24 April 2019
2019- n° 105In April 2019, the French business climate is stable and the employment climate is
less favourable Business climate indicator and turning point indicator - April 2019
In April 2019, the business climate is stable. The composite indicator, compiled from the answers of business managers in the main sectors, stands at 105, above its long-term mean (100). Compared to the previous survey, the business climate indicator has lost two points in manufacturing industry and one point in building construction. It is stable in services and has gained two points in retail trade. The business climate is above its long-term mean in all those sectors.
The French business climate is stable, above its long-term mean
In April 2019, the business climate is stable. The composite indicator, compiled from the answers of business managers in the main sectors, stands at 105, above its long-term mean (100). Compared to the previous survey, the business climate indicator has lost two points in manufacturing industry and one point in building construction. It is stable in services and has gained two points in retail trade. The business climate is above its long-term mean in all those sectors.
tableauFrench business climate composite indicator
| French business climate composite indicator | |
|---|---|
| 1998-01 | 108.5 |
| 1998-02 | 109.8 |
| 1998-03 | 112.9 |
| 1998-04 | 110.8 |
| 1998-05 | 111.9 |
| 1998-06 | 113.2 |
| 1998-07 | 112.3 |
| 1998-08 | 111.7 |
| 1998-09 | 109.5 |
| 1998-10 | 107.0 |
| 1998-11 | 105.1 |
| 1998-12 | 102.2 |
| 1999-01 | 102.4 |
| 1999-02 | 102.6 |
| 1999-03 | 100.8 |
| 1999-04 | 101.8 |
| 1999-05 | 103.4 |
| 1999-06 | 102.7 |
| 1999-07 | 107.7 |
| 1999-08 | 110.6 |
| 1999-09 | 113.8 |
| 1999-10 | 115.4 |
| 1999-11 | 117.0 |
| 1999-12 | 118.5 |
| 2000-01 | 115.4 |
| 2000-02 | 115.8 |
| 2000-03 | 116.8 |
| 2000-04 | 116.4 |
| 2000-05 | 115.7 |
| 2000-06 | 117.8 |
| 2000-07 | 117.2 |
| 2000-08 | 117.9 |
| 2000-09 | 118.1 |
| 2000-10 | 116.4 |
| 2000-11 | 114.2 |
| 2000-12 | 113.5 |
| 2001-01 | 112.6 |
| 2001-02 | 112.5 |
| 2001-03 | 112.7 |
| 2001-04 | 107.5 |
| 2001-05 | 105.2 |
| 2001-06 | 104.4 |
| 2001-07 | 102.1 |
| 2001-08 | 100.6 |
| 2001-09 | 98.8 |
| 2001-10 | 93.8 |
| 2001-11 | 93.9 |
| 2001-12 | 94.6 |
| 2002-01 | 95.6 |
| 2002-02 | 96.2 |
| 2002-03 | 98.2 |
| 2002-04 | 101.2 |
| 2002-05 | 102.6 |
| 2002-06 | 101.6 |
| 2002-07 | 98.8 |
| 2002-08 | 98.1 |
| 2002-09 | 97.1 |
| 2002-10 | 95.4 |
| 2002-11 | 96.9 |
| 2002-12 | 99.6 |
| 2003-01 | 96.1 |
| 2003-02 | 95.3 |
| 2003-03 | 89.9 |
| 2003-04 | 87.5 |
| 2003-05 | 91.8 |
| 2003-06 | 91.8 |
| 2003-07 | 94.2 |
| 2003-08 | 95.2 |
| 2003-09 | 95.2 |
| 2003-10 | 96.1 |
| 2003-11 | 100.1 |
| 2003-12 | 101.4 |
| 2004-01 | 105.6 |
| 2004-02 | 104.8 |
| 2004-03 | 105.0 |
| 2004-04 | 106.1 |
| 2004-05 | 106.0 |
| 2004-06 | 105.2 |
| 2004-07 | 106.8 |
| 2004-08 | 106.9 |
| 2004-09 | 106.6 |
| 2004-10 | 107.9 |
| 2004-11 | 105.5 |
| 2004-12 | 106.8 |
| 2005-01 | 106.4 |
| 2005-02 | 106.5 |
| 2005-03 | 106.0 |
| 2005-04 | 105.4 |
| 2005-05 | 103.1 |
| 2005-06 | 104.3 |
| 2005-07 | 105.0 |
| 2005-08 | 104.7 |
| 2005-09 | 104.0 |
| 2005-10 | 106.9 |
| 2005-11 | 106.6 |
| 2005-12 | 107.9 |
| 2006-01 | 109.1 |
| 2006-02 | 107.3 |
| 2006-03 | 107.4 |
| 2006-04 | 108.3 |
| 2006-05 | 110.0 |
| 2006-06 | 109.4 |
| 2006-07 | 111.1 |
| 2006-08 | 111.4 |
| 2006-09 | 111.8 |
| 2006-10 | 111.7 |
| 2006-11 | 112.7 |
| 2006-12 | 111.3 |
| 2007-01 | 111.1 |
| 2007-02 | 112.8 |
| 2007-03 | 113.3 |
| 2007-04 | 113.9 |
| 2007-05 | 114.1 |
| 2007-06 | 115.2 |
| 2007-07 | 114.5 |
| 2007-08 | 113.4 |
| 2007-09 | 112.7 |
| 2007-10 | 112.0 |
| 2007-11 | 112.2 |
| 2007-12 | 111.7 |
| 2008-01 | 110.6 |
| 2008-02 | 109.3 |
| 2008-03 | 108.9 |
| 2008-04 | 106.2 |
| 2008-05 | 103.4 |
| 2008-06 | 100.4 |
| 2008-07 | 96.0 |
| 2008-08 | 94.7 |
| 2008-09 | 92.0 |
| 2008-10 | 83.2 |
| 2008-11 | 79.6 |
| 2008-12 | 75.5 |
| 2009-01 | 73.7 |
| 2009-02 | 71.1 |
| 2009-03 | 68.0 |
| 2009-04 | 68.9 |
| 2009-05 | 72.5 |
| 2009-06 | 75.4 |
| 2009-07 | 77.4 |
| 2009-08 | 81.3 |
| 2009-09 | 84.8 |
| 2009-10 | 87.5 |
| 2009-11 | 89.7 |
| 2009-12 | 90.4 |
| 2010-01 | 92.6 |
| 2010-02 | 93.1 |
| 2010-03 | 92.7 |
| 2010-04 | 97.0 |
| 2010-05 | 98.3 |
| 2010-06 | 98.0 |
| 2010-07 | 100.0 |
| 2010-08 | 102.4 |
| 2010-09 | 103.9 |
| 2010-10 | 104.9 |
| 2010-11 | 105.1 |
| 2010-12 | 106.9 |
| 2011-01 | 107.8 |
| 2011-02 | 108.6 |
| 2011-03 | 109.7 |
| 2011-04 | 109.6 |
| 2011-05 | 108.4 |
| 2011-06 | 108.8 |
| 2011-07 | 106.3 |
| 2011-08 | 101.2 |
| 2011-09 | 98.1 |
| 2011-10 | 96.6 |
| 2011-11 | 94.6 |
| 2011-12 | 93.2 |
| 2012-01 | 92.4 |
| 2012-02 | 92.3 |
| 2012-03 | 94.8 |
| 2012-04 | 95.3 |
| 2012-05 | 91.8 |
| 2012-06 | 90.8 |
| 2012-07 | 88.5 |
| 2012-08 | 88.0 |
| 2012-09 | 86.6 |
| 2012-10 | 84.5 |
| 2012-11 | 86.2 |
| 2012-12 | 86.8 |
| 2013-01 | 86.8 |
| 2013-02 | 86.8 |
| 2013-03 | 85.1 |
| 2013-04 | 83.5 |
| 2013-05 | 84.7 |
| 2013-06 | 85.8 |
| 2013-07 | 87.5 |
| 2013-08 | 90.6 |
| 2013-09 | 94.0 |
| 2013-10 | 93.4 |
| 2013-11 | 92.9 |
| 2013-12 | 92.6 |
| 2014-01 | 93.2 |
| 2014-02 | 93.1 |
| 2014-03 | 94.7 |
| 2014-04 | 94.5 |
| 2014-05 | 94.2 |
| 2014-06 | 93.1 |
| 2014-07 | 92.4 |
| 2014-08 | 91.1 |
| 2014-09 | 90.5 |
| 2014-10 | 90.6 |
| 2014-11 | 92.5 |
| 2014-12 | 92.6 |
| 2015-01 | 92.8 |
| 2015-02 | 93.6 |
| 2015-03 | 94.9 |
| 2015-04 | 96.0 |
| 2015-05 | 97.0 |
| 2015-06 | 97.8 |
| 2015-07 | 98.2 |
| 2015-08 | 99.7 |
| 2015-09 | 99.7 |
| 2015-10 | 100.6 |
| 2015-11 | 100.8 |
| 2015-12 | 99.3 |
| 2016-01 | 101.1 |
| 2016-02 | 100.2 |
| 2016-03 | 100.4 |
| 2016-04 | 100.5 |
| 2016-05 | 102.1 |
| 2016-06 | 100.4 |
| 2016-07 | 101.1 |
| 2016-08 | 100.6 |
| 2016-09 | 101.1 |
| 2016-10 | 101.2 |
| 2016-11 | 101.7 |
| 2016-12 | 103.9 |
| 2017-01 | 103.4 |
| 2017-02 | 104.0 |
| 2017-03 | 104.3 |
| 2017-04 | 104.5 |
| 2017-05 | 105.2 |
| 2017-06 | 106.6 |
| 2017-07 | 107.5 |
| 2017-08 | 108.4 |
| 2017-09 | 109.2 |
| 2017-10 | 108.7 |
| 2017-11 | 110.5 |
| 2017-12 | 111.4 |
| 2018-01 | 110.4 |
| 2018-02 | 109.5 |
| 2018-03 | 109.5 |
| 2018-04 | 108.8 |
| 2018-05 | 106.8 |
| 2018-06 | 106.6 |
| 2018-07 | 106.1 |
| 2018-08 | 105.2 |
| 2018-09 | 105.5 |
| 2018-10 | 103.7 |
| 2018-11 | 104.8 |
| 2018-12 | 101.9 |
| 2019-01 | 102.2 |
| 2019-02 | 103.1 |
| 2019-03 | 105.0 |
| 2019-04 | 105.4 |
graphiqueFrench business climate composite indicator
- Source: INSEE.
tableauBusiness and employment climates
| Dec. 18 | Jan. 19 | Feb. 19 | Mar. 19 | Apr. 19 | |
|---|---|---|---|---|---|
| Business climates | |||||
| France | 102 | 102 | 103 | 105 | 105 |
| Manufacturing | 103 | 103 | 103 | 103 | 101 |
| Building construction | 110 | 109 | 111 | 112 | 111 |
| Services | 102 | 104 | 103 | 105 | 105 |
| Retail trade | 99 | 100 | 102 | 103 | 105 |
| Wholesale trade | - | 99 | - | 107 | - |
| Employment climate | |||||
| Employment | 104 | 104 | 107 | 108 | 104 |
- Source: INSEE, Business tendency surveys
The employment climate is less favourable but remains at a relatively high level
In April 2019, the employment climate has deteriorated after having increased for the first three months of the year: the associated composite indicator has lost four points and stands at 104, returning to its January level, above its long-term average. This deterioration is due mainly to the decrease in the balance of opinion on past and expected workforce size in the service sector excluding temporary work agencies.
tableauFrench employment climate composite indicator
| French employment climate composite indicator | |
|---|---|
| 1998-01 | 101.9 |
| 1998-02 | 103.8 |
| 1998-03 | 105.8 |
| 1998-04 | 107.6 |
| 1998-05 | 108.1 |
| 1998-06 | 109.1 |
| 1998-07 | 110.3 |
| 1998-08 | 108.5 |
| 1998-09 | 106.7 |
| 1998-10 | 105.8 |
| 1998-11 | 105.5 |
| 1998-12 | 104.8 |
| 1999-01 | 104.0 |
| 1999-02 | 105.4 |
| 1999-03 | 106.7 |
| 1999-04 | 108.2 |
| 1999-05 | 108.5 |
| 1999-06 | 109.1 |
| 1999-07 | 109.8 |
| 1999-08 | 112.4 |
| 1999-09 | 115.0 |
| 1999-10 | 117.3 |
| 1999-11 | 118.1 |
| 1999-12 | 118.7 |
| 2000-01 | 119.3 |
| 2000-02 | 117.2 |
| 2000-03 | 115.3 |
| 2000-04 | 113.3 |
| 2000-05 | 117.1 |
| 2000-06 | 120.9 |
| 2000-07 | 117.9 |
| 2000-08 | 119.6 |
| 2000-09 | 120.6 |
| 2000-10 | 120.3 |
| 2000-11 | 122.2 |
| 2000-12 | 120.9 |
| 2001-01 | 118.9 |
| 2001-02 | 119.8 |
| 2001-03 | 118.6 |
| 2001-04 | 118.1 |
| 2001-05 | 113.5 |
| 2001-06 | 111.3 |
| 2001-07 | 107.7 |
| 2001-08 | 108.0 |
| 2001-09 | 107.7 |
| 2001-10 | 108.3 |
| 2001-11 | 102.3 |
| 2001-12 | 105.4 |
| 2002-01 | 103.5 |
| 2002-02 | 101.4 |
| 2002-03 | 103.3 |
| 2002-04 | 106.9 |
| 2002-05 | 104.6 |
| 2002-06 | 103.1 |
| 2002-07 | 104.0 |
| 2002-08 | 101.2 |
| 2002-09 | 97.8 |
| 2002-10 | 94.1 |
| 2002-11 | 97.6 |
| 2002-12 | 96.6 |
| 2003-01 | 97.2 |
| 2003-02 | 95.7 |
| 2003-03 | 92.2 |
| 2003-04 | 90.7 |
| 2003-05 | 89.9 |
| 2003-06 | 92.0 |
| 2003-07 | 93.3 |
| 2003-08 | 93.8 |
| 2003-09 | 93.7 |
| 2003-10 | 94.6 |
| 2003-11 | 93.3 |
| 2003-12 | 96.4 |
| 2004-01 | 98.8 |
| 2004-02 | 97.1 |
| 2004-03 | 100.3 |
| 2004-04 | 101.2 |
| 2004-05 | 103.7 |
| 2004-06 | 100.8 |
| 2004-07 | 101.8 |
| 2004-08 | 101.8 |
| 2004-09 | 101.6 |
| 2004-10 | 102.8 |
| 2004-11 | 103.2 |
| 2004-12 | 101.9 |
| 2005-01 | 101.7 |
| 2005-02 | 102.0 |
| 2005-03 | 105.0 |
| 2005-04 | 101.9 |
| 2005-05 | 102.5 |
| 2005-06 | 102.2 |
| 2005-07 | 103.2 |
| 2005-08 | 103.7 |
| 2005-09 | 104.1 |
| 2005-10 | 104.5 |
| 2005-11 | 104.0 |
| 2005-12 | 103.1 |
| 2006-01 | 104.2 |
| 2006-02 | 104.4 |
| 2006-03 | 104.3 |
| 2006-04 | 107.3 |
| 2006-05 | 108.7 |
| 2006-06 | 110.5 |
| 2006-07 | 110.3 |
| 2006-08 | 109.4 |
| 2006-09 | 108.3 |
| 2006-10 | 108.7 |
| 2006-11 | 111.5 |
| 2006-12 | 112.2 |
| 2007-01 | 110.3 |
| 2007-02 | 112.0 |
| 2007-03 | 111.7 |
| 2007-04 | 112.2 |
| 2007-05 | 113.9 |
| 2007-06 | 113.3 |
| 2007-07 | 111.6 |
| 2007-08 | 112.8 |
| 2007-09 | 113.8 |
| 2007-10 | 111.6 |
| 2007-11 | 113.6 |
| 2007-12 | 115.8 |
| 2008-01 | 114.7 |
| 2008-02 | 115.1 |
| 2008-03 | 113.5 |
| 2008-04 | 114.0 |
| 2008-05 | 108.8 |
| 2008-06 | 105.0 |
| 2008-07 | 105.4 |
| 2008-08 | 100.8 |
| 2008-09 | 99.5 |
| 2008-10 | 94.5 |
| 2008-11 | 87.6 |
| 2008-12 | 81.9 |
| 2009-01 | 79.3 |
| 2009-02 | 78.2 |
| 2009-03 | 71.3 |
| 2009-04 | 71.9 |
| 2009-05 | 70.7 |
| 2009-06 | 71.9 |
| 2009-07 | 76.0 |
| 2009-08 | 80.9 |
| 2009-09 | 80.4 |
| 2009-10 | 82.5 |
| 2009-11 | 84.6 |
| 2009-12 | 87.4 |
| 2010-01 | 88.8 |
| 2010-02 | 89.3 |
| 2010-03 | 92.0 |
| 2010-04 | 94.6 |
| 2010-05 | 96.4 |
| 2010-06 | 98.0 |
| 2010-07 | 98.4 |
| 2010-08 | 98.6 |
| 2010-09 | 100.2 |
| 2010-10 | 103.0 |
| 2010-11 | 104.6 |
| 2010-12 | 105.2 |
| 2011-01 | 103.6 |
| 2011-02 | 110.2 |
| 2011-03 | 109.4 |
| 2011-04 | 109.7 |
| 2011-05 | 111.0 |
| 2011-06 | 111.6 |
| 2011-07 | 109.6 |
| 2011-08 | 105.1 |
| 2011-09 | 103.3 |
| 2011-10 | 100.3 |
| 2011-11 | 100.3 |
| 2011-12 | 98.8 |
| 2012-01 | 97.1 |
| 2012-02 | 97.0 |
| 2012-03 | 98.7 |
| 2012-04 | 96.7 |
| 2012-05 | 94.7 |
| 2012-06 | 92.7 |
| 2012-07 | 91.1 |
| 2012-08 | 92.4 |
| 2012-09 | 90.3 |
| 2012-10 | 90.1 |
| 2012-11 | 89.1 |
| 2012-12 | 88.8 |
| 2013-01 | 91.9 |
| 2013-02 | 88.0 |
| 2013-03 | 86.9 |
| 2013-04 | 84.7 |
| 2013-05 | 85.4 |
| 2013-06 | 87.7 |
| 2013-07 | 89.1 |
| 2013-08 | 88.9 |
| 2013-09 | 91.2 |
| 2013-10 | 93.2 |
| 2013-11 | 92.4 |
| 2013-12 | 94.4 |
| 2014-01 | 94.7 |
| 2014-02 | 94.0 |
| 2014-03 | 94.8 |
| 2014-04 | 97.8 |
| 2014-05 | 96.4 |
| 2014-06 | 94.7 |
| 2014-07 | 95.2 |
| 2014-08 | 93.7 |
| 2014-09 | 94.3 |
| 2014-10 | 94.1 |
| 2014-11 | 94.1 |
| 2014-12 | 94.3 |
| 2015-01 | 93.2 |
| 2015-02 | 95.4 |
| 2015-03 | 94.7 |
| 2015-04 | 96.8 |
| 2015-05 | 97.0 |
| 2015-06 | 99.0 |
| 2015-07 | 99.5 |
| 2015-08 | 100.3 |
| 2015-09 | 100.2 |
| 2015-10 | 100.5 |
| 2015-11 | 101.9 |
| 2015-12 | 100.6 |
| 2016-01 | 102.1 |
| 2016-02 | 100.6 |
| 2016-03 | 100.0 |
| 2016-04 | 100.6 |
| 2016-05 | 102.6 |
| 2016-06 | 101.6 |
| 2016-07 | 104.2 |
| 2016-08 | 103.2 |
| 2016-09 | 105.1 |
| 2016-10 | 104.9 |
| 2016-11 | 104.9 |
| 2016-12 | 106.9 |
| 2017-01 | 105.5 |
| 2017-02 | 104.2 |
| 2017-03 | 107.9 |
| 2017-04 | 106.6 |
| 2017-05 | 107.3 |
| 2017-06 | 108.3 |
| 2017-07 | 107.6 |
| 2017-08 | 105.6 |
| 2017-09 | 107.2 |
| 2017-10 | 108.6 |
| 2017-11 | 108.6 |
| 2017-12 | 108.6 |
| 2018-01 | 109.1 |
| 2018-02 | 109.9 |
| 2018-03 | 109.9 |
| 2018-04 | 108.4 |
| 2018-05 | 108.3 |
| 2018-06 | 110.2 |
| 2018-07 | 107.8 |
| 2018-08 | 106.9 |
| 2018-09 | 107.6 |
| 2018-10 | 107.2 |
| 2018-11 | 104.8 |
| 2018-12 | 104.0 |
| 2019-01 | 104.4 |
| 2019-02 | 107.0 |
| 2019-03 | 107.6 |
| 2019-04 | 104.5 |
graphiqueFrench employment climate composite indicator
- Source: INSEE.
The turning point indicator points out an uncertain short-term economic outlook
The turning point indicator for the French economy as a whole has moved in the area indicating an uncertain short-term economic outlook.
tableauTurning point indicators
| Dec. 18 | Jan. 19 | Feb. 19 | Mar. 19 | Apr. 19 | |
|---|---|---|---|---|---|
| France | 0.4 | 0.7 | 0.5 | 0.9 | -0.2 |
| Manufacturing | 0.0 | 0.3 | 0.4 | 0.4 | -0.7 |
| Building construction | 0.7 | 0.7 | 0.9 | 0.9 | 0.8 |
| Services | -0.6 | -0.3 | -0.7 | -0.4 | -0.8 |
| Wholesale trade | - | -0.4 | - | 0.9 | - |
- Source: INSEE, Business tendency surveys
tableauTurning-point indicator
| Turning-point indicator | |
|---|---|
| 2010-01 | 0.07 |
| 2010-02 | -0.3 |
| 2010-03 | -0.05 |
| 2010-04 | 0.1 |
| 2010-05 | 0.26 |
| 2010-06 | 0.14 |
| 2010-07 | 0.22 |
| 2010-08 | 0.95 |
| 2010-09 | 0.94 |
| 2010-10 | 0.93 |
| 2010-11 | 0.83 |
| 2010-12 | 0.99 |
| 2011-01 | 0.96 |
| 2011-02 | 0.97 |
| 2011-03 | 0.99 |
| 2011-04 | 0.88 |
| 2011-05 | 0.48 |
| 2011-06 | 0.6 |
| 2011-07 | 0.21 |
| 2011-08 | -0.98 |
| 2011-09 | -1.0 |
| 2011-10 | -0.71 |
| 2011-11 | -0.69 |
| 2011-12 | -0.58 |
| 2012-01 | -0.51 |
| 2012-02 | -0.72 |
| 2012-03 | 0.4 |
| 2012-04 | -0.09 |
| 2012-05 | -0.83 |
| 2012-06 | -0.98 |
| 2012-07 | -0.97 |
| 2012-08 | -0.81 |
| 2012-09 | -0.65 |
| 2012-10 | -0.99 |
| 2012-11 | -0.83 |
| 2012-12 | -0.67 |
| 2013-01 | -0.59 |
| 2013-02 | -0.85 |
| 2013-03 | -1.0 |
| 2013-04 | -0.99 |
| 2013-05 | 0.17 |
| 2013-06 | 0.1 |
| 2013-07 | 0.35 |
| 2013-08 | 0.94 |
| 2013-09 | 0.97 |
| 2013-10 | 0.82 |
| 2013-11 | 0.11 |
| 2013-12 | 0.35 |
| 2014-01 | 0.74 |
| 2014-02 | 0.56 |
| 2014-03 | 0.73 |
| 2014-04 | 0.31 |
| 2014-05 | 0.16 |
| 2014-06 | -0.22 |
| 2014-07 | -0.01 |
| 2014-08 | -0.35 |
| 2014-09 | -0.12 |
| 2014-10 | -0.35 |
| 2014-11 | -0.19 |
| 2014-12 | -0.17 |
| 2015-01 | -0.38 |
| 2015-02 | -0.31 |
| 2015-03 | 0.0 |
| 2015-04 | 0.04 |
| 2015-05 | 0.21 |
| 2015-06 | 0.12 |
| 2015-07 | 0.19 |
| 2015-08 | 0.16 |
| 2015-09 | 0.09 |
| 2015-10 | 0.15 |
| 2015-11 | 0.11 |
| 2015-12 | 0.11 |
| 2016-01 | 0.74 |
| 2016-02 | 0.73 |
| 2016-03 | 0.58 |
| 2016-04 | 0.54 |
| 2016-05 | 0.8 |
| 2016-06 | -0.34 |
| 2016-07 | 0.25 |
| 2016-08 | 0.11 |
| 2016-09 | 0.68 |
| 2016-10 | 0.48 |
| 2016-11 | 0.45 |
| 2016-12 | 0.5 |
| 2017-01 | 0.42 |
| 2017-02 | 0.87 |
| 2017-03 | 0.43 |
| 2017-04 | 0.57 |
| 2017-05 | 0.5 |
| 2017-06 | 0.87 |
| 2017-07 | 0.71 |
| 2017-08 | 0.77 |
| 2017-09 | 0.98 |
| 2017-10 | 0.86 |
| 2017-11 | 0.79 |
| 2017-12 | 0.86 |
| 2018-01 | 0.73 |
| 2018-02 | 0.03 |
| 2018-03 | 0.53 |
| 2018-04 | 0.39 |
| 2018-05 | 0.23 |
| 2018-06 | 0.46 |
| 2018-07 | 0.34 |
| 2018-08 | 0.32 |
| 2018-09 | 0.66 |
| 2018-10 | 0.36 |
| 2018-11 | 0.48 |
| 2018-12 | 0.39 |
| 2019-01 | 0.66 |
| 2019-02 | 0.5 |
| 2019-03 | 0.86 |
| 2019-04 | -0.16 |
graphiqueTurning-point indicator
- Note: close to +1 (resp. –1), the indicator shows a favourable business climate (resp. unfavourable). The uncertainty area is between –0.3 and +0.3.
- Source: INSEE.
Revisions
Compared to its first estimate in March 2019, the French business climate indicator for the whole economy has been revised upwards by one point. By sector, the business climate indicator has been raised by one point in industry and retail trade and by two points in services. The employment climate indicator has also been raised by one point. These revisions result mainly from the integration of late answers from businesses. The other climate indicators are unchanged.
For further information
The business climate and turning point indicators summarise the information provided by the surveys in manufacturing, services, trade (retail and wholesale), and construction. The business climate is built from 26 balances of opinion from these surveys while the turning point indicator is built from 14 balances of opinion from surveys in manufacturing, services and construction. The employment indicator is based on the 10 balances of employment, past and expected, from the surveys in manufacturing, services, retail trade and construction.
The balances of opinion concerning employment in services that are used in the employment climate distinguish the services excluding temporary work employment sector from temporary work agencies. For the latter, the balances on past and expected workforce size are not weighted, unlike the other sectors.
Next issue: 23 May 2019 at 08:45 am
Documentation
Abbreviated Methodology (pdf,130 Ko)
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The business climate and turning point indicators summarise the information provided by the surveys in manufacturing, services, trade (retail and wholesale), and construction. The business climate is built from 26 balances of opinion from these surveys while the turning point indicator is built from 14 balances of opinion from surveys in manufacturing, services and construction. The employment indicator is based on the 10 balances of employment, past and expected, from the surveys in manufacturing, services, retail trade and construction.
The balances of opinion concerning employment in services that are used in the employment climate distinguish the services excluding temporary work employment sector from temporary work agencies. For the latter, the balances on past and expected workforce size are not weighted, unlike the other sectors.
Next issue: 23 May 2019 at 08:45 am
