23 February 2017
2017- n° 50In February 2017, the French business climate holds firm above its long-term average Business climate indicator and turning point indicator - February 2017
In Febrary 2017, the business climate remains favourable, confirming the positive trend since last December. The composite indicator, compiled from the answers of business managers in the main sectors, stands four points above its long-term average (100). The climate has gained one point in industry. It is stable in building construction and services. In contrast, it has lost three points in retail trade.
The French business climate indicator confirms the upturn started in December 2016
In Febrary 2017, the business climate remains favourable, confirming the positive trend since last December. The composite indicator, compiled from the answers of business managers in the main sectors, stands four points above its long-term average (100). The climate has gained one point in industry. It is stable in building construction and services. In contrast, it has lost three points in retail trade.
graphiqueGraph1 – French business climate composite indicator
Revisions
Compared to its first estimate of January 2017, the business climate index in services has been raised by 1 point because of late businesses' answers that have been taken into account.
tableauTable – Business climate and turning point indicators
| Oct. 16 | Nov. 16 | Dec. 16 | Jan. 17 | Feb. 17 | |
|---|---|---|---|---|---|
| Composite indicators | |||||
| France | 102 | 102 | 105 | 104 | 104 |
| Manufacturing | 103 | 102 | 106 | 106 | 107 |
| Building construction | 96 | 99 | 98 | 99 | 99 |
| Services | 101 | 102 | 106 | 103 | 103 |
| Retail trade | 100 | 104 | 107 | 106 | 103 |
| Wholesale trade | - | 98 | - | 102 | - |
| Turning point indicators | |||||
| France | 0,2 | 0,3 | 0,6 | 0,4 | 0,7 |
| Manufacturing | 0,3 | 0,4 | 0,7 | 0,8 | 0,8 |
| Building construction | –0,2 | 0,3 | 0,4 | 0,7 | 0,7 |
| Services | –0,4 | –0,2 | 0,8 | 0,2 | 0,6 |
| Wholesale trade | - | 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.
The turning point indicator for the French economy as a whole remains in the area showing a favourable economic outlook.
Documentation
Methodology (pdf,125 Ko)
Pour en savoir plus
