25 January 2017
2017- n° 17In January 2017, the French business climate falters slightly Business climate indicator and turning point indicator - January 2017
In January 2017, the business climate has decreased slightly after a sharp rise in December. The composite indicator, compiled from the answers of business managers in the main sectors, has lost one point (after +3 points). However, at 104, it stands still above its long term average (100). The climate has gained four points in wholesale trade and one point in building construction. It is stable in industry. In contrast, it has lost four points in services and one point in retail trade.
The French business climate indicator has lost one point
In January 2017, the business climate has decreased slightly after a sharp rise in December. The composite indicator, compiled from the answers of business managers in the main sectors, has lost one point (after +3 points). However, at 104, it stands still above its long term average (100). The climate has gained four points in wholesale trade and one point in building construction. It is stable in industry. In contrast, it has lost four points in services and one point in retail trade.
graphiqueGraph1 – French business climate composite indicator
The turning point indicator for the French economy as a whole remains in the area showing a favourable economic outlook.
Revisions
Compared to their first estimation, some indicators have been revised because of late businesses' answers that have been taken into account. The business climate index of November 2016 in wholesale trade has been raised by 2 points and the turning point indicator of December 2016 in France has been revised upwards by +0.1 points.
tableauTable – Business climate and turning point indicators
| Sept. 16 | Oct. 16 | Nov. 16 | Dec. 16 | Jan. 17 | |
|---|---|---|---|---|---|
| Composite indicators | |||||
| France | 101 | 102 | 102 | 105 | 104 |
| Manufacturing | 103 | 103 | 102 | 106 | 106 |
| Building construction | 96 | 96 | 99 | 98 | 99 |
| Services | 102 | 101 | 102 | 106 | 102 |
| Retail trade | 102 | 100 | 104 | 107 | 106 |
| Wholesale trade | 98 | - | 98 | - | 102 |
| Turning point indicators | |||||
| France | 0.6 | 0.2 | 1.0 | 1.0 | 0.8 |
| Manufacturing | 0.2 | 0.3 | 0.4 | 0.7 | 0.8 |
| Building construction | 0.2 | –0.2 | 0.3 | 0.4 | 0.5 |
| Services | –0.2 | –0.4 | –0.2 | 0.8 | 0.2 |
| Wholesale trade | –0.4 | - | 0.0 | - | 0.9 |
- Source: INSEE, Business tendency surveys
graphiqueGraph2 – Turning point indicator
- Close to +1 (resp. −1): favourable business climate (unfavourable), between +0.3 and −0.3: uncertainty area.
Documentation
Methodology (pdf,125 Ko)
Pour en savoir plus
