25 October 2016
2016- n° 276In October 2016, the French business climate is stable Business 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.
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.
graphiqueGraph_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.
tableauTableau – 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
graphiqueGraph_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)
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