/2016
Prochaine parution le : 24/10/2017 at 08:45 - October 2017

The French business climate has lost one point

In March 2016, the business climate indicator is virtually stable. The composite indicator, compiled from the answers of business managers in the main sectors, has lost one point and has returned to its long-term average (100). The business climate indicator has fallen by two points in manufacturing and by one point in services. Conversely, it has risen by three points in retail trade and by one point in wholesale trade. It is stable for building construction.

Graph_climaff – French business climate composite indicator

The turning point indicator has fallen into the uncertainty area

The turning point indicator for the French economy as a whole has fallen into the area showing an uncertain short-term economic outlook.

Tableau – Business climate and turning point indicators

Business climate and turning point indicators
Nov. 15 Dec. 15 Jan. 16 Feb. 16 March 16
Composite indicators
France 102 101 102 101 100
Manufacturing 102 102 103 103 101
Wholesale trade 101 - 101 - 102
Building construction 91 92 93 92 92
Retail trade 109 104 105 101 104
Services 101 98 100 100 99
Turning point indicators
France 0,7 0,6 0,8 0,8 –0,2
Manufacturing –0,1 0,1 0,6 0,6 –0,1
Wholesale trade 0,4 - –0,9 - 0,0
Building construction –0,6 0,2 0,4 0,5 0,5
Services 0,8 –0,3 0,1 0,3 0,0
  • Source: INSEE, Business tendency surveys

Graph_indicret – Turning point indicator

  • Close to +1 (resp. −1): favourable business climate (unfavourable). Between −0.3 and +0.3, uncertain short-term economic outlook.

Revisions

Since its first estimate, the business climate in France in February 2016 has been revised upward by one point. It has also been revised in services (+1 point) and retail trade (–2 points). Those slight revisions come from late answers from businesses that have been taken into account.

Documentation

Methodology (pdf, 125 Ko)