22 January 2020
2020- n° 13In January 2020, the French business climate is virtually stable and the employment
climate has deteriorated Business climate indicator and turning point indicator - January 2020
In January 2020, the business climate is virtually stable. At 104, the composite indicator, compiled from the answers of business managers in the main market sectors, has dropped by one point but is still above its long-term mean (100).
The French business climate is virtually stable, above its long-term average
In January 2020, the business climate is virtually stable. At 104, the composite indicator, compiled from the answers of business managers in the main market sectors, has dropped by one point but is still above its long-term mean (100).
Compared to the previous month, the business climate has lost four points in retail trade and, compared to November, two points in wholesale trade. Compared to December, it is stable in services and in building construction and it has gained two points in manufacturing. In all sectors, the business climate has reached its long-term average or stands above it.
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 | 102.2 |
| 1999-02 | 102.2 |
| 1999-03 | 100.6 |
| 1999-04 | 101.4 |
| 1999-05 | 103.1 |
| 1999-06 | 102.5 |
| 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 | 112.6 |
| 2001-04 | 107.4 |
| 2001-05 | 105.1 |
| 2001-06 | 104.1 |
| 2001-07 | 101.8 |
| 2001-08 | 100.4 |
| 2001-09 | 98.7 |
| 2001-10 | 93.8 |
| 2001-11 | 94.0 |
| 2001-12 | 94.5 |
| 2002-01 | 95.8 |
| 2002-02 | 96.4 |
| 2002-03 | 98.4 |
| 2002-04 | 101.7 |
| 2002-05 | 102.9 |
| 2002-06 | 101.9 |
| 2002-07 | 99.0 |
| 2002-08 | 98.3 |
| 2002-09 | 97.2 |
| 2002-10 | 95.5 |
| 2002-11 | 96.9 |
| 2002-12 | 99.5 |
| 2003-01 | 95.9 |
| 2003-02 | 95.0 |
| 2003-03 | 89.6 |
| 2003-04 | 87.3 |
| 2003-05 | 92.0 |
| 2003-06 | 92.0 |
| 2003-07 | 94.4 |
| 2003-08 | 95.3 |
| 2003-09 | 95.3 |
| 2003-10 | 96.3 |
| 2003-11 | 100.4 |
| 2003-12 | 101.7 |
| 2004-01 | 105.7 |
| 2004-02 | 104.8 |
| 2004-03 | 105.0 |
| 2004-04 | 105.9 |
| 2004-05 | 105.7 |
| 2004-06 | 105.2 |
| 2004-07 | 106.6 |
| 2004-08 | 106.7 |
| 2004-09 | 106.5 |
| 2004-10 | 107.6 |
| 2004-11 | 105.2 |
| 2004-12 | 106.5 |
| 2005-01 | 106.0 |
| 2005-02 | 106.2 |
| 2005-03 | 105.8 |
| 2005-04 | 105.0 |
| 2005-05 | 102.8 |
| 2005-06 | 103.9 |
| 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 | 109.1 |
| 2006-02 | 107.2 |
| 2006-03 | 107.3 |
| 2006-04 | 108.1 |
| 2006-05 | 109.8 |
| 2006-06 | 109.2 |
| 2006-07 | 111.0 |
| 2006-08 | 111.2 |
| 2006-09 | 111.7 |
| 2006-10 | 111.6 |
| 2006-11 | 112.5 |
| 2006-12 | 110.9 |
| 2007-01 | 110.9 |
| 2007-02 | 112.5 |
| 2007-03 | 113.0 |
| 2007-04 | 113.7 |
| 2007-05 | 114.1 |
| 2007-06 | 115.2 |
| 2007-07 | 114.5 |
| 2007-08 | 113.2 |
| 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 | 105.7 |
| 2008-05 | 102.9 |
| 2008-06 | 100.0 |
| 2008-07 | 95.6 |
| 2008-08 | 94.2 |
| 2008-09 | 91.5 |
| 2008-10 | 82.5 |
| 2008-11 | 79.1 |
| 2008-12 | 75.3 |
| 2009-01 | 73.5 |
| 2009-02 | 71.0 |
| 2009-03 | 68.0 |
| 2009-04 | 68.9 |
| 2009-05 | 72.5 |
| 2009-06 | 75.4 |
| 2009-07 | 77.6 |
| 2009-08 | 81.4 |
| 2009-09 | 85.0 |
| 2009-10 | 87.6 |
| 2009-11 | 90.0 |
| 2009-12 | 90.6 |
| 2010-01 | 92.7 |
| 2010-02 | 93.1 |
| 2010-03 | 92.6 |
| 2010-04 | 96.8 |
| 2010-05 | 97.9 |
| 2010-06 | 97.6 |
| 2010-07 | 99.8 |
| 2010-08 | 102.1 |
| 2010-09 | 103.6 |
| 2010-10 | 104.7 |
| 2010-11 | 105.0 |
| 2010-12 | 106.7 |
| 2011-01 | 107.7 |
| 2011-02 | 108.5 |
| 2011-03 | 109.4 |
| 2011-04 | 109.2 |
| 2011-05 | 108.1 |
| 2011-06 | 108.4 |
| 2011-07 | 106.2 |
| 2011-08 | 101.0 |
| 2011-09 | 97.7 |
| 2011-10 | 96.3 |
| 2011-11 | 94.4 |
| 2011-12 | 92.9 |
| 2012-01 | 92.1 |
| 2012-02 | 91.9 |
| 2012-03 | 94.5 |
| 2012-04 | 95.1 |
| 2012-05 | 91.7 |
| 2012-06 | 90.5 |
| 2012-07 | 88.3 |
| 2012-08 | 87.8 |
| 2012-09 | 86.2 |
| 2012-10 | 84.1 |
| 2012-11 | 86.1 |
| 2012-12 | 86.7 |
| 2013-01 | 86.6 |
| 2013-02 | 86.6 |
| 2013-03 | 84.6 |
| 2013-04 | 83.0 |
| 2013-05 | 84.2 |
| 2013-06 | 85.3 |
| 2013-07 | 87.2 |
| 2013-08 | 90.5 |
| 2013-09 | 93.7 |
| 2013-10 | 93.4 |
| 2013-11 | 92.6 |
| 2013-12 | 92.5 |
| 2014-01 | 93.1 |
| 2014-02 | 93.0 |
| 2014-03 | 94.4 |
| 2014-04 | 94.2 |
| 2014-05 | 93.9 |
| 2014-06 | 92.8 |
| 2014-07 | 92.2 |
| 2014-08 | 90.9 |
| 2014-09 | 90.2 |
| 2014-10 | 90.3 |
| 2014-11 | 92.1 |
| 2014-12 | 92.3 |
| 2015-01 | 92.6 |
| 2015-02 | 93.4 |
| 2015-03 | 94.6 |
| 2015-04 | 95.7 |
| 2015-05 | 96.7 |
| 2015-06 | 97.5 |
| 2015-07 | 98.0 |
| 2015-08 | 99.5 |
| 2015-09 | 99.3 |
| 2015-10 | 100.3 |
| 2015-11 | 100.4 |
| 2015-12 | 98.9 |
| 2016-01 | 100.8 |
| 2016-02 | 99.9 |
| 2016-03 | 100.0 |
| 2016-04 | 99.9 |
| 2016-05 | 101.8 |
| 2016-06 | 100.1 |
| 2016-07 | 100.8 |
| 2016-08 | 100.4 |
| 2016-09 | 100.8 |
| 2016-10 | 101.1 |
| 2016-11 | 101.4 |
| 2016-12 | 103.7 |
| 2017-01 | 103.3 |
| 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 | 108.5 |
| 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 | 109.3 |
| 2018-04 | 108.5 |
| 2018-05 | 106.6 |
| 2018-06 | 106.5 |
| 2018-07 | 105.8 |
| 2018-08 | 105.1 |
| 2018-09 | 105.0 |
| 2018-10 | 103.8 |
| 2018-11 | 104.4 |
| 2018-12 | 101.5 |
| 2019-01 | 102.1 |
| 2019-02 | 103.1 |
| 2019-03 | 104.6 |
| 2019-04 | 105.3 |
| 2019-05 | 106.0 |
| 2019-06 | 106.2 |
| 2019-07 | 105.1 |
| 2019-08 | 105.3 |
| 2019-09 | 106.2 |
| 2019-10 | 105.4 |
| 2019-11 | 105.8 |
| 2019-12 | 105.0 |
| 2020-01 | 104.5 |
graphiqueFrench business climate composite indicator
- Source: INSEE.
tableauBusiness and employment climates
| Sep. 19 | Oct. 19 | Nov. 19 | Dec. 19 | Jan. 20 | |
|---|---|---|---|---|---|
| Business climates | |||||
| France | 106 | 105 | 106 | 105 | 104 |
| Manufacturing | 102 | 99 | 102 | 98 | 100 |
| Building construction | 112 | 112 | 111 | 111 | 111 |
| Services | 106 | 106 | 106 | 107 | 107 |
| Retail trade | 105 | 105 | 106 | 108 | 104 |
| Wholesale trade | 106 | 106 | 104 | ||
| Employment climate | |||||
| Employment | 106 | 106 | 107 | 107 | 105 |
- Source: INSEE, Business tendency surveys
The employment climate has deteriorated while staying at a fairly high level
In January 2020, the employment climate has deteriorated. The indicator that summarises it has lost two points and has returned to its August 2019 level. However, at 105, it remains clearly above its long-term average. This drop is mainly due to a deterioration in expected employment in services except temporary work agency activities.
tableauFrench employment climate composite indicator
| French employment climate composite indicator | |
|---|---|
| 1998-01 | 101.9 |
| 1998-02 | 103.7 |
| 1998-03 | 105.6 |
| 1998-04 | 107.3 |
| 1998-05 | 107.9 |
| 1998-06 | 109.0 |
| 1998-07 | 110.3 |
| 1998-08 | 108.5 |
| 1998-09 | 106.7 |
| 1998-10 | 105.6 |
| 1998-11 | 105.3 |
| 1998-12 | 104.7 |
| 1999-01 | 103.9 |
| 1999-02 | 105.4 |
| 1999-03 | 106.7 |
| 1999-04 | 108.3 |
| 1999-05 | 108.5 |
| 1999-06 | 109.0 |
| 1999-07 | 109.8 |
| 1999-08 | 112.3 |
| 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 | 122.7 |
| 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 | 102.8 |
| 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 | 102.7 |
| 2002-07 | 103.7 |
| 2002-08 | 101.2 |
| 2002-09 | 98.0 |
| 2002-10 | 94.1 |
| 2002-11 | 97.8 |
| 2002-12 | 96.5 |
| 2003-01 | 97.5 |
| 2003-02 | 95.7 |
| 2003-03 | 91.8 |
| 2003-04 | 90.3 |
| 2003-05 | 89.4 |
| 2003-06 | 92.2 |
| 2003-07 | 93.3 |
| 2003-08 | 94.0 |
| 2003-09 | 94.1 |
| 2003-10 | 94.8 |
| 2003-11 | 93.9 |
| 2003-12 | 96.9 |
| 2004-01 | 98.5 |
| 2004-02 | 97.1 |
| 2004-03 | 100.8 |
| 2004-04 | 101.1 |
| 2004-05 | 104.1 |
| 2004-06 | 100.9 |
| 2004-07 | 101.8 |
| 2004-08 | 101.8 |
| 2004-09 | 101.4 |
| 2004-10 | 103.0 |
| 2004-11 | 103.2 |
| 2004-12 | 102.0 |
| 2005-01 | 102.2 |
| 2005-02 | 102.0 |
| 2005-03 | 104.9 |
| 2005-04 | 102.2 |
| 2005-05 | 102.9 |
| 2005-06 | 102.2 |
| 2005-07 | 102.8 |
| 2005-08 | 103.5 |
| 2005-09 | 103.9 |
| 2005-10 | 104.1 |
| 2005-11 | 103.7 |
| 2005-12 | 103.0 |
| 2006-01 | 104.1 |
| 2006-02 | 104.0 |
| 2006-03 | 104.6 |
| 2006-04 | 107.3 |
| 2006-05 | 108.6 |
| 2006-06 | 110.8 |
| 2006-07 | 110.4 |
| 2006-08 | 109.6 |
| 2006-09 | 108.4 |
| 2006-10 | 109.3 |
| 2006-11 | 111.0 |
| 2006-12 | 111.7 |
| 2007-01 | 109.7 |
| 2007-02 | 111.9 |
| 2007-03 | 111.6 |
| 2007-04 | 112.2 |
| 2007-05 | 114.1 |
| 2007-06 | 113.6 |
| 2007-07 | 111.8 |
| 2007-08 | 113.3 |
| 2007-09 | 114.2 |
| 2007-10 | 112.1 |
| 2007-11 | 113.7 |
| 2007-12 | 115.3 |
| 2008-01 | 114.6 |
| 2008-02 | 114.8 |
| 2008-03 | 113.0 |
| 2008-04 | 113.3 |
| 2008-05 | 108.7 |
| 2008-06 | 104.7 |
| 2008-07 | 105.8 |
| 2008-08 | 100.6 |
| 2008-09 | 99.3 |
| 2008-10 | 94.3 |
| 2008-11 | 86.7 |
| 2008-12 | 81.3 |
| 2009-01 | 78.5 |
| 2009-02 | 77.0 |
| 2009-03 | 70.8 |
| 2009-04 | 71.4 |
| 2009-05 | 70.4 |
| 2009-06 | 71.7 |
| 2009-07 | 75.9 |
| 2009-08 | 81.0 |
| 2009-09 | 80.2 |
| 2009-10 | 82.3 |
| 2009-11 | 84.6 |
| 2009-12 | 87.1 |
| 2010-01 | 88.7 |
| 2010-02 | 89.3 |
| 2010-03 | 92.1 |
| 2010-04 | 94.5 |
| 2010-05 | 96.5 |
| 2010-06 | 97.7 |
| 2010-07 | 98.1 |
| 2010-08 | 98.5 |
| 2010-09 | 100.1 |
| 2010-10 | 103.1 |
| 2010-11 | 104.2 |
| 2010-12 | 105.1 |
| 2011-01 | 103.3 |
| 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 | 103.2 |
| 2011-10 | 99.7 |
| 2011-11 | 99.9 |
| 2011-12 | 98.1 |
| 2012-01 | 96.7 |
| 2012-02 | 96.4 |
| 2012-03 | 98.0 |
| 2012-04 | 96.8 |
| 2012-05 | 93.9 |
| 2012-06 | 92.6 |
| 2012-07 | 90.9 |
| 2012-08 | 92.2 |
| 2012-09 | 90.0 |
| 2012-10 | 90.2 |
| 2012-11 | 88.6 |
| 2012-12 | 88.2 |
| 2013-01 | 91.0 |
| 2013-02 | 87.5 |
| 2013-03 | 86.6 |
| 2013-04 | 84.8 |
| 2013-05 | 84.4 |
| 2013-06 | 87.3 |
| 2013-07 | 88.5 |
| 2013-08 | 89.2 |
| 2013-09 | 90.8 |
| 2013-10 | 93.3 |
| 2013-11 | 91.8 |
| 2013-12 | 93.8 |
| 2014-01 | 94.1 |
| 2014-02 | 93.4 |
| 2014-03 | 94.4 |
| 2014-04 | 97.3 |
| 2014-05 | 96.1 |
| 2014-06 | 94.4 |
| 2014-07 | 94.8 |
| 2014-08 | 93.4 |
| 2014-09 | 93.6 |
| 2014-10 | 93.5 |
| 2014-11 | 93.3 |
| 2014-12 | 93.8 |
| 2015-01 | 92.7 |
| 2015-02 | 95.1 |
| 2015-03 | 94.3 |
| 2015-04 | 96.7 |
| 2015-05 | 96.8 |
| 2015-06 | 98.7 |
| 2015-07 | 99.3 |
| 2015-08 | 100.1 |
| 2015-09 | 99.8 |
| 2015-10 | 100.2 |
| 2015-11 | 101.3 |
| 2015-12 | 100.5 |
| 2016-01 | 101.7 |
| 2016-02 | 100.2 |
| 2016-03 | 99.1 |
| 2016-04 | 100.0 |
| 2016-05 | 101.9 |
| 2016-06 | 101.1 |
| 2016-07 | 104.2 |
| 2016-08 | 103.0 |
| 2016-09 | 104.7 |
| 2016-10 | 104.9 |
| 2016-11 | 105.0 |
| 2016-12 | 106.7 |
| 2017-01 | 105.3 |
| 2017-02 | 104.3 |
| 2017-03 | 107.4 |
| 2017-04 | 106.5 |
| 2017-05 | 107.2 |
| 2017-06 | 107.9 |
| 2017-07 | 107.3 |
| 2017-08 | 105.6 |
| 2017-09 | 106.9 |
| 2017-10 | 108.7 |
| 2017-11 | 108.4 |
| 2017-12 | 109.0 |
| 2018-01 | 109.4 |
| 2018-02 | 110.0 |
| 2018-03 | 109.7 |
| 2018-04 | 108.9 |
| 2018-05 | 109.1 |
| 2018-06 | 110.0 |
| 2018-07 | 108.4 |
| 2018-08 | 107.6 |
| 2018-09 | 107.3 |
| 2018-10 | 107.3 |
| 2018-11 | 105.2 |
| 2018-12 | 104.6 |
| 2019-01 | 105.1 |
| 2019-02 | 106.8 |
| 2019-03 | 107.0 |
| 2019-04 | 106.7 |
| 2019-05 | 104.5 |
| 2019-06 | 106.1 |
| 2019-07 | 106.1 |
| 2019-08 | 105.4 |
| 2019-09 | 105.9 |
| 2019-10 | 106.0 |
| 2019-11 | 106.8 |
| 2019-12 | 107.2 |
| 2020-01 | 105.2 |
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
| Sept. 19 | Oct. 19 | Nov. 19 | Dec. 19 | Jan. 20 | |
|---|---|---|---|---|---|
| France | 0.9 | 0.7 | 0.8 | 0.9 | 0.9 |
| Manufacturing | 0.6 | -0.1 | 0.6 | 0.3 | 0.7 |
| Building construction | 0.9 | 0.9 | 0.8 | 0.8 | 0.9 |
| Services | 0.7 | 0.6 | 0.6 | 1.0 | 0.9 |
| Wholesale trade | 0.6 | 0.8 | 0.9 |
- 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 | 0.39 |
| 2016-08 | 0.42 |
| 2016-09 | 0.86 |
| 2016-10 | 0.88 |
| 2016-11 | 0.79 |
| 2016-12 | 0.82 |
| 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 |
| 2019-11 | 0.83 |
| 2019-12 | 0.9 |
| 2020-01 | 0.89 |
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 their first estimates in December, the composite business climate indicator in manufacturing has been revised downwards by four points and that of French business climate has been revised downwards by one point. Conversely, the composite employment climate indicator has been revised upwards by one point. The business climate in wholesale trade in November 2019, bimonthly, has been revised upwards by one point. These revisions result 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: 25 February 2020 at 08:45 am
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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: 25 February 2020 at 08:45 am
