23 October 2019
2019- n° 272In October 2019, the French business climate has slightly weakened and the employment
climate is stable Business climate indicator and turning point indicator - October 2019
In October 2019, the business climate has slightly weakened compared to the previous month. The composite indicator, compiled from the answers of business managers in the main sectors, has lost one point and stands at 105, above its long-term mean (100). The business climate has lost three points in manufacturing industry. It is stable in building construction, in services and in retail trade. The business climate is above its long-term mean in all those sectors.
The French business climate has slightly weakened while remaining above its long-term mean
In October 2019, the business climate has slightly weakened compared to the previous month. The composite indicator, compiled from the answers of business managers in the main sectors, has lost one point and stands at 105, above its long-term mean (100). The business climate has lost three points in manufacturing industry. It is stable in building construction, in services and 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 | 108.7 |
| 1998-02 | 110.0 |
| 1998-03 | 112.9 |
| 1998-04 | 111.0 |
| 1998-05 | 112.0 |
| 1998-06 | 113.2 |
| 1998-07 | 112.4 |
| 1998-08 | 111.6 |
| 1998-09 | 109.5 |
| 1998-10 | 107.0 |
| 1998-11 | 105.1 |
| 1998-12 | 102.3 |
| 1999-01 | 102.3 |
| 1999-02 | 102.3 |
| 1999-03 | 100.6 |
| 1999-04 | 101.5 |
| 1999-05 | 103.2 |
| 1999-06 | 102.6 |
| 1999-07 | 107.6 |
| 1999-08 | 110.5 |
| 1999-09 | 113.6 |
| 1999-10 | 115.8 |
| 1999-11 | 117.2 |
| 1999-12 | 118.6 |
| 2000-01 | 115.5 |
| 2000-02 | 116.0 |
| 2000-03 | 116.8 |
| 2000-04 | 116.6 |
| 2000-05 | 115.9 |
| 2000-06 | 117.5 |
| 2000-07 | 117.1 |
| 2000-08 | 117.7 |
| 2000-09 | 117.9 |
| 2000-10 | 116.5 |
| 2000-11 | 114.2 |
| 2000-12 | 113.7 |
| 2001-01 | 112.7 |
| 2001-02 | 112.6 |
| 2001-03 | 112.7 |
| 2001-04 | 107.4 |
| 2001-05 | 105.1 |
| 2001-06 | 104.1 |
| 2001-07 | 101.9 |
| 2001-08 | 100.5 |
| 2001-09 | 98.8 |
| 2001-10 | 93.9 |
| 2001-11 | 94.0 |
| 2001-12 | 94.6 |
| 2002-01 | 95.8 |
| 2002-02 | 96.4 |
| 2002-03 | 98.5 |
| 2002-04 | 101.7 |
| 2002-05 | 103.0 |
| 2002-06 | 102.0 |
| 2002-07 | 99.1 |
| 2002-08 | 98.3 |
| 2002-09 | 97.3 |
| 2002-10 | 95.5 |
| 2002-11 | 97.0 |
| 2002-12 | 99.5 |
| 2003-01 | 96.0 |
| 2003-02 | 95.0 |
| 2003-03 | 89.7 |
| 2003-04 | 87.3 |
| 2003-05 | 92.0 |
| 2003-06 | 92.1 |
| 2003-07 | 94.4 |
| 2003-08 | 95.4 |
| 2003-09 | 95.4 |
| 2003-10 | 96.4 |
| 2003-11 | 100.5 |
| 2003-12 | 101.8 |
| 2004-01 | 105.8 |
| 2004-02 | 104.9 |
| 2004-03 | 105.0 |
| 2004-04 | 105.9 |
| 2004-05 | 105.8 |
| 2004-06 | 105.2 |
| 2004-07 | 106.6 |
| 2004-08 | 106.8 |
| 2004-09 | 106.6 |
| 2004-10 | 107.7 |
| 2004-11 | 105.2 |
| 2004-12 | 106.5 |
| 2005-01 | 106.0 |
| 2005-02 | 106.2 |
| 2005-03 | 105.8 |
| 2005-04 | 105.1 |
| 2005-05 | 102.8 |
| 2005-06 | 104.0 |
| 2005-07 | 104.5 |
| 2005-08 | 104.4 |
| 2005-09 | 103.7 |
| 2005-10 | 106.6 |
| 2005-11 | 106.5 |
| 2005-12 | 107.8 |
| 2006-01 | 109.2 |
| 2006-02 | 107.2 |
| 2006-03 | 107.4 |
| 2006-04 | 108.1 |
| 2006-05 | 109.8 |
| 2006-06 | 109.2 |
| 2006-07 | 111.0 |
| 2006-08 | 111.3 |
| 2006-09 | 111.7 |
| 2006-10 | 111.6 |
| 2006-11 | 112.5 |
| 2006-12 | 110.9 |
| 2007-01 | 110.9 |
| 2007-02 | 112.6 |
| 2007-03 | 113.0 |
| 2007-04 | 113.7 |
| 2007-05 | 114.1 |
| 2007-06 | 115.3 |
| 2007-07 | 114.5 |
| 2007-08 | 113.3 |
| 2007-09 | 112.4 |
| 2007-10 | 111.7 |
| 2007-11 | 111.8 |
| 2007-12 | 111.4 |
| 2008-01 | 110.3 |
| 2008-02 | 108.8 |
| 2008-03 | 108.5 |
| 2008-04 | 105.8 |
| 2008-05 | 103.0 |
| 2008-06 | 100.0 |
| 2008-07 | 95.7 |
| 2008-08 | 94.3 |
| 2008-09 | 91.6 |
| 2008-10 | 82.6 |
| 2008-11 | 79.2 |
| 2008-12 | 75.4 |
| 2009-01 | 73.6 |
| 2009-02 | 71.1 |
| 2009-03 | 68.1 |
| 2009-04 | 69.0 |
| 2009-05 | 72.7 |
| 2009-06 | 75.5 |
| 2009-07 | 77.7 |
| 2009-08 | 81.5 |
| 2009-09 | 85.1 |
| 2009-10 | 87.7 |
| 2009-11 | 90.0 |
| 2009-12 | 90.6 |
| 2010-01 | 92.7 |
| 2010-02 | 93.2 |
| 2010-03 | 92.6 |
| 2010-04 | 96.9 |
| 2010-05 | 98.0 |
| 2010-06 | 97.6 |
| 2010-07 | 99.8 |
| 2010-08 | 102.2 |
| 2010-09 | 103.6 |
| 2010-10 | 104.7 |
| 2010-11 | 105.0 |
| 2010-12 | 106.8 |
| 2011-01 | 107.7 |
| 2011-02 | 108.5 |
| 2011-03 | 109.5 |
| 2011-04 | 109.2 |
| 2011-05 | 108.2 |
| 2011-06 | 108.4 |
| 2011-07 | 106.3 |
| 2011-08 | 101.0 |
| 2011-09 | 97.7 |
| 2011-10 | 96.4 |
| 2011-11 | 94.4 |
| 2011-12 | 93.0 |
| 2012-01 | 92.2 |
| 2012-02 | 92.0 |
| 2012-03 | 94.5 |
| 2012-04 | 95.2 |
| 2012-05 | 91.7 |
| 2012-06 | 90.6 |
| 2012-07 | 88.4 |
| 2012-08 | 87.9 |
| 2012-09 | 86.3 |
| 2012-10 | 84.2 |
| 2012-11 | 86.1 |
| 2012-12 | 86.8 |
| 2013-01 | 86.7 |
| 2013-02 | 86.6 |
| 2013-03 | 84.7 |
| 2013-04 | 83.1 |
| 2013-05 | 84.3 |
| 2013-06 | 85.4 |
| 2013-07 | 87.3 |
| 2013-08 | 90.5 |
| 2013-09 | 93.8 |
| 2013-10 | 93.4 |
| 2013-11 | 92.7 |
| 2013-12 | 92.5 |
| 2014-01 | 93.2 |
| 2014-02 | 93.1 |
| 2014-03 | 94.4 |
| 2014-04 | 94.3 |
| 2014-05 | 94.0 |
| 2014-06 | 92.8 |
| 2014-07 | 92.2 |
| 2014-08 | 91.0 |
| 2014-09 | 90.3 |
| 2014-10 | 90.3 |
| 2014-11 | 92.1 |
| 2014-12 | 92.4 |
| 2015-01 | 92.7 |
| 2015-02 | 93.5 |
| 2015-03 | 94.7 |
| 2015-04 | 95.7 |
| 2015-05 | 96.7 |
| 2015-06 | 97.6 |
| 2015-07 | 98.0 |
| 2015-08 | 99.6 |
| 2015-09 | 99.3 |
| 2015-10 | 100.4 |
| 2015-11 | 100.5 |
| 2015-12 | 98.9 |
| 2016-01 | 100.9 |
| 2016-02 | 99.9 |
| 2016-03 | 100.0 |
| 2016-04 | 100.0 |
| 2016-05 | 101.8 |
| 2016-06 | 100.2 |
| 2016-07 | 100.8 |
| 2016-08 | 100.4 |
| 2016-09 | 100.8 |
| 2016-10 | 101.2 |
| 2016-11 | 101.4 |
| 2016-12 | 103.8 |
| 2017-01 | 103.4 |
| 2017-02 | 103.9 |
| 2017-03 | 103.9 |
| 2017-04 | 104.1 |
| 2017-05 | 105.1 |
| 2017-06 | 106.7 |
| 2017-07 | 107.5 |
| 2017-08 | 108.6 |
| 2017-09 | 109.1 |
| 2017-10 | 109.0 |
| 2017-11 | 110.4 |
| 2017-12 | 111.4 |
| 2018-01 | 110.7 |
| 2018-02 | 109.7 |
| 2018-03 | 109.4 |
| 2018-04 | 108.5 |
| 2018-05 | 106.7 |
| 2018-06 | 106.5 |
| 2018-07 | 105.8 |
| 2018-08 | 105.2 |
| 2018-09 | 105.1 |
| 2018-10 | 103.9 |
| 2018-11 | 104.5 |
| 2018-12 | 101.5 |
| 2019-01 | 102.1 |
| 2019-02 | 103.1 |
| 2019-03 | 104.7 |
| 2019-04 | 105.3 |
| 2019-05 | 106.1 |
| 2019-06 | 106.2 |
| 2019-07 | 105.1 |
| 2019-08 | 105.3 |
| 2019-09 | 106.2 |
| 2019-10 | 105.4 |
graphiqueFrench business climate composite indicator
- Source: INSEE.
tableauBusiness and employment climates
| June 19 | July 19 | Aug, 19 | Sept. 19 | Oct. 19 | |
|---|---|---|---|---|---|
| Business climates | |||||
| France | 106 | 105 | 105 | 106 | 105 |
| Manufacturing | 102 | 101 | 103 | 102 | 99 |
| Building construction | 111 | 111 | 111 | 112 | 112 |
| Services | 107 | 105 | 105 | 106 | 106 |
| Retail trade | 104 | 105 | 100 | 105 | 105 |
| Wholesale trade | - | 106 | - | 105 | - |
| Employment climate | |||||
| Employment | 106 | 106 | 105 | 106 | 106 |
- Source: INSEE, Business tendency surveys
The employment climate is stable, above its long-term mean
In October 2019, the employment climate is stable: the associate composite indicator remains at 106, above its long-term mean. The increase in the balances of opinion on past employment both in non-interim services and in retail trade is offset by decrease in other balances.
tableauFrench employment climate composite indicator
| French employment climate composite indicator | |
|---|---|
| 1998-01 | 101.9 |
| 1998-02 | 103.7 |
| 1998-03 | 105.7 |
| 1998-04 | 107.3 |
| 1998-05 | 107.9 |
| 1998-06 | 109.1 |
| 1998-07 | 110.4 |
| 1998-08 | 108.5 |
| 1998-09 | 106.7 |
| 1998-10 | 105.7 |
| 1998-11 | 105.4 |
| 1998-12 | 104.7 |
| 1999-01 | 104.0 |
| 1999-02 | 105.5 |
| 1999-03 | 106.8 |
| 1999-04 | 108.3 |
| 1999-05 | 108.5 |
| 1999-06 | 109.0 |
| 1999-07 | 109.8 |
| 1999-08 | 112.4 |
| 1999-09 | 114.9 |
| 1999-10 | 117.3 |
| 1999-11 | 118.2 |
| 1999-12 | 118.8 |
| 2000-01 | 119.2 |
| 2000-02 | 117.1 |
| 2000-03 | 115.0 |
| 2000-04 | 113.0 |
| 2000-05 | 116.9 |
| 2000-06 | 120.7 |
| 2000-07 | 117.4 |
| 2000-08 | 119.3 |
| 2000-09 | 120.3 |
| 2000-10 | 120.5 |
| 2000-11 | 122.6 |
| 2000-12 | 121.0 |
| 2001-01 | 118.9 |
| 2001-02 | 119.8 |
| 2001-03 | 118.7 |
| 2001-04 | 117.6 |
| 2001-05 | 113.4 |
| 2001-06 | 111.4 |
| 2001-07 | 107.4 |
| 2001-08 | 108.0 |
| 2001-09 | 107.8 |
| 2001-10 | 108.8 |
| 2001-11 | 102.9 |
| 2001-12 | 105.2 |
| 2002-01 | 102.7 |
| 2002-02 | 100.7 |
| 2002-03 | 102.4 |
| 2002-04 | 107.0 |
| 2002-05 | 104.3 |
| 2002-06 | 102.8 |
| 2002-07 | 103.7 |
| 2002-08 | 101.2 |
| 2002-09 | 98.1 |
| 2002-10 | 94.2 |
| 2002-11 | 97.8 |
| 2002-12 | 96.5 |
| 2003-01 | 97.6 |
| 2003-02 | 95.7 |
| 2003-03 | 91.8 |
| 2003-04 | 90.4 |
| 2003-05 | 89.5 |
| 2003-06 | 92.3 |
| 2003-07 | 93.3 |
| 2003-08 | 94.0 |
| 2003-09 | 94.2 |
| 2003-10 | 94.8 |
| 2003-11 | 93.9 |
| 2003-12 | 97.0 |
| 2004-01 | 98.6 |
| 2004-02 | 97.2 |
| 2004-03 | 100.8 |
| 2004-04 | 101.1 |
| 2004-05 | 104.2 |
| 2004-06 | 101.0 |
| 2004-07 | 101.9 |
| 2004-08 | 101.8 |
| 2004-09 | 101.4 |
| 2004-10 | 103.0 |
| 2004-11 | 103.3 |
| 2004-12 | 102.0 |
| 2005-01 | 102.3 |
| 2005-02 | 102.1 |
| 2005-03 | 104.9 |
| 2005-04 | 102.3 |
| 2005-05 | 102.9 |
| 2005-06 | 102.2 |
| 2005-07 | 102.8 |
| 2005-08 | 103.5 |
| 2005-09 | 103.9 |
| 2005-10 | 104.2 |
| 2005-11 | 103.8 |
| 2005-12 | 103.1 |
| 2006-01 | 104.1 |
| 2006-02 | 104.1 |
| 2006-03 | 104.6 |
| 2006-04 | 107.4 |
| 2006-05 | 108.6 |
| 2006-06 | 110.8 |
| 2006-07 | 110.4 |
| 2006-08 | 109.5 |
| 2006-09 | 108.3 |
| 2006-10 | 109.4 |
| 2006-11 | 111.1 |
| 2006-12 | 111.8 |
| 2007-01 | 109.8 |
| 2007-02 | 112.0 |
| 2007-03 | 111.6 |
| 2007-04 | 112.2 |
| 2007-05 | 114.1 |
| 2007-06 | 113.6 |
| 2007-07 | 111.7 |
| 2007-08 | 113.2 |
| 2007-09 | 114.1 |
| 2007-10 | 112.1 |
| 2007-11 | 113.8 |
| 2007-12 | 115.5 |
| 2008-01 | 114.7 |
| 2008-02 | 114.8 |
| 2008-03 | 113.0 |
| 2008-04 | 113.3 |
| 2008-05 | 108.6 |
| 2008-06 | 104.7 |
| 2008-07 | 105.7 |
| 2008-08 | 100.5 |
| 2008-09 | 99.3 |
| 2008-10 | 94.4 |
| 2008-11 | 87.0 |
| 2008-12 | 81.6 |
| 2009-01 | 78.8 |
| 2009-02 | 77.1 |
| 2009-03 | 70.9 |
| 2009-04 | 71.5 |
| 2009-05 | 70.5 |
| 2009-06 | 71.7 |
| 2009-07 | 75.9 |
| 2009-08 | 81.0 |
| 2009-09 | 80.2 |
| 2009-10 | 82.4 |
| 2009-11 | 84.8 |
| 2009-12 | 87.4 |
| 2010-01 | 88.9 |
| 2010-02 | 89.4 |
| 2010-03 | 92.2 |
| 2010-04 | 94.6 |
| 2010-05 | 96.5 |
| 2010-06 | 97.8 |
| 2010-07 | 98.1 |
| 2010-08 | 98.5 |
| 2010-09 | 100.1 |
| 2010-10 | 103.2 |
| 2010-11 | 104.3 |
| 2010-12 | 105.3 |
| 2011-01 | 103.5 |
| 2011-02 | 110.3 |
| 2011-03 | 109.1 |
| 2011-04 | 109.3 |
| 2011-05 | 111.1 |
| 2011-06 | 111.2 |
| 2011-07 | 109.5 |
| 2011-08 | 105.0 |
| 2011-09 | 103.1 |
| 2011-10 | 99.8 |
| 2011-11 | 100.0 |
| 2011-12 | 98.2 |
| 2012-01 | 96.8 |
| 2012-02 | 96.4 |
| 2012-03 | 98.1 |
| 2012-04 | 96.8 |
| 2012-05 | 93.9 |
| 2012-06 | 92.6 |
| 2012-07 | 91.0 |
| 2012-08 | 92.3 |
| 2012-09 | 90.1 |
| 2012-10 | 90.3 |
| 2012-11 | 88.7 |
| 2012-12 | 88.3 |
| 2013-01 | 91.2 |
| 2013-02 | 87.6 |
| 2013-03 | 86.7 |
| 2013-04 | 84.9 |
| 2013-05 | 84.5 |
| 2013-06 | 87.5 |
| 2013-07 | 88.7 |
| 2013-08 | 89.3 |
| 2013-09 | 90.9 |
| 2013-10 | 93.4 |
| 2013-11 | 91.9 |
| 2013-12 | 93.9 |
| 2014-01 | 94.2 |
| 2014-02 | 93.5 |
| 2014-03 | 94.4 |
| 2014-04 | 97.4 |
| 2014-05 | 96.2 |
| 2014-06 | 94.5 |
| 2014-07 | 94.9 |
| 2014-08 | 93.5 |
| 2014-09 | 93.7 |
| 2014-10 | 93.6 |
| 2014-11 | 93.4 |
| 2014-12 | 93.8 |
| 2015-01 | 92.8 |
| 2015-02 | 95.1 |
| 2015-03 | 94.4 |
| 2015-04 | 96.7 |
| 2015-05 | 96.8 |
| 2015-06 | 98.8 |
| 2015-07 | 99.3 |
| 2015-08 | 100.2 |
| 2015-09 | 99.9 |
| 2015-10 | 100.3 |
| 2015-11 | 101.3 |
| 2015-12 | 100.6 |
| 2016-01 | 101.7 |
| 2016-02 | 100.3 |
| 2016-03 | 99.1 |
| 2016-04 | 100.1 |
| 2016-05 | 102.0 |
| 2016-06 | 101.2 |
| 2016-07 | 104.2 |
| 2016-08 | 103.1 |
| 2016-09 | 104.8 |
| 2016-10 | 104.9 |
| 2016-11 | 105.0 |
| 2016-12 | 106.8 |
| 2017-01 | 105.4 |
| 2017-02 | 104.4 |
| 2017-03 | 107.4 |
| 2017-04 | 106.6 |
| 2017-05 | 107.2 |
| 2017-06 | 108.0 |
| 2017-07 | 107.4 |
| 2017-08 | 105.7 |
| 2017-09 | 107.0 |
| 2017-10 | 108.7 |
| 2017-11 | 108.5 |
| 2017-12 | 109.0 |
| 2018-01 | 109.4 |
| 2018-02 | 110.1 |
| 2018-03 | 109.8 |
| 2018-04 | 108.9 |
| 2018-05 | 109.1 |
| 2018-06 | 110.1 |
| 2018-07 | 108.4 |
| 2018-08 | 107.7 |
| 2018-09 | 107.4 |
| 2018-10 | 107.2 |
| 2018-11 | 105.4 |
| 2018-12 | 104.6 |
| 2019-01 | 105.0 |
| 2019-02 | 106.9 |
| 2019-03 | 107.0 |
| 2019-04 | 106.8 |
| 2019-05 | 104.6 |
| 2019-06 | 106.2 |
| 2019-07 | 106.1 |
| 2019-08 | 105.4 |
| 2019-09 | 105.9 |
| 2019-10 | 106.4 |
graphiqueFrench employment climate composite indicator
- Source: INSEE.
The turning point indicator points out a favourable short-term economic outlook
The turning point indicator for the French economy remains in the area indicating a favourable short-term economic outlook.
tableauTurning point indicators
| June 19 | July 19 | Aug. 19 | Sept. 19 | Oct. 19 | |
|---|---|---|---|---|---|
| France | 0.9 | 0.8 | 0.8 | 0.9 | 0.7 |
| Manufacturing | 0.1 | 0.3 | 0.7 | 0.6 | -0.1 |
| Building construction | 0.8 | 0.6 | 0.9 | 0.9 | 0.9 |
| Services | 0.9 | 0.8 | 0.7 | 0.7 | 0.6 |
| Wholesale trade | - | 0,1 | - | 0.4 | - |
- Source: INSEE, Business tendency surveys
tableauTurning-point indicator
| Turning-point indicator | |
|---|---|
| 2010-01 | 0.61 |
| 2010-02 | 0.53 |
| 2010-03 | 0.62 |
| 2010-04 | 0.83 |
| 2010-05 | 0.92 |
| 2010-06 | 0.81 |
| 2010-07 | 0.86 |
| 2010-08 | 0.99 |
| 2010-09 | 0.96 |
| 2010-10 | 0.98 |
| 2010-11 | 0.92 |
| 2010-12 | 0.99 |
| 2011-01 | 0.99 |
| 2011-02 | 0.99 |
| 2011-03 | 0.98 |
| 2011-04 | 0.89 |
| 2011-05 | 0.43 |
| 2011-06 | 0.65 |
| 2011-07 | 0.58 |
| 2011-08 | -0.95 |
| 2011-09 | -1.0 |
| 2011-10 | -0.78 |
| 2011-11 | -0.69 |
| 2011-12 | -0.55 |
| 2012-01 | -0.44 |
| 2012-02 | -0.85 |
| 2012-03 | 0.64 |
| 2012-04 | 0.2 |
| 2012-05 | -0.73 |
| 2012-06 | -0.9 |
| 2012-07 | -0.77 |
| 2012-08 | -0.58 |
| 2012-09 | -0.47 |
| 2012-10 | -0.98 |
| 2012-11 | -0.8 |
| 2012-12 | -0.62 |
| 2013-01 | -0.53 |
| 2013-02 | -0.82 |
| 2013-03 | -1.0 |
| 2013-04 | -0.98 |
| 2013-05 | -0.04 |
| 2013-06 | 0.41 |
| 2013-07 | 0.85 |
| 2013-08 | 0.99 |
| 2013-09 | 0.99 |
| 2013-10 | 0.81 |
| 2013-11 | 0.07 |
| 2013-12 | 0.38 |
| 2014-01 | 0.86 |
| 2014-02 | 0.75 |
| 2014-03 | 0.98 |
| 2014-04 | 0.63 |
| 2014-05 | 0.41 |
| 2014-06 | 0.29 |
| 2014-07 | 0.36 |
| 2014-08 | 0.33 |
| 2014-09 | 0.36 |
| 2014-10 | -0.13 |
| 2014-11 | 0.14 |
| 2014-12 | 0.13 |
| 2015-01 | 0.01 |
| 2015-02 | 0.0 |
| 2015-03 | 0.4 |
| 2015-04 | 0.64 |
| 2015-05 | 0.67 |
| 2015-06 | 0.61 |
| 2015-07 | 0.74 |
| 2015-08 | 0.86 |
| 2015-09 | 0.71 |
| 2015-10 | 0.7 |
| 2015-11 | 0.64 |
| 2015-12 | 0.6 |
| 2016-01 | 0.88 |
| 2016-02 | 0.8 |
| 2016-03 | 0.71 |
| 2016-04 | 0.68 |
| 2016-05 | 0.73 |
| 2016-06 | 0.15 |
| 2016-07 | 0.38 |
| 2016-08 | 0.41 |
| 2016-09 | 0.86 |
| 2016-10 | 0.88 |
| 2016-11 | 0.79 |
| 2016-12 | 0.81 |
| 2017-01 | 0.73 |
| 2017-02 | 0.93 |
| 2017-03 | 0.4 |
| 2017-04 | 0.71 |
| 2017-05 | 0.63 |
| 2017-06 | 0.91 |
| 2017-07 | 0.88 |
| 2017-08 | 0.96 |
| 2017-09 | 0.94 |
| 2017-10 | 0.86 |
| 2017-11 | 0.83 |
| 2017-12 | 0.99 |
| 2018-01 | 0.92 |
| 2018-02 | 0.5 |
| 2018-03 | 0.66 |
| 2018-04 | 0.64 |
| 2018-05 | 0.6 |
| 2018-06 | 0.88 |
| 2018-07 | 0.75 |
| 2018-08 | 0.7 |
| 2018-09 | 0.73 |
| 2018-10 | 0.63 |
| 2018-11 | 0.76 |
| 2018-12 | 0.65 |
| 2019-01 | 0.87 |
| 2019-02 | 0.81 |
| 2019-03 | 0.93 |
| 2019-04 | 0.41 |
| 2019-05 | 0.97 |
| 2019-06 | 0.87 |
| 2019-07 | 0.8 |
| 2019-08 | 0.81 |
| 2019-09 | 0.89 |
| 2019-10 | 0.74 |
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 last month, the composite business climate indicator in retail trade in September 2019 have been revised upwards by one point. This revision results mainly from the integration of late responses from companies. 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: 21 November 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: 21 November 2019 at 08:45 am
