24 March 2016
2016- n° 74In March 2016, the French business climate is virtually stable Business 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.
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.
graphiqueGraph_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.
tableauTableau – 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
graphiqueGraph_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)
Pour en savoir plus
