In March 2016, the business climate is almost unchanged in servicesMonthly survey of services - March 2016

According to business managers surveyed in March 2016, the business climate in services is virtually stable. The business climate composite indicator has decreased by one point and has fallen back (99) slightly below its long-term average (100). The turning point indicator stays in the uncertainty area.

Informations rapides
No 76
Paru le : 24/03/2016
Prochaine parution le : 26/09/2017 at 08:45 - September 2017

All services

According to business managers surveyed in March 2016, the business climate in services is virtually stable. The business climate composite indicator has decreased by one point and has fallen back (99) slightly below its long-term average (100). The turning point indicator stays in the uncertainty area.

Graph1 – Business climate composite indicator

graph_retourn – Turning point indicator

  • Note: close to 1 (respectively -1), this indicator indicates a favourable short-term economic situation (respectively unfavourable). Between +0.3 and -0.3: uncertainty area.

The balance of opinion on the general outlook, which relates the assessment of business leaders over their whole sector, remains at its long-term average.

The balance on past activity is unchanged, slightly below its long-tem average. However, the balances on expected activity and demand have decreased; the balance on demand has fallen back just below its long-term average.

The balances on employment remain above their long-term average, particularly in temporary work agencies, even if the balance on expected employment has fallen back to its level of January.

The balances on past and expected investments are stable above their long-term average.

Table_quarter – Economic outlook in the services sector

Balances of opinion, in %, seasonally adjusted
Economic outlook in the services sector
Average* Dec. 15 Jan. 16 Feb. 16 March 16
Composite indicator 100 98 100 100 99
General outlook –8 –9 –4 –8 –8
Past activity 2 –1 –2 0 0
Expected activity 2 –2 –1 0 –2
Expected demand –1 –4 –1 1 –2
Past selling prices –4 –7 –7 –10 –9
Expected selling prices –3 –10 –12 –4 –4
Past employment 3 11 11 7 9
except temporary work agencies 1 2 4 3 7
Expected employment 2 7 8 11 8
except temporary work agencies –1 2 0 2 –1
Investments
Past investments 1 7 5 6 6
Expected investments 1 7 6 3 3
  • * Average of the balances of opinion since 1988
  • Source: INSEE, business survey in services

Revisions

The business climate in services in February 2016 has been revised upward by one point since its first estimate, because of late businesses' answers that have been taken into account.

Road transport

In road freight, the balances on activity and demand have increased. They are superior to their long-term average. The balances on employment are virtually stable, above their long-term average.

Accommodation and food services

In accommodation and food service activities, the balance on past activity has improved. However, the expectations on activity and demand have deteriorated. The corresponding balances have returned to their long-term average.

Information and communication

In information and communication, the balance on past activity has fallen back below its long-term average. The balances on expected activity and demand have decreased slightly ; the balance on expected demand stays close to its long-term average.

Real estate

In real estate, the balance on past activity has dropped significantly. The expectations on activity and demand have deteriorated too. Those balances have deviated further from their long-term average. The balance on past employment has recovered whereas the balance on expected employment has decreased again.

Professional, scientific and technical activities

In professional, scientific and technical activities, the balance on past activity has recovered and has returned to above its long-term average. The expectations on activity and demand are virtually stable. The balance on past employment has increased again but the balance on expected employment has gone down and has come back slightly below its long-term average.

Administrative and support service activities

In administrative and support service activities, the balance on past activity has improved markedly and has returned to above its long-term average. The balance on expected activity is stable and above its long-term average. The expectations on demand have slipped back but the corresponding balance remains above its long-term average. The balances on employment have decreased, albeit remaining above their long-term average, particularly in temporary work agencies.

graph_bonus_ – Past activity in services

Table_det – Detailed data

Balances of opinion, in %, seasonally adjusted
Detailed data
A21 Average* Dec. 15 Jan. 16 Feb. 16 March 16
(H) Road transport
Past activity –8 –6 –2 –8 –5
Expected activity –9 –4 –5 –5 –3
Expected demand –13 –14 –11 –10 –5
Past employment –8 –3 –3 –5 –6
Expected employment –11 –4 –3 –3 –1
(I) Accommodation and food service activities
Past activity –7 –10 –14 –5 1
Expected activity –7 –5 0 0 –6
Expected demand –9 –7 –3 –7 –9
Past employment –4 3 2 –5 5
Expected employment –5 –6 –7 7 6
(J) Information and communication
Past activity 8 –10 –6 8 0
Expected activity 10 0 0 2 0
Expected demand 10 1 14 11 9
Past employment 6 5 10 12 7
Expected employment 10 9 8 7 6
(L) Real estate activities
Past activity 7 5 8 –4 –14
Expected activity 7 –1 1 3 –2
Expected demand 1 –5 –5 –1 –8
Past employment 3 3 4 1 11
Expected employment 2 6 11 4 –4
(M) Professional, scientific and technical activities
Past activity –1 2 1 –2 1
Expected activity –2 –5 –5 –4 –5
Expected demand –6 –7 –8 –6 –6
Past employment 1 5 1 4 8
Expected employment 0 3 1 2 –1
(N) Administrative and support service activities
Past activity 6 9 3 2 11
Expected activity 5 3 5 8 8
Expected demand 3 2 1 9 4
Past employment 8 29 26 18 11
Expected employment 7 18 24 25 18
  • * Average of the balances of opinion since 1988 (2006 for road transport)