In October 2016, the French business climate is stableBusiness climate indicator and turning point indicator - October 2016

In October 2016, the business climate indicator is stable for the second consecutive month. The composite indicator, compiled from the answers of business managers in the main sectors, stands at 101, slightly above its long-term average (100). The climate has lost two points in retail trade, one point in services and manufacturing. However, it is stable in building construction.

Informations rapides
No 276
Paru le : 25/10/2016
Prochaine parution le : 21/12/2017 at 08:45 - December 2017

The French business climate remains sligthly above its long-term average

In October 2016, the business climate indicator is stable for the second consecutive month. The composite indicator, compiled from the answers of business managers in the main sectors, stands at 101, slightly above its long-term average (100). The climate has lost two points in retail trade, one point in services and manufacturing. However, it is stable in building construction.

Graph_climaff – French business climate composite indicator

Since its first estimate, the business climate indicator of September 2016 in France has been slightly lowered and the rounded figure has switched to 101. The business climate indicator in services has been slightly revised downwards, without affecting the rounded figure. Conversely, the composite indicator has been raised in building construction (+1 point). Those slight revisions come from late answers that have been taken into account.

Tableau – Business climate and turning point indicators

Business climate and turning point indicators
June 16 July 16 Aug. 16 Sept. 16 Oct. 16
Composite indicators
France 100 102 101 101 101
Manufacturing 102 103 101 103 102
Wholesale trade - 104 - 99 -
Building construction 95 95 95 96 96
Retail trade 102 104 103 102 100
Services 98 101 101 102 101
Turning point indicators
France –0.7 0.1 –0.2 0.6 0.0
Manufacturing –0.4 0.0 –0.1 0.2 0.1
Wholesale trade - 0.2 - –0.4 -
Building construction –0.1 0.7 –0.4 0.2 –0.2
Services –0.5 0.2 –0.4 –0.2 –0.4
  • Source: INSEE, Business tendency surveys

Graph_indicret – Turning point indicator

  • Close to +1 (resp. −1): favourable business climate (unfavourable), between +0.3 and −0.3: uncertainty area.

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

Documentation

Methodology (pdf, 125 Ko)