24 May 2016
2016- n° 135In May 2016, the French business climate improves Business 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.
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.
graphiqueGraph_climaff – French business climate composite indicator
graphiqueGraph_indicret – Turning point indicator
- How to read it: close to +1 (resp. -1) : favourable business climate (unfavourable)
tableauTableau – 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)
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