A moderate improvement of the economic climate in services in October 2010Monthly survey of services - October 2009

According to business leaders surveyed in October, the economic situation in services has slightly improved. The synthetic indicator now gets to 101 and goes beyond its long term average for the first time since June 2008.

Informations rapides
No 259
Paru le : 21/10/2010
Prochaine parution le : 21/12/2017 at 08:45 - December 2017

According to business leaders surveyed in October, the economic situation in services has slightly improved. The synthetic indicator now gets to 101 and goes beyond its long term average for the first time since June 2008.

The general outlook also clearly improved, and is now eight points beyond its July level.

The business leaders surveyed consider that their activity kept rising during the last few months, despite the drop in their past operating balance result. They are confident in the following months. According to them, demand should be a bit more sustained in the next few months, and activity and operating balance result should follow their rising trend.

Graph1 – Business climate synthetic indicator

Graph2 – Activity

Table_quarter – Economic outlook in the services sector

Balances of opinion, in %, seasonally adjusted
Economic outlook in the services sector
Average* June 10 July 10 Sept. 10 Oct. 10
Business climate synthetic indicator 100 98 98 99 101
General outlook –5 –8 –8 –5 0
Past activity 4 2 9 4 4
Expected activity 4 –1 –5 0 3
Expected demand 1 –1 –3 –2 4
Business situation 0 1 1 –2 1
Past selling prices –2 –8 –6 –8 –6
Expected selling prices –1 –5 –10 –5 –3
Past employment 3 5 5 7 7
except temporary work agencies 1 0 0 –3 0
Expected employment 3 0 –3 6 6
except temporary work agencies 0 –3 –7 –3 –1
Investments
Past investments 2 –1 4 3 0
Expected investments 1 5 –2 –3 4
Operating balance result
Past result –1 5 –5
Expected result 0 –6 –1
Cash position –10 –11 –10
Difficulties of supply and demand
difficulties of supply and demand 9 11 9
difficulties of supply only 23 22 22
difficulties of demand only 29 35 32
Difficulties in recruitment 32 20 21
  • * Average of the balances of opinion since 1988
  • Source: Insee