In May 2016, the French business climate improvesBusiness climate indicator and turning point indicator - May 2016

In May 2016, the business climate indicator has improved slightly again. The composite indicator, compiled from the answers of business managers in the main sectors has gained one point. At 102, it stands slightly above its long-term average (100). It has gained four points in retail trade, two points in services and one point in wholesale trade. It is stable in building construction and it has lost one point in manufacturing.

Informations rapides
No 135
Paru le : 24/05/2016
Prochaine parution le : 26/09/2017 at 08:45 - September 2017

The French business climate has gained one point

In May 2016, the business climate indicator has improved slightly again. The composite indicator, compiled from the answers of business managers in the main sectors has gained one point. At 102, it stands slightly above its long-term average (100). It has gained four points in retail trade, two points in services and one point in wholesale trade. It is stable in building construction and it has lost one point in manufacturing.

The turning point indicator for the French economy as a whole is in the area showing a favourable short-term economic outlook.

Graph_climaff – French business climate composite indicator

Graph_indicret – Turning point indicator

  • How to read it: close to +1 (resp. -1) : favourable business climate (unfavourable)

Tableau – Business climate and turning point indicators

Business climate and turning point indicators
Jan. 16 Feb. 16 March 16 April 16 May 16
Composite indicators
France 102 101 100 101 102
Manufacturing 103 103 102 105 104
Wholesale trade 101 - 100 - 101
Building construction 93 92 92 95 95
Retail trade 105 101 104 102 106
Services 100 100 99 98 100
Turning point indicators
France 0.8 0.8 –0.2 0.1 0.3
Manufacturing 0.6 0.4 –0.2 0.1 0.1
Wholesale trade –0.9 - –0.3 - 0.2
Building construction 0.4 0.5 0.5 0.9 0.9
Services 0.1 0.3 –0.3 –0.4 –0.1
  • Source: INSEE, Business tendency surveys

Revisions

Compared to its first estimate, the business climate in France is unchanged. Nonetheless, the business climate indicators in manufacturing and in building construction in April 2016 have been revised upward by one point. The business climate indicator in wholesale trade in March 2016 has been revised downward by two points. Those revisions are due to late answers from businesses that have been taken into account.

Documentation

Methodology (pdf, 125 Ko)