23 June 2016
2016- n° 165In June 2016, the French business climate returns to its long-term average Business climate indicator and turning point indicator - June 2016
In June 2016, the business climate indicator has fallen back. The composite indicator, compiled from the answers of business managers in the main sectors, has lost two points and has returned to its long-term average (100). The climate has lost three points in services, two points in manufacturing and one point in retail trade. It is stable in building construction.
Warning: From now on, the business climate indicators in retail trade and in services are estimated using a new method (cf. related methodological notes).
The French business climate has fallen back
In June 2016, the business climate indicator has fallen back. The composite indicator, compiled from the answers of business managers in the main sectors, has lost two points and has returned to its long-term average (100). The climate has lost three points in services, two points in manufacturing and one point in retail trade. It is stable in building construction.
graphiqueGraph_climaff – French business climate composite indicator
Compared to its first estimate, the business climate in France is unchanged. Nonetheless, the business climate indicator in retail trade has been lowered by two points while the indicator in services has been raised by one point. Those revisions are due on the one hand to methodological changes and on the other hand to the update of the seasonal adjustment coefficients.
tableauTableau – Business climate and turning point indicators
| Feb. 16 | March 16 | April 16 | May 16 | June 16 | |
|---|---|---|---|---|---|
| Composite indicators | |||||
| France | 101 | 101 | 101 | 102 | 100 |
| Manufacturing | 103 | 102 | 105 | 104 | 102 |
| Wholesale trade | - | 100 | - | 101 | - |
| Building construction | 92 | 92 | 95 | 95 | 95 |
| Retail trade | 99 | 100 | 99 | 104 | 103 |
| Services | 101 | 100 | 99 | 101 | 98 |
| Turning point indicators | |||||
| France | 0,8 | –0,3 | 0,0 | 0,1 | –0,7 |
| Manufacturing | 0,4 | –0,2 | 0,1 | 0,0 | –0,4 |
| Wholesale trade | - | –0,3 | - | 0,2 | - |
| Building construction | 0,5 | 0,5 | 0,9 | 0,9 | –0,1 |
| Services | 0,9 | 0,4 | 0,3 | 0,8 | –0,5 |
- Source: INSEE, Business tendency surveys
graphiqueGraph_indicret – Turning point indicator
The turning point indicator for the French economy as a whole is in the area showing an unfavourable short-term economic outlook.
Documentation
Methodology (pdf,125 Ko)
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