Informations rapides
24 April 2019
2019
In April 2019, the business climate has deteriorated in the manufacturing industry Monthly business survey (goods-producing industries) - April 2019

According to the business managers surveyed in April 2019, the business climate in industry has deteriorated. The composite indicator has lost two points after four months in a row at 103. However, it remains slightly above its long-term average (100).

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According to the business managers surveyed in April 2019, the business climate in industry has deteriorated. The composite indicator has lost two points after four months in a row at 103. However, it remains slightly above its long-term average (100).

Moreover, the business climate indicator of March 2019 has been revised upwards by one point due to some late responses to the survey.

Business climate in manufacturing - Composite indicator

Business climate in manufacturing - Composite indicator
Business climate in manufacturing - Composite indicator
1998-01 112.6
1998-02 113.1
1998-03 117.0
1998-04 115.2
1998-05 114.8
1998-06 115.1
1998-07 113.7
1998-08 112.7
1998-09 111.9
1998-10 106.7
1998-11 104.0
1998-12 102.1
1999-01 101.4
1999-02 101.8
1999-03 96.7
1999-04 98.3
1999-05 100.5
1999-06 99.6
1999-07 105.8
1999-08 109.0
1999-09 111.8
1999-10 113.3
1999-11 116.5
1999-12 114.1
2000-01 115.7
2000-02 117.5
2000-03 119.7
2000-04 119.7
2000-05 121.1
2000-06 124.0
2000-07 121.1
2000-08 121.3
2000-09 121.0
2000-10 120.0
2000-11 118.1
2000-12 114.1
2001-01 113.0
2001-02 112.8
2001-03 111.5
2001-04 107.2
2001-05 105.4
2001-06 103.8
2001-07 101.4
2001-08 98.5
2001-09 95.2
2001-10 94.8
2001-11 90.7
2001-12 92.1
2002-01 93.3
2002-02 94.8
2002-03 96.8
2002-04 98.3
2002-05 102.0
2002-06 100.3
2002-07 97.3
2002-08 98.0
2002-09 98.9
2002-10 95.6
2002-11 96.3
2002-12 100.8
2003-01 97.6
2003-02 97.2
2003-03 92.7
2003-04 91.7
2003-05 91.4
2003-06 89.7
2003-07 92.5
2003-08 92.3
2003-09 92.6
2003-10 95.5
2003-11 99.9
2003-12 100.5
2004-01 100.2
2004-02 100.5
2004-03 103.6
2004-04 103.3
2004-05 104.7
2004-06 105.4
2004-07 105.2
2004-08 105.3
2004-09 105.3
2004-10 105.1
2004-11 103.1
2004-12 103.3
2005-01 103.3
2005-02 103.2
2005-03 99.8
2005-04 96.5
2005-05 97.1
2005-06 99.0
2005-07 100.1
2005-08 99.6
2005-09 99.0
2005-10 101.0
2005-11 100.9
2005-12 104.0
2006-01 102.9
2006-02 106.5
2006-03 106.4
2006-04 107.9
2006-05 108.8
2006-06 108.6
2006-07 108.7
2006-08 108.3
2006-09 107.9
2006-10 107.2
2006-11 109.6
2006-12 109.2
2007-01 108.2
2007-02 111.7
2007-03 111.2
2007-04 111.9
2007-05 109.9
2007-06 111.1
2007-07 111.4
2007-08 110.8
2007-09 110.4
2007-10 109.9
2007-11 112.2
2007-12 112.4
2008-01 110.5
2008-02 110.3
2008-03 109.9
2008-04 107.4
2008-05 104.1
2008-06 103.4
2008-07 98.7
2008-08 97.8
2008-09 91.3
2008-10 86.8
2008-11 79.5
2008-12 73.1
2009-01 72.0
2009-02 68.0
2009-03 66.2
2009-04 70.1
2009-05 72.0
2009-06 74.9
2009-07 76.3
2009-08 81.0
2009-09 84.1
2009-10 85.3
2009-11 87.9
2009-12 87.7
2010-01 90.4
2010-02 88.9
2010-03 91.4
2010-04 95.5
2010-05 96.9
2010-06 96.0
2010-07 97.4
2010-08 100.7
2010-09 103.1
2010-10 104.4
2010-11 101.9
2010-12 104.3
2011-01 108.9
2011-02 107.2
2011-03 110.3
2011-04 110.2
2011-05 107.3
2011-06 110.0
2011-07 104.8
2011-08 101.2
2011-09 99.1
2011-10 97.3
2011-11 97.4
2011-12 94.5
2012-01 94.9
2012-02 94.8
2012-03 96.3
2012-04 95.5
2012-05 94.7
2012-06 92.9
2012-07 90.9
2012-08 92.8
2012-09 92.4
2012-10 86.9
2012-11 91.6
2012-12 90.7
2013-01 89.6
2013-02 90.4
2013-03 90.4
2013-04 87.6
2013-05 92.0
2013-06 92.6
2013-07 94.7
2013-08 98.6
2013-09 95.8
2013-10 97.9
2013-11 98.2
2013-12 99.3
2014-01 99.5
2014-02 98.3
2014-03 100.8
2014-04 100.3
2014-05 98.4
2014-06 96.6
2014-07 96.3
2014-08 96.6
2014-09 96.8
2014-10 97.4
2014-11 98.9
2014-12 98.6
2015-01 98.7
2015-02 98.4
2015-03 98.8
2015-04 101.4
2015-05 101.9
2015-06 100.2
2015-07 101.6
2015-08 103.7
2015-09 104.8
2015-10 103.1
2015-11 102.4
2015-12 102.2
2016-01 102.4
2016-02 102.7
2016-03 102.3
2016-04 104.6
2016-05 104.6
2016-06 101.3
2016-07 101.6
2016-08 101.8
2016-09 103.4
2016-10 101.9
2016-11 102.2
2016-12 105.4
2017-01 105.7
2017-02 106.4
2017-03 105.5
2017-04 108.4
2017-05 109.2
2017-06 108.8
2017-07 108.2
2017-08 110.6
2017-09 110.8
2017-10 110.8
2017-11 111.8
2017-12 111.2
2018-01 113.3
2018-02 112.1
2018-03 110.4
2018-04 110.1
2018-05 110.2
2018-06 109.6
2018-07 108.8
2018-08 109.7
2018-09 107.2
2018-10 104.0
2018-11 105.5
2018-12 102.7
2019-01 102.8
2019-02 102.8
2019-03 103.4
2019-04 101.1

Business climate in manufacturing - Composite indicator

  • Source: INSEE.

Industrialists’ opinion on manufacturing activity

Balance of opinion, in %, SA
Industrialists’ opinion on manufacturing activity (Balance of opinion, in %, SA)
Ave.* Jan. 19 Feb. 19 Mar. 19 Apr. 19
Manufacturing industry
Composite indicator 100 103 103 103 101
Past activity 5 7 9 6 -1
Finished-goods inventory 13 8 10 14 15
Overall order books -18 -12 -13 -11 -12
Export order books -14 -11 -9 -11 -11
Past workforce size -10 0 1 3 4
Expected workforce size -11 0 0 0 0
Personal production expectations 5 10 7 13 9
General production expectations -8 -11 -4 -1 -2
  • * Long-term average since 1976.
  • Source: INSEE - Monthly business tendency survey in industry

The balance of manufacturers’ opinion on past activity drops in April

The balance of opinion on past activity has again fallen, more sharply than in March : it has lost seven points in April and has moved well above its long-term average. Similarly, industrialists are less optimistic on their personal production expectations : the corresponding balance has slipped back but remains above its long-term average.

However, industrialists remain rather optimistic about the general production prospects for the sector as a whole. The corresponding balance has edged down while remaining well above its long-term average.

Turning-point indicator

Turning-point indicator
Turning-point indicator
2010-01 0.37
2010-02 -0.28
2010-03 0.21
2010-04 0.46
2010-05 0.41
2010-06 0.25
2010-07 0.3
2010-08 0.68
2010-09 0.89
2010-10 0.94
2010-11 -0.48
2010-12 0.67
2011-01 0.95
2011-02 0.72
2011-03 0.87
2011-04 0.75
2011-05 0.55
2011-06 0.69
2011-07 -0.62
2011-08 -0.97
2011-09 -0.96
2011-10 -0.84
2011-11 -0.6
2011-12 -0.81
2012-01 -0.89
2012-02 -0.64
2012-03 0.05
2012-04 -0.15
2012-05 -0.12
2012-06 -0.89
2012-07 -0.92
2012-08 0.32
2012-09 0.25
2012-10 -0.81
2012-11 0.47
2012-12 0.17
2013-01 0.07
2013-02 0.08
2013-03 -0.03
2013-04 -0.88
2013-05 0.0
2013-06 0.6
2013-07 0.86
2013-08 0.94
2013-09 0.85
2013-10 0.84
2013-11 0.29
2013-12 0.87
2014-01 0.94
2014-02 0.72
2014-03 0.94
2014-04 0.78
2014-05 0.6
2014-06 0.44
2014-07 0.52
2014-08 0.49
2014-09 0.63
2014-10 0.48
2014-11 0.78
2014-12 0.67
2015-01 0.64
2015-02 0.57
2015-03 0.81
2015-04 0.79
2015-05 0.64
2015-06 0.62
2015-07 0.72
2015-08 0.88
2015-09 0.8
2015-10 0.18
2015-11 0.09
2015-12 0.27
2016-01 0.7
2016-02 0.65
2016-03 0.62
2016-04 0.65
2016-05 0.61
2016-06 0.18
2016-07 0.31
2016-08 0.31
2016-09 0.51
2016-10 0.51
2016-11 0.55
2016-12 0.6
2017-01 0.69
2017-02 0.77
2017-03 -0.58
2017-04 0.3
2017-05 0.5
2017-06 0.45
2017-07 0.53
2017-08 0.64
2017-09 0.86
2017-10 0.82
2017-11 0.72
2017-12 0.76
2018-01 0.95
2018-02 0.75
2018-03 0.6
2018-04 0.62
2018-05 0.5
2018-06 0.4
2018-07 0.28
2018-08 0.43
2018-09 0.51
2018-10 0.38
2018-11 0.57
2018-12 -0.04
2019-01 0.26
2019-02 0.38
2019-03 0.43
2019-04 -0.75

Turning-point indicator

  • How to read it: close to 1, the indicator points to a favourable short-term economic situation (-1 is unfavourable). The uncertainty area is between −0.3 and +0.3.
  • Source: INSEE.

In the agrofood industry, the business climate is stable

The business climate indicator in the manufacture of food products and beverages is stable. At 107, it remains well largely above its long-term average (100). The decrease in the balances on overall order books and export order books is offset by the sharp increase in the balance on past production.

The business climate has slightly faltered in the manufacture of machinery and equipment goods

In the overall manufacture of machinery and equipment goods, the business climate, already declining in March, has slightly deteriorated in April. At 100, it stands at its long-term average level.

The business climate has recovered in the manufacture of computer, electronic and optical products whereas it has markedly deteriorated in machinery and equipment. In this latter industry, it has fallen just below its long-term average level. It is stable in the electrical equipment branch, slightly below its long-term average.

In the manufacture of transport equipment, the business climate weakens slightly

In the manufacture of transport equipment, the business climate indicator has slightly decreased after gaining three points in March. At 102, it remains above its long-term average (100).

The climate indicator is stable in the automotive industry, below its long-term average.

In the manufacture of other transport equipment, the business climate has slightly deteriorated, while remaining above its average. This decline mainly comes from the decrease in the balances on personal production expectations and on overall and export order books.

The business climate deteriorates in « other manufacturing »

The business climate in the overall « other manufacturing » industry is less favourable : the corresponding balance has lost two points, falling to its long-term average.

By subsector, the business climate indicator has declined in basic metals and chemicals. Conversely, it has increased in clothing-textiles and « other manufacturing industries ». It is stable in the rubber and plastic products and in wood-paper.

Business climates in a sector-based approach

Business climates in a sector-based approach
(C1) (C3) (C4) (C5)
2011-01 109.3 104.9 105.0 105.1
2011-02 107.6 103.0 99.4 108.2
2011-03 106.8 107.3 106.0 109.6
2011-04 109.0 105.4 105.6 109.7
2011-05 109.7 104.0 105.0 107.5
2011-06 108.7 105.1 109.2 108.6
2011-07 111.0 103.1 103.7 104.7
2011-08 103.7 101.1 101.6 100.2
2011-09 102.0 100.0 98.6 97.9
2011-10 104.4 98.6 100.0 96.2
2011-11 102.2 96.3 102.0 94.0
2011-12 98.2 96.7 99.9 94.4
2012-01 99.9 96.5 94.7 94.0
2012-02 100.5 96.5 93.5 95.8
2012-03 102.2 97.0 102.7 97.0
2012-04 99.2 96.5 93.8 97.7
2012-05 93.7 95.2 94.7 95.7
2012-06 94.9 91.4 95.5 93.5
2012-07 94.9 91.2 95.0 92.2
2012-08 93.9 90.7 95.1 93.3
2012-09 96.9 91.3 96.9 93.4
2012-10 91.4 86.3 95.4 89.3
2012-11 98.7 87.5 92.6 92.2
2012-12 99.0 88.0 92.1 91.7
2013-01 97.9 88.2 92.3 91.1
2013-02 98.0 89.2 94.1 90.2
2013-03 94.1 89.4 93.6 91.1
2013-04 92.0 90.2 92.7 89.1
2013-05 91.8 90.0 94.7 91.7
2013-06 92.7 89.5 94.6 93.1
2013-07 92.4 90.0 98.6 94.9
2013-08 95.7 92.1 101.3 97.0
2013-09 95.1 90.5 97.4 97.0
2013-10 95.7 90.8 103.4 97.7
2013-11 98.5 93.0 101.8 98.5
2013-12 98.9 92.2 99.8 99.0
2014-01 99.7 91.7 102.3 98.4
2014-02 99.3 94.4 97.8 98.2
2014-03 99.9 93.2 100.5 102.1
2014-04 96.0 93.1 102.6 99.9
2014-05 98.3 94.2 98.1 99.2
2014-06 96.1 92.3 97.9 98.3
2014-07 97.3 89.7 99.1 98.8
2014-08 95.7 93.8 97.7 100.3
2014-09 94.5 92.6 100.6 97.0
2014-10 95.8 93.0 97.0 98.3
2014-11 96.3 92.6 100.0 99.6
2014-12 99.2 92.6 99.5 99.9
2015-01 103.4 93.9 101.5 99.4
2015-02 99.4 95.7 100.8 100.0
2015-03 100.6 94.6 105.0 99.8
2015-04 104.5 97.2 106.7 100.4
2015-05 102.5 97.7 104.8 101.3
2015-06 105.5 97.6 105.0 100.6
2015-07 109.0 98.9 104.7 102.7
2015-08 103.8 97.9 107.7 101.4
2015-09 105.5 96.7 108.9 102.4
2015-10 104.2 98.8 107.5 99.7
2015-11 102.5 100.2 107.6 99.4
2015-12 99.8 98.5 107.5 101.3
2016-01 101.9 101.0 107.8 99.0
2016-02 100.0 101.2 108.7 99.6
2016-03 101.5 99.7 105.7 100.8
2016-04 105.6 100.6 108.8 101.0
2016-05 104.2 98.1 105.9 103.8
2016-06 103.5 97.6 105.8 101.1
2016-07 104.6 98.2 105.1 101.6
2016-08 99.9 98.7 103.9 101.3
2016-09 108.5 99.0 105.1 100.4
2016-10 106.2 98.0 105.4 100.9
2016-11 107.9 100.2 102.3 101.3
2016-12 108.2 103.8 104.2 104.2
2017-01 104.3 102.8 106.4 104.9
2017-02 105.1 104.3 106.0 105.9
2017-03 104.4 105.2 105.3 104.7
2017-04 103.7 107.4 105.6 107.6
2017-05 106.7 109.5 105.4 107.3
2017-06 112.1 108.7 105.1 108.1
2017-07 108.7 109.4 108.3 106.7
2017-08 109.7 107.1 108.6 108.3
2017-09 106.4 107.7 109.2 108.4
2017-10 110.5 110.1 108.2 109.9
2017-11 112.7 110.0 109.1 111.1
2017-12 110.8 111.2 109.9 109.9
2018-01 111.4 112.7 111.8 110.4
2018-02 109.7 111.1 111.8 109.7
2018-03 109.2 110.3 111.3 109.2
2018-04 109.6 110.1 112.1 107.5
2018-05 108.9 111.8 108.0 107.9
2018-06 110.2 108.2 109.9 105.3
2018-07 107.9 108.8 106.1 106.6
2018-08 109.2 108.3 106.8 105.8
2018-09 106.5 107.7 105.0 104.8
2018-10 101.9 107.4 103.4 102.3
2018-11 108.9 102.3 104.0 102.8
2018-12 107.5 102.3 101.9 101.5
2019-01 107.6 103.5 102.1 101.4
2019-02 108.0 105.0 100.2 100.9
2019-03 107.1 100.9 102.6 101.4
2019-04 107.0 100.2 101.8 100.5

Business climates in a sector-based approach

  • Legend: (C1): Manufacture of food products and beverages - (C3): Machinery and equipment goods - (C4): Manufacture of transport equipment - (C5): Other manufacturing
  • Source: INSEE.

Business climates in a sector-based approach

Average = 100 and standard deviation = 10 since 1990
Business climates in a sector-based approach (Average = 100 and standard deviation = 10 since 1990)
NA* : (A17) et [A38 et A64] Weights** (%) Feb. 19 Mar. 19 Apr. 19
(C1) Man. of food products and beverages 21 108 107 107
(C3) Machinery and equipment goods 11 105 101 100
[CI] Computer, electronic and optical products 3 110 100 104
[CJ] Electrical equipment 3 105 98 98
[CK] Machinery and equipment 5 100 103 99
(C4) Man. of transport equipment 17 100 103 102
[CL1] Motor vehicles, trailers and semi-trailers 8 92 96 96
[CL2] Other transport equipment 9 106 106 104
(C5) Other manufacturing 46 101 101 100
[CB] Textiles, clothing industries, leather and footwear industry 2 111 111 113
[CC] Wood, paper, printing 5 98 97 97
[CE] Chemicals and chemical products 9 98 97 96
[CG] Rubber and plastic products 7 102 105 105
[CH] Basic metals and fabricated metal products 11 98 100 97
[CM] Other manufacturing industries 9 104 103 105
  • * NA: aggregated classification, based on the French classification of activities NAF rév.2.
  • ** Weights used to aggregate sub-sector's balances of opinion.
  • Source: INSEE - Monthly business tendency survey in industry

For further information

A balance of opinion is calculated as the difference between the percentage of « increase » responses and the percentage of « decrease » responses.

Additional information (simplified and detailed methodology, nomenclature, etc.) is available on the « Documentation » tab of this page.

Next issue :23 mai 2019 at 8h45

Documentation

Methodology (pdf,133 Ko)

Monthly outlook survey in industry

Aggregated classification - NA, 2008

Pour en savoir plus

A balance of opinion is calculated as the difference between the percentage of « increase » responses and the percentage of « decrease » responses.

Additional information (simplified and detailed methodology, nomenclature, etc.) is available on the « Documentation » tab of this page.

Next issue :23 mai 2019 at 8h45

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