In February 2017, the French business climate holds firm above its long-term averageBusiness 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.

Informations rapides
No 50
Paru le : 23/02/2017
Prochaine parution le : 25/07/2017 at 08:45 - July 2017

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.

Graph1 – 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.

Table – Business climate and turning point indicators

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

Graph2 – 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)