Informations Rapides ·
20 January 2022 · n° 16
In January 2022, the business climate in retail trade and in trade and repair of vehicles
as a whole has lost steam Monthly survey of retailing - January 2022
In January 2022, the business climate in retail trade and trade and repair of vehicles as a whole has deteriorated. At 105, the indicator that synthesizes it has lost two points although it remains above its long-term average (100). This decline is mainly due to a deterioration in the balance of opinion on the general business outlook for the sector.
- The general business outlook is considered less favourable
- The balance of opinion on expected selling prices has stabilised at a very high level
- In retail trade (excluding trade and repair of vehicles), the business climate has remained dull
- In trade and repair of vehicles, the business climate has deteriorated
- Revisions
- For more information
In January 2022, the business climate in retail trade and trade and repair of vehicles as a whole has deteriorated. At 105, the indicator that synthesizes it has lost two points although it remains above its long-term average (100). This decline is mainly due to a deterioration in the balance of opinion on the general business outlook for the sector.
tableauComposite indicator
| Business climate synthetic indicator | |
|---|---|
| 2022-01 | 104.6 |
| 2021-12 | 107.0 |
| 2021-11 | 108.5 |
| 2021-10 | 106.1 |
| 2021-09 | 105.7 |
| 2021-08 | 108.8 |
| 2021-07 | 113.6 |
| 2021-06 | 115.8 |
| 2021-05 | 109.6 |
| 2021-04 | 91.9 |
| 2021-03 | 96.0 |
| 2021-02 | 89.4 |
| 2021-01 | 94.0 |
| 2020-12 | 92.7 |
| 2020-11 | 70.9 |
| 2020-10 | 95.0 |
| 2020-09 | 94.7 |
| 2020-08 | 94.2 |
| 2020-07 | 88.9 |
| 2020-06 | 85.6 |
| 2020-05 | 64.8 |
| 2020-04 | 61.5 |
| 2020-03 | 92.7 |
| 2020-02 | 106.0 |
| 2020-01 | 105.7 |
| 2019-12 | 107.5 |
| 2019-11 | 105.5 |
| 2019-10 | 105.2 |
| 2019-09 | 105.0 |
| 2019-08 | 101.2 |
| 2019-07 | 105.6 |
| 2019-06 | 104.5 |
| 2019-05 | 105.9 |
| 2019-04 | 107.6 |
| 2019-03 | 104.1 |
| 2019-02 | 102.4 |
| 2019-01 | 100.9 |
| 2018-12 | 98.5 |
| 2018-11 | 105.9 |
| 2018-10 | 105.8 |
| 2018-09 | 108.1 |
| 2018-08 | 112.2 |
| 2018-07 | 113.0 |
| 2018-06 | 112.3 |
| 2018-05 | 113.3 |
| 2018-04 | 113.3 |
| 2018-03 | 113.6 |
| 2018-02 | 115.7 |
| 2018-01 | 115.8 |
| 2017-12 | 115.1 |
| 2017-11 | 114.7 |
| 2017-10 | 114.9 |
| 2017-09 | 112.6 |
| 2017-08 | 109.1 |
| 2017-07 | 111.7 |
| 2017-06 | 110.7 |
| 2017-05 | 107.0 |
| 2017-04 | 105.5 |
| 2017-03 | 106.8 |
| 2017-02 | 105.7 |
| 2017-01 | 107.1 |
| 2016-12 | 107.6 |
| 2016-11 | 103.4 |
| 2016-10 | 101.9 |
| 2016-09 | 102.6 |
| 2016-08 | 104.2 |
| 2016-07 | 104.3 |
| 2016-06 | 103.3 |
| 2016-05 | 105.6 |
| 2016-04 | 102.8 |
| 2016-03 | 103.2 |
| 2016-02 | 102.2 |
| 2016-01 | 103.9 |
| 2015-12 | 101.1 |
| 2015-11 | 104.4 |
| 2015-10 | 107.4 |
| 2015-09 | 105.2 |
| 2015-08 | 105.6 |
| 2015-07 | 102.8 |
| 2015-06 | 103.5 |
| 2015-05 | 102.2 |
| 2015-04 | 102.1 |
| 2015-03 | 101.3 |
| 2015-02 | 100.9 |
| 2015-01 | 97.7 |
| 2014-12 | 94.1 |
| 2014-11 | 92.5 |
| 2014-10 | 89.1 |
| 2014-09 | 88.7 |
| 2014-08 | 90.6 |
| 2014-07 | 96.2 |
| 2014-06 | 94.4 |
| 2014-05 | 96.1 |
| 2014-04 | 96.0 |
| 2014-03 | 94.9 |
| 2014-02 | 94.5 |
| 2014-01 | 95.2 |
| 2013-12 | 94.2 |
| 2013-11 | 91.6 |
| 2013-10 | 95.4 |
| 2013-09 | 97.2 |
| 2013-08 | 93.4 |
| 2013-07 | 86.1 |
| 2013-06 | 85.1 |
| 2013-05 | 84.0 |
| 2013-04 | 84.4 |
| 2013-03 | 86.4 |
| 2013-02 | 89.3 |
| 2013-01 | 85.7 |
| 2012-12 | 88.2 |
| 2012-11 | 88.4 |
| 2012-10 | 87.8 |
| 2012-09 | 86.6 |
| 2012-08 | 90.8 |
| 2012-07 | 89.2 |
| 2012-06 | 93.1 |
| 2012-05 | 91.2 |
| 2012-04 | 96.2 |
| 2012-03 | 93.9 |
| 2012-02 | 90.9 |
| 2012-01 | 89.0 |
| 2011-12 | 93.4 |
| 2011-11 | 94.1 |
| 2011-10 | 95.0 |
| 2011-09 | 94.2 |
| 2011-08 | 98.6 |
| 2011-07 | 102.0 |
| 2011-06 | 102.5 |
| 2011-05 | 104.2 |
| 2011-04 | 103.1 |
| 2011-03 | 103.8 |
| 2011-02 | 106.1 |
| 2011-01 | 106.0 |
| 2010-12 | 107.2 |
| 2010-11 | 104.0 |
| 2010-10 | 106.8 |
| 2010-09 | 105.3 |
| 2010-08 | 105.4 |
| 2010-07 | 100.8 |
| 2010-06 | 100.3 |
| 2010-05 | 101.4 |
| 2010-04 | 102.5 |
| 2010-03 | 97.8 |
| 2010-02 | 98.4 |
| 2010-01 | 98.2 |
| 2009-12 | 96.5 |
| 2009-11 | 97.5 |
| 2009-10 | 92.1 |
| 2009-09 | 90.0 |
| 2009-08 | 86.9 |
| 2009-07 | 85.5 |
| 2009-06 | 79.7 |
| 2009-05 | 80.0 |
| 2009-04 | 76.3 |
| 2009-03 | 80.5 |
| 2009-02 | 79.3 |
| 2009-01 | 78.2 |
| 2008-12 | 77.3 |
| 2008-11 | 82.7 |
| 2008-10 | 81.6 |
| 2008-09 | 94.7 |
| 2008-08 | 93.7 |
| 2008-07 | 95.9 |
| 2008-06 | 99.3 |
| 2008-05 | 102.3 |
| 2008-04 | 103.3 |
| 2008-03 | 108.4 |
| 2008-02 | 107.9 |
| 2008-01 | 109.7 |
| 2007-12 | 113.6 |
| 2007-11 | 112.7 |
| 2007-10 | 110.9 |
| 2007-09 | 112.0 |
| 2007-08 | 114.5 |
| 2007-07 | 116.0 |
| 2007-06 | 119.2 |
| 2007-05 | 113.7 |
| 2007-04 | 112.2 |
| 2007-03 | 110.1 |
| 2007-02 | 111.2 |
| 2007-01 | 106.8 |
| 2006-12 | 107.6 |
| 2006-11 | 109.7 |
| 2006-10 | 111.0 |
| 2006-09 | 109.8 |
| 2006-08 | 109.1 |
| 2006-07 | 107.6 |
| 2006-06 | 106.9 |
| 2006-05 | 105.0 |
| 2006-04 | 102.9 |
| 2006-03 | 101.7 |
| 2006-02 | 101.7 |
| 2006-01 | 102.4 |
| 2005-12 | 103.1 |
| 2005-11 | 99.2 |
| 2005-10 | 100.7 |
| 2005-09 | 98.2 |
| 2005-08 | 97.1 |
| 2005-07 | 95.6 |
| 2005-06 | 97.4 |
| 2005-05 | 100.9 |
| 2005-04 | 103.0 |
| 2005-03 | 103.6 |
| 2005-02 | 103.3 |
| 2005-01 | 105.4 |
graphiqueComposite indicator
- Source: INSEE
The general business outlook is considered less favourable
In January 2022, the balance of opinion on the general business outlook for French trade as a whole has fallen again, more markedly than in the previous month, but it remains well above its long-term average. Conversely, the balance of opinion on past sales has continued to rise above its average. The one related to the expected trend in sales for the next three months is virtually stable above its own.
The balance of opinion concerning the change in the workforce size over the past three months has fallen, while that concerning the next three months is virtually stable. These two balances remain below their average.
The balance associated with the current level of stocks has decreased again and has deviated from its average.
The economic uncertainty felt by business managersis virtually unchanged compared to the previous month.
tableauTendency in retail trade and in trade and repair of motor vehicles
| Mean (1) | Oct. 21 | Nov. 21 | Dec. 21 | Jan. 22 | |
|---|---|---|---|---|---|
| Business climate | 100 | 106 | 109 | 107 | 105 |
| General business outlook | -28 | -2 | -3 | -9 | -18 |
| Recent sales | -7 | -20 | -13 | -5 | -2 |
| Expected sales | -3 | -12 | -4 | -6 | -7 |
| Ordering intentions | -7 | -7 | -1 | -2 | -2 |
| Stocks | 10 | -8 | -13 | -6 | -9 |
| Past selling prices (2) | -5 | 20 | 20 | ||
| Expected selling prices | -2 | 22 | 26 | 25 | 25 |
| Cash position (2) | -15 | -14 | -4 | ||
| Workforce size: recent trend | 0 | -7 | -7 | -6 | -9 |
| Workforce size: future trend | -3 | -6 | -5 | -6 | -5 |
| Economic uncertainty felt (3) | 34 | 32 | 34 | 36 | 35 |
- (1) Average since 1991 (2004 for recent and expected sales and ordering intentions, April 2021 for uncertainty felt).
- (2) Bi-monthly question (odd-numbered months).
- (3) Non-seasonally adjusted balance
- Source: INSEE - monthly survey in retail trade and in trade and repair of motor vehicles
tableauRecent sales and ordering intentions
| Ordering intentions | Recent sales | |
|---|---|---|
| 2022-01 | -2.0 | -2.2 |
| 2021-12 | -2.2 | -5.4 |
| 2021-11 | -0.8 | -12.5 |
| 2021-10 | -7.4 | -19.9 |
| 2021-09 | -5.1 | -15.2 |
| 2021-08 | 1.2 | 11.6 |
| 2021-07 | 3.8 | 1.1 |
| 2021-06 | 1.6 | -1.8 |
| 2021-05 | -3.6 | -10.3 |
| 2021-04 | -13.3 | -6.6 |
| 2021-03 | -8.6 | -15.9 |
| 2021-02 | -14.4 | -12.7 |
| 2021-01 | -12.7 | -3.5 |
| 2020-12 | -12.1 | -21.4 |
| 2020-11 | -37.3 | 6.1 |
| 2020-10 | -2.8 | -4.3 |
| 2020-09 | -8.6 | 2.6 |
| 2020-08 | -7.4 | -8.7 |
| 2020-07 | -8.2 | -40.7 |
| 2020-06 | -13.0 | -47.9 |
| 2020-05 | -43.3 | -56.0 |
| 2020-04 | -52.9 | -2.4 |
| 2020-03 | -12.5 | -4.2 |
| 2020-02 | -0.2 | 2.4 |
| 2020-01 | -2.6 | 12.7 |
| 2019-12 | 0.5 | -1.3 |
| 2019-11 | -1.3 | -6.9 |
| 2019-10 | -4.9 | -8.5 |
| 2019-09 | -4.9 | -2.8 |
| 2019-08 | -12.3 | -3.7 |
| 2019-07 | -3.6 | -2.1 |
| 2019-06 | -7.0 | -8.4 |
| 2019-05 | -2.6 | -10.8 |
| 2019-04 | 3.3 | -12.2 |
| 2019-03 | -2.5 | -17.9 |
| 2019-02 | -6.2 | -9.8 |
| 2019-01 | -6.8 | -7.7 |
| 2018-12 | -6.5 | -9.2 |
| 2018-11 | -0.9 | -7.7 |
| 2018-10 | -3.7 | -10.2 |
| 2018-09 | 0.7 | -1.3 |
| 2018-08 | 8.5 | 2.0 |
| 2018-07 | 5.1 | -0.2 |
| 2018-06 | 5.9 | -8.0 |
| 2018-05 | 5.7 | -6.7 |
| 2018-04 | 4.4 | -9.0 |
| 2018-03 | 2.1 | -8.5 |
| 2018-02 | 3.9 | 4.9 |
| 2018-01 | 5.4 | 3.2 |
| 2017-12 | 5.3 | 0.3 |
| 2017-11 | 8.1 | -6.8 |
| 2017-10 | 9.4 | -3.2 |
| 2017-09 | 3.9 | -5.2 |
| 2017-08 | -6.1 | 0.3 |
| 2017-07 | 0.4 | 7.9 |
| 2017-06 | -0.2 | -5.1 |
| 2017-05 | -0.7 | -5.1 |
| 2017-04 | -1.5 | -12.2 |
| 2017-03 | 0.3 | -2.2 |
| 2017-02 | -0.6 | 4.3 |
| 2017-01 | 0.2 | 2.5 |
| 2016-12 | -0.1 | -1.2 |
| 2016-11 | -9.2 | -6.3 |
| 2016-10 | -8.2 | -10.7 |
| 2016-09 | -6.1 | -10.5 |
| 2016-08 | -3.9 | -4.1 |
| 2016-07 | -5.1 | -5.1 |
| 2016-06 | -3.7 | -4.0 |
| 2016-05 | -3.8 | 4.8 |
| 2016-04 | -8.7 | 1.5 |
| 2016-03 | -3.5 | -5.2 |
| 2016-02 | -6.8 | -9.2 |
| 2016-01 | -6.1 | -4.9 |
| 2015-12 | -5.2 | -15.3 |
| 2015-11 | -3.5 | 3.0 |
| 2015-10 | 0.3 | 4.4 |
| 2015-09 | -2.6 | 1.6 |
| 2015-08 | -1.5 | 8.0 |
| 2015-07 | -6.3 | -0.6 |
| 2015-06 | -1.3 | -8.3 |
| 2015-05 | -3.0 | -4.4 |
| 2015-04 | -2.2 | -2.6 |
| 2015-03 | -3.3 | -5.4 |
| 2015-02 | -1.9 | -4.3 |
| 2015-01 | -4.9 | -8.6 |
| 2014-12 | -12.7 | -10.2 |
| 2014-11 | -13.6 | -14.7 |
| 2014-10 | -16.8 | -23.7 |
| 2014-09 | -18.4 | -30.6 |
| 2014-08 | -17.3 | -19.8 |
| 2014-07 | -10.3 | -5.9 |
| 2014-06 | -13.8 | -11.9 |
| 2014-05 | -11.3 | -14.8 |
| 2014-04 | -9.6 | -21.3 |
| 2014-03 | -11.1 | -16.9 |
| 2014-02 | -13.3 | -13.1 |
| 2014-01 | -12.7 | -10.7 |
| 2013-12 | -15.2 | -10.6 |
| 2013-11 | -13.5 | -12.9 |
| 2013-10 | -13.4 | -11.5 |
| 2013-09 | -7.5 | -12.8 |
| 2013-08 | -13.4 | -18.3 |
| 2013-07 | -23.1 | -26.0 |
| 2013-06 | -19.4 | -24.4 |
| 2013-05 | -21.7 | -29.8 |
| 2013-04 | -19.6 | -31.8 |
| 2013-03 | -17.1 | -25.9 |
| 2013-02 | -14.0 | -27.2 |
| 2013-01 | -25.5 | -17.3 |
| 2012-12 | -17.7 | -21.2 |
| 2012-11 | -18.5 | -16.4 |
| 2012-10 | -19.3 | -23.0 |
| 2012-09 | -21.7 | -23.8 |
| 2012-08 | -15.1 | -8.3 |
| 2012-07 | -15.4 | -19.5 |
| 2012-06 | -12.9 | -18.3 |
| 2012-05 | -16.8 | -14.8 |
| 2012-04 | -13.7 | -8.1 |
| 2012-03 | -16.0 | -12.3 |
| 2012-02 | -15.4 | -15.4 |
| 2012-01 | -19.9 | -20.3 |
| 2011-12 | -13.9 | -17.5 |
| 2011-11 | -12.6 | -13.0 |
| 2011-10 | -13.5 | -15.7 |
| 2011-09 | -13.1 | -17.4 |
| 2011-08 | -11.3 | -6.5 |
| 2011-07 | -11.6 | -9.4 |
| 2011-06 | -11.4 | 0.1 |
| 2011-05 | -7.9 | 3.6 |
| 2011-04 | -7.2 | 1.7 |
| 2011-03 | -5.8 | -6.4 |
| 2011-02 | -2.4 | 1.6 |
| 2011-01 | -1.8 | 4.3 |
| 2010-12 | -1.3 | 4.1 |
| 2010-11 | -4.9 | -8.0 |
| 2010-10 | 1.3 | -3.9 |
| 2010-09 | -2.3 | -1.8 |
| 2010-08 | -1.6 | 4.0 |
| 2010-07 | -7.9 | -5.3 |
| 2010-06 | -4.7 | -1.0 |
| 2010-05 | -7.0 | 2.1 |
| 2010-04 | -4.5 | -2.7 |
| 2010-03 | -10.0 | -20.1 |
| 2010-02 | -9.9 | -13.0 |
| 2010-01 | -13.4 | -4.7 |
graphiqueRecent sales and ordering intentions
- Source: INSEE
The balance of opinion on expected selling prices has stabilised at a very high level
In January 2022, the balance of opinion on expected selling prices for the next three months, as well as the bimonthly one concerning price development over the last three months are stable at their highest levels since the beginning of these series (1991). The balance on cash position has strongly increased to its highest level since 2002.
tableauExpected prices in retail trade
| Expected prices | |
|---|---|
| 2022-01 | 25.0 |
| 2021-12 | 25.0 |
| 2021-11 | 26.1 |
| 2021-10 | 22.1 |
| 2021-09 | 12.7 |
| 2021-08 | 14.8 |
| 2021-07 | 13.8 |
| 2021-06 | 10.7 |
| 2021-05 | 5.3 |
| 2021-04 | 1.3 |
| 2021-03 | 2.2 |
| 2021-02 | -0.5 |
| 2021-01 | -0.2 |
| 2020-12 | -3.8 |
| 2020-11 | -4.2 |
| 2020-10 | 1.5 |
| 2020-09 | -1.2 |
| 2020-08 | 0.3 |
| 2020-07 | -2.2 |
| 2020-06 | -3.0 |
| 2020-05 | -6.8 |
| 2020-04 | -7.4 |
| 2020-03 | -1.0 |
| 2020-02 | 1.9 |
| 2020-01 | -0.7 |
| 2019-12 | 3.1 |
| 2019-11 | 1.0 |
| 2019-10 | 2.8 |
| 2019-09 | 0.1 |
| 2019-08 | -0.6 |
| 2019-07 | -0.8 |
| 2019-06 | -2.7 |
| 2019-05 | 0.6 |
| 2019-04 | 3.1 |
| 2019-03 | 1.3 |
| 2019-02 | 0.0 |
| 2019-01 | -3.3 |
| 2018-12 | 4.0 |
| 2018-11 | -1.8 |
| 2018-10 | -1.4 |
| 2018-09 | -0.8 |
| 2018-08 | -1.2 |
| 2018-07 | 1.0 |
| 2018-06 | -2.9 |
| 2018-05 | -1.4 |
| 2018-04 | -2.4 |
| 2018-03 | -3.1 |
| 2018-02 | 0.6 |
| 2018-01 | -3.8 |
| 2017-12 | -1.6 |
| 2017-11 | 1.0 |
| 2017-10 | 3.3 |
| 2017-09 | -2.7 |
| 2017-08 | -0.1 |
| 2017-07 | -2.4 |
| 2017-06 | -1.8 |
| 2017-05 | -7.5 |
| 2017-04 | -3.7 |
| 2017-03 | -0.7 |
| 2017-02 | -4.7 |
| 2017-01 | 0.0 |
| 2016-12 | -0.7 |
| 2016-11 | -1.2 |
| 2016-10 | -7.3 |
| 2016-09 | -6.5 |
| 2016-08 | -4.2 |
| 2016-07 | -4.5 |
| 2016-06 | -7.6 |
| 2016-05 | -4.7 |
| 2016-04 | -6.4 |
| 2016-03 | -5.1 |
| 2016-02 | -6.6 |
| 2016-01 | -8.3 |
| 2015-12 | -7.5 |
| 2015-11 | -2.8 |
| 2015-10 | -3.0 |
| 2015-09 | -7.2 |
| 2015-08 | -7.8 |
| 2015-07 | -5.6 |
| 2015-06 | -3.1 |
| 2015-05 | -7.4 |
| 2015-04 | -5.3 |
| 2015-03 | -9.3 |
| 2015-02 | -10.0 |
| 2015-01 | -11.7 |
| 2014-12 | -11.4 |
| 2014-11 | -11.8 |
| 2014-10 | -13.8 |
| 2014-09 | -14.0 |
| 2014-08 | -12.2 |
| 2014-07 | -9.7 |
| 2014-06 | -13.9 |
| 2014-05 | -14.2 |
| 2014-04 | -16.4 |
| 2014-03 | -12.7 |
| 2014-02 | -10.3 |
| 2014-01 | -2.4 |
| 2013-12 | -1.0 |
| 2013-11 | -3.6 |
| 2013-10 | -2.9 |
| 2013-09 | -0.5 |
| 2013-08 | -3.5 |
| 2013-07 | -1.6 |
| 2013-06 | -6.9 |
| 2013-05 | -0.7 |
| 2013-04 | -13.8 |
| 2013-03 | -1.6 |
| 2013-02 | -8.2 |
| 2013-01 | -6.3 |
| 2012-12 | -1.6 |
| 2012-11 | -5.0 |
| 2012-10 | -4.8 |
| 2012-09 | -0.9 |
| 2012-08 | -3.6 |
| 2012-07 | -1.8 |
| 2012-06 | -2.0 |
| 2012-05 | -1.6 |
| 2012-04 | -1.2 |
| 2012-03 | 3.7 |
| 2012-02 | 3.7 |
| 2012-01 | 5.1 |
| 2011-12 | 7.1 |
| 2011-11 | 4.8 |
| 2011-10 | 3.3 |
| 2011-09 | 3.3 |
| 2011-08 | 5.2 |
| 2011-07 | 4.8 |
| 2011-06 | 5.2 |
| 2011-05 | 9.7 |
| 2011-04 | 9.0 |
| 2011-03 | 7.6 |
| 2011-02 | 5.8 |
| 2011-01 | 2.5 |
| 2010-12 | -1.4 |
| 2010-11 | -0.2 |
| 2010-10 | 0.8 |
| 2010-09 | -1.7 |
| 2010-08 | -5.0 |
| 2010-07 | -3.6 |
| 2010-06 | -0.8 |
| 2010-05 | -3.4 |
| 2010-04 | -4.2 |
| 2010-03 | -4.3 |
| 2010-02 | -5.0 |
| 2010-01 | -5.7 |
| 2009-12 | -5.7 |
| 2009-11 | -9.3 |
| 2009-10 | -8.0 |
| 2009-09 | -4.9 |
| 2009-08 | -11.4 |
| 2009-07 | -5.7 |
| 2009-06 | -16.4 |
| 2009-05 | -17.4 |
| 2009-04 | -18.3 |
| 2009-03 | -30.6 |
| 2009-02 | -17.4 |
| 2009-01 | -17.8 |
| 2008-12 | -20.4 |
| 2008-11 | -26.8 |
| 2008-10 | -6.3 |
| 2008-09 | -15.4 |
| 2008-08 | 4.6 |
| 2008-07 | 6.0 |
| 2008-06 | 3.8 |
| 2008-05 | 1.9 |
| 2008-04 | 1.5 |
| 2008-03 | 8.1 |
| 2008-02 | 1.5 |
| 2008-01 | 5.4 |
| 2007-12 | 3.1 |
| 2007-11 | 14.5 |
| 2007-10 | 0.0 |
| 2007-09 | 7.8 |
| 2007-08 | 0.7 |
| 2007-07 | -6.0 |
| 2007-06 | -5.0 |
| 2007-05 | -1.7 |
| 2007-04 | -8.9 |
| 2007-03 | -5.8 |
| 2007-02 | -1.7 |
| 2007-01 | -6.2 |
graphiqueExpected prices in retail trade
- Source: INSEE
In retail trade (excluding trade and repair of vehicles), the business climate has remained dull
In January 2022, in retail trade, the business climate is stable. At 98, the composite indicator stands below its long-term average (100). This stability is the result of several moves that offset each other, mainly the rise in the balance of opinion on the expected workforce size on the one hand and the fall in the balance on the general business outlook for the sector on the other hand.
The opinion of retailers on the general business outlook for the next three months has somewhat deteriorated. In fact, the balance related to the general business outlook for the sector has clearly decreased, while it remains above its average. The balance of opinion on ordering intentions has also fallen back but remains above its own. The one on expected sales, virtually stable, is very close to its average.
The balance of opinion on the change in the workforce size over the last three months has fallen due to the generalist retail trade and has deviated from its average. However, employment prospects have been improving a little: the balance of opinion on the expected change in the workforce size over the next three months has recovered thanks to general retail trade and has approached its average.
The balances relating to the current level of stocks and the one on past sales have increased again. The first has approached its average while the second has deviated from its own.
The balances of opinion on selling prices have reached record levels. The one on expected selling prices has resumed its rise, especially in specialized retail, and has reached a level not seen since the beginning of this series (1991). The bimonthly balance of opinion on selling prices for the last three months is stable at its historical level reached last November.
The balance of opinion on the cash position has risen sharply and stands at its highest level since 2002.
In trade and repair of vehicles, the business climate has deteriorated
In trade and repair of vehicles, the business climate has fallen in January 2022. At 103, it has lost two points but it remains above its long-term average (100). This fall is mainly due to a deterioration in the balance of opinion related to the general business outlook for the sector.
This latter balance has fallen back very sharply and has returned to its average. However, the balance of opinion on ordering intentions has risen for the third month in a row and exceeds its average.
The balance relating to the current level of stocks has decreased and has approached its historically low level observed last November.
With regard to employment, the balances on the change in the workforce size over the last three and the next three months have fallen back but remain above their respective average.
The balance of opinion on expected prices has decreased but remains at a high level after its peak reached last December, while the bimonthly balance on past prices remains at a level not seen since the start of this series (2003).
The balance of opinion on the cash position has risen sharply and stands at its highest level since the start of this series (2003).
tableauRecent sales and ordering intentions in trade and repair of motor vehicles
| Ordering intentions | Recent sales | |
|---|---|---|
| 2022-01 | -0.9 | -18.1 |
| 2021-12 | -8.5 | -18.1 |
| 2021-11 | -12.0 | -32.2 |
| 2021-10 | -16.1 | -24.0 |
| 2021-09 | -8.0 | -19.9 |
| 2021-08 | 2.6 | 7.9 |
| 2021-07 | 7.3 | 7.7 |
| 2021-06 | 9.6 | 6.5 |
| 2021-05 | -1.7 | -7.8 |
| 2021-04 | -6.0 | -8.3 |
| 2021-03 | -7.2 | -27.2 |
| 2021-02 | -20.6 | -15.2 |
| 2021-01 | -11.7 | -17.7 |
| 2020-12 | -7.7 | -25.9 |
| 2020-11 | -51.2 | 13.9 |
| 2020-10 | -3.0 | 10.3 |
| 2020-09 | -0.6 | 11.8 |
| 2020-08 | 1.5 | 2.1 |
| 2020-07 | 12.7 | -62.6 |
| 2020-06 | -9.8 | -80.4 |
| 2020-05 | -68.3 | -84.3 |
| 2020-04 | -86.6 | -13.4 |
| 2020-03 | -13.2 | 9.4 |
| 2020-02 | 4.2 | 11.6 |
| 2020-01 | 5.2 | 23.2 |
| 2019-12 | 0.0 | 2.8 |
| 2019-11 | -1.7 | -1.1 |
| 2019-10 | 0.9 | 1.0 |
| 2019-09 | -0.2 | -1.1 |
| 2019-08 | 0.8 | 13.3 |
| 2019-07 | 2.0 | 9.4 |
| 2019-06 | 4.5 | -1.3 |
| 2019-05 | 3.8 | -5.1 |
| 2019-04 | 0.0 | -0.8 |
| 2019-03 | 1.7 | -10.4 |
| 2019-02 | 0.4 | -10.4 |
| 2019-01 | -0.2 | -11.5 |
| 2018-12 | 1.2 | -2.9 |
| 2018-11 | 4.8 | 1.4 |
| 2018-10 | 2.8 | 4.3 |
| 2018-09 | 3.6 | 9.6 |
| 2018-08 | 5.8 | 15.7 |
| 2018-07 | 7.0 | 22.8 |
| 2018-06 | 6.7 | 15.0 |
| 2018-05 | 12.5 | 9.2 |
| 2018-04 | 11.3 | 16.3 |
| 2018-03 | 9.4 | 12.2 |
| 2018-02 | 16.8 | 21.3 |
| 2018-01 | 13.9 | 23.7 |
| 2017-12 | 9.4 | 14.7 |
| 2017-11 | 12.8 | 12.7 |
| 2017-10 | 12.2 | 2.5 |
| 2017-09 | 9.4 | 1.9 |
| 2017-08 | 0.5 | 15.1 |
| 2017-07 | 3.6 | 12.7 |
| 2017-06 | 2.3 | -2.9 |
| 2017-05 | -0.3 | 2.3 |
| 2017-04 | 2.9 | 10.2 |
| 2017-03 | 4.5 | 7.0 |
| 2017-02 | -3.8 | 6.9 |
| 2017-01 | -5.2 | 9.9 |
| 2016-12 | -2.4 | 2.4 |
| 2016-11 | -3.6 | 4.7 |
| 2016-10 | -1.7 | -2.4 |
| 2016-09 | -3.9 | -3.6 |
| 2016-08 | 2.2 | 12.4 |
| 2016-07 | 3.2 | 16.6 |
| 2016-06 | 3.7 | 13.7 |
| 2016-05 | -1.9 | 13.6 |
| 2016-04 | -0.5 | 13.9 |
| 2016-03 | 2.7 | 5.7 |
| 2016-02 | 3.4 | 2.0 |
| 2016-01 | 3.5 | -0.2 |
| 2015-12 | 4.6 | 3.3 |
| 2015-11 | 3.5 | 6.8 |
| 2015-10 | -0.8 | 4.0 |
| 2015-09 | 3.0 | -5.1 |
| 2015-08 | -1.1 | 20.8 |
| 2015-07 | -7.2 | 11.2 |
| 2015-06 | 6.4 | 11.9 |
| 2015-05 | 3.2 | 17.9 |
| 2015-04 | 1.0 | 17.6 |
| 2015-03 | 0.0 | 1.7 |
| 2015-02 | -1.9 | -0.6 |
| 2015-01 | -0.2 | 7.8 |
| 2014-12 | -4.3 | -2.8 |
| 2014-11 | -10.9 | 3.0 |
| 2014-10 | -15.0 | -20.4 |
| 2014-09 | -21.5 | -25.3 |
| 2014-08 | -12.5 | -10.8 |
| 2014-07 | -8.7 | -6.5 |
| 2014-06 | -14.3 | -9.3 |
| 2014-05 | -10.6 | -4.4 |
| 2014-04 | -10.5 | -13.7 |
| 2014-03 | -10.3 | -12.3 |
| 2014-02 | -16.4 | -17.0 |
| 2014-01 | -13.4 | -12.2 |
| 2013-12 | -17.4 | -15.4 |
| 2013-11 | -14.7 | -17.5 |
| 2013-10 | -10.5 | -23.0 |
| 2013-09 | -12.1 | -17.1 |
| 2013-08 | -18.0 | -27.2 |
| 2013-07 | -19.9 | -21.3 |
| 2013-06 | -20.9 | -29.8 |
| 2013-05 | -24.5 | -29.2 |
| 2013-04 | -27.0 | -38.6 |
| 2013-03 | -25.6 | -43.4 |
| 2013-02 | -17.4 | -43.9 |
| 2013-01 | -35.4 | -29.8 |
| 2012-12 | -31.0 | -35.3 |
| 2012-11 | -31.4 | -35.1 |
| 2012-10 | -47.7 | -50.2 |
| 2012-09 | -35.8 | -32.3 |
| 2012-08 | -25.9 | -24.4 |
| 2012-07 | -34.9 | -37.3 |
| 2012-06 | -28.8 | -35.6 |
| 2012-05 | -22.9 | -26.3 |
| 2012-04 | -15.8 | -31.5 |
| 2012-03 | -25.9 | -32.6 |
| 2012-02 | -19.5 | -31.9 |
| 2012-01 | -35.0 | -22.4 |
| 2011-12 | -15.4 | -9.9 |
| 2011-11 | -20.4 | -4.3 |
| 2011-10 | -10.1 | -17.3 |
| 2011-09 | -16.8 | -25.4 |
| 2011-08 | -12.2 | -11.8 |
| 2011-07 | -10.3 | -7.5 |
| 2011-06 | -15.6 | 1.3 |
| 2011-05 | -15.5 | 2.4 |
| 2011-04 | -14.5 | 9.1 |
| 2011-03 | -11.6 | 2.2 |
| 2011-02 | -8.3 | 10.5 |
| 2011-01 | -7.9 | 16.7 |
| 2010-12 | -9.6 | 10.8 |
| 2010-11 | -6.9 | -6.9 |
| 2010-10 | -6.9 | -8.7 |
| 2010-09 | -7.3 | -16.0 |
| 2010-08 | -14.3 | -7.5 |
| 2010-07 | -15.5 | -6.3 |
| 2010-06 | -14.4 | -14.7 |
| 2010-05 | -21.5 | -0.4 |
| 2010-04 | -14.8 | -3.5 |
| 2010-03 | -21.7 | -22.9 |
| 2010-02 | -19.2 | 0.8 |
| 2010-01 | -14.3 | 12.0 |
graphiqueRecent sales and ordering intentions in trade and repair of motor vehicles
- Source: INSEE
tableauBusiness climate synthetic indicator in retail trade and in trade and repair of motor vehicles
| Trade and repair of motor vehicles | Retail trade | |
|---|---|---|
| 2022-01 | 103.4 | 98.3 |
| 2021-12 | 105.3 | 98.1 |
| 2021-11 | 100.3 | 101.0 |
| 2021-10 | 102.8 | 98.7 |
| 2021-09 | 104.4 | 96.1 |
| 2021-08 | 107.9 | 99.6 |
| 2021-07 | 111.2 | 101.6 |
| 2021-06 | 116.4 | 98.5 |
| 2021-05 | 105.5 | 96.7 |
| 2021-04 | 95.5 | 85.6 |
| 2021-03 | 96.4 | 90.3 |
| 2021-02 | 90.8 | 84.9 |
| 2021-01 | 92.2 | 96.0 |
| 2020-12 | 95.0 | 82.7 |
| 2020-11 | 81.8 | 66.1 |
| 2020-10 | 100.4 | 85.0 |
| 2020-09 | 102.5 | 84.9 |
| 2020-08 | 102.0 | 86.2 |
| 2020-07 | 97.4 | 76.7 |
| 2020-06 | 87.5 | 72.7 |
| 2020-05 | 68.9 | 58.5 |
| 2020-04 | 65.1 | 59.7 |
| 2020-03 | 100.0 | 83.0 |
| 2020-02 | 110.6 | 93.4 |
| 2020-01 | 110.8 | 95.2 |
| 2019-12 | 108.6 | 97.3 |
| 2019-11 | 108.0 | 92.3 |
| 2019-10 | 108.2 | 95.5 |
| 2019-09 | 108.4 | 94.6 |
| 2019-08 | 109.6 | 88.2 |
| 2019-07 | 108.3 | 99.4 |
| 2019-06 | 109.0 | 97.9 |
| 2019-05 | 110.1 | 100.2 |
| 2019-04 | 109.0 | 101.2 |
| 2019-03 | 108.6 | 96.8 |
| 2019-02 | 106.8 | 97.2 |
| 2019-01 | 107.4 | 96.3 |
| 2018-12 | 108.5 | 95.0 |
| 2018-11 | 111.8 | 100.7 |
| 2018-10 | 112.1 | 99.4 |
| 2018-09 | 112.3 | 102.3 |
| 2018-08 | 112.7 | 106.3 |
| 2018-07 | 115.7 | 109.4 |
| 2018-06 | 116.4 | 106.8 |
| 2018-05 | 116.8 | 106.1 |
| 2018-04 | 117.2 | 106.2 |
| 2018-03 | 116.4 | 107.6 |
| 2018-02 | 119.0 | 108.2 |
| 2018-01 | 116.9 | 108.2 |
| 2017-12 | 115.8 | 106.4 |
| 2017-11 | 115.9 | 106.6 |
| 2017-10 | 114.9 | 106.5 |
| 2017-09 | 113.3 | 104.7 |
| 2017-08 | 112.0 | 104.0 |
| 2017-07 | 112.5 | 103.4 |
| 2017-06 | 110.9 | 104.8 |
| 2017-05 | 108.5 | 102.1 |
| 2017-04 | 107.7 | 100.6 |
| 2017-03 | 109.0 | 103.1 |
| 2017-02 | 106.6 | 100.5 |
| 2017-01 | 107.5 | 100.6 |
| 2016-12 | 108.3 | 101.7 |
| 2016-11 | 106.5 | 98.0 |
| 2016-10 | 106.2 | 98.6 |
| 2016-09 | 105.6 | 97.9 |
| 2016-08 | 107.2 | 100.5 |
| 2016-07 | 109.5 | 99.4 |
| 2016-06 | 109.0 | 97.1 |
| 2016-05 | 108.3 | 99.0 |
| 2016-04 | 107.3 | 97.2 |
| 2016-03 | 106.1 | 96.8 |
| 2016-02 | 107.1 | 95.7 |
| 2016-01 | 106.5 | 99.5 |
| 2015-12 | 105.9 | 95.9 |
| 2015-11 | 107.3 | 95.6 |
| 2015-10 | 106.6 | 103.0 |
| 2015-09 | 107.2 | 100.1 |
| 2015-08 | 109.3 | 98.4 |
| 2015-07 | 104.8 | 99.3 |
| 2015-06 | 108.1 | 97.6 |
| 2015-05 | 108.6 | 95.6 |
| 2015-04 | 107.1 | 94.9 |
| 2015-03 | 105.2 | 96.5 |
| 2015-02 | 101.8 | 98.3 |
| 2015-01 | 102.5 | 92.6 |
| 2014-12 | 99.0 | 93.3 |
| 2014-11 | 98.0 | 90.8 |
| 2014-10 | 94.9 | 88.2 |
| 2014-09 | 92.5 | 89.0 |
| 2014-08 | 95.4 | 90.5 |
| 2014-07 | 97.7 | 95.9 |
| 2014-06 | 94.5 | 95.4 |
| 2014-05 | 96.9 | 97.8 |
| 2014-04 | 98.1 | 97.0 |
| 2014-03 | 94.8 | 94.7 |
| 2014-02 | 93.2 | 95.6 |
| 2014-01 | 93.9 | 97.0 |
| 2013-12 | 93.7 | 95.9 |
| 2013-11 | 92.4 | 90.0 |
| 2013-10 | 94.1 | 97.0 |
| 2013-09 | 94.7 | 96.3 |
| 2013-08 | 91.0 | 94.7 |
| 2013-07 | 87.7 | 88.0 |
| 2013-06 | 85.9 | 87.4 |
| 2013-05 | 82.5 | 88.4 |
| 2013-04 | 80.7 | 88.6 |
| 2013-03 | 80.4 | 90.7 |
| 2013-02 | 84.3 | 91.3 |
| 2013-01 | 82.4 | 90.6 |
| 2012-12 | 83.8 | 90.5 |
| 2012-11 | 82.4 | 94.6 |
| 2012-10 | 78.0 | 96.4 |
| 2012-09 | 82.3 | 92.5 |
| 2012-08 | 85.1 | 93.9 |
| 2012-07 | 82.0 | 90.3 |
| 2012-06 | 87.5 | 95.0 |
| 2012-05 | 87.7 | 91.9 |
| 2012-04 | 91.2 | 97.0 |
| 2012-03 | 88.9 | 97.0 |
| 2012-02 | 88.7 | 92.1 |
| 2012-01 | 86.5 | 93.2 |
| 2011-12 | 92.1 | 97.1 |
| 2011-11 | 92.2 | 96.7 |
| 2011-10 | 95.2 | 95.4 |
| 2011-09 | 94.7 | 95.8 |
| 2011-08 | 98.3 | 98.7 |
| 2011-07 | 102.2 | 99.9 |
| 2011-06 | 101.3 | 100.4 |
| 2011-05 | 101.8 | 102.4 |
| 2011-04 | 101.7 | 100.7 |
| 2011-03 | 104.5 | 100.2 |
| 2011-02 | 105.2 | 102.4 |
| 2011-01 | 103.9 | 102.1 |
| 2010-12 | 103.6 | 103.6 |
| 2010-11 | 102.9 | 99.8 |
| 2010-10 | 102.1 | 105.5 |
| 2010-09 | 100.7 | 104.3 |
| 2010-08 | 100.3 | 104.3 |
| 2010-07 | 98.9 | 102.3 |
| 2010-06 | 96.9 | 100.7 |
| 2010-05 | 98.4 | 102.2 |
| 2010-04 | 100.4 | 99.9 |
| 2010-03 | 94.7 | 97.4 |
| 2010-02 | 98.7 | 93.8 |
| 2010-01 | 100.7 | 92.4 |
| 2009-12 | 97.5 | 91.5 |
| 2009-11 | 100.2 | 88.6 |
| 2009-10 | 95.6 | 82.5 |
| 2009-09 | 94.4 | 80.4 |
| 2009-08 | 92.6 | 77.7 |
| 2009-07 | 88.5 | 77.0 |
| 2009-06 | 84.9 | 72.7 |
| 2009-05 | 87.6 | 71.1 |
| 2009-04 | 78.5 | 75.8 |
| 2009-03 | 85.5 | 73.5 |
| 2009-02 | 77.8 | 84.1 |
| 2009-01 | 76.0 | 82.4 |
| 2008-12 | 74.4 | 84.1 |
| 2008-11 | 82.3 | 85.5 |
| 2008-10 | 80.2 | 90.9 |
| 2008-09 | 96.2 | 95.2 |
| 2008-08 | 93.8 | 96.7 |
| 2008-07 | 95.2 | 103.0 |
| 2008-06 | 97.3 | 105.2 |
| 2008-05 | 102.2 | 104.6 |
| 2008-04 | 101.1 | 107.8 |
| 2008-03 | 106.4 | 108.1 |
| 2008-02 | 102.4 | 112.8 |
| 2008-01 | 105.2 | 113.2 |
| 2007-12 | 107.2 | 116.2 |
| 2007-11 | 110.2 | 113.3 |
| 2007-10 | 109.1 | 108.5 |
| 2007-09 | 108.9 | 114.0 |
| 2007-08 | 109.1 | 114.7 |
| 2007-07 | 109.3 | 114.0 |
| 2007-06 | 115.8 | 114.3 |
| 2007-05 | 106.1 | 111.4 |
| 2007-04 | 108.3 | 112.1 |
| 2007-03 | 106.5 | 111.2 |
| 2007-02 | 108.0 | 110.2 |
| 2007-01 | 105.0 | 105.7 |
| 2006-12 | 104.9 | 106.4 |
| 2006-11 | 106.6 | 106.9 |
| 2006-10 | 105.2 | 112.6 |
| 2006-09 | 105.8 | 108.5 |
| 2006-08 | 106.8 | 108.6 |
| 2006-07 | 107.7 | 107.7 |
| 2006-06 | 107.9 | 106.3 |
| 2006-05 | 104.6 | 107.0 |
| 2006-04 | 104.1 | 101.4 |
| 2006-03 | 102.3 | 102.0 |
| 2006-02 | 103.5 | 98.7 |
| 2006-01 | 102.7 | 102.3 |
| 2005-12 | 102.5 | 104.1 |
| 2005-11 | 99.5 | 102.6 |
| 2005-10 | 101.5 | 103.6 |
| 2005-09 | 100.2 | 101.9 |
| 2005-08 | 100.5 | 99.6 |
| 2005-07 | 100.6 | 96.4 |
| 2005-06 | 99.1 | 101.0 |
| 2005-05 | 102.1 | 104.6 |
| 2005-04 | 101.4 | 105.7 |
| 2005-03 | 102.1 | 104.4 |
| 2005-02 | 102.4 | 102.8 |
| 2005-01 | 102.7 | 109.3 |
graphiqueBusiness climate synthetic indicator in retail trade and in trade and repair of motor vehicles
- Source: INSEE
tableauDetailed data
| Ave.(1) | Oct. 21 | Nov. 21 | Dec. 21 | Jan. 22 | |
|---|---|---|---|---|---|
| Retail trade - Global data | |||||
| Business climate | 100 | 99 | 101 | 98 | 98 |
| Gener. busin. outlook | -28 | 1 | 2 | -7 | -16 |
| Recent sales | -7 | -18 | -4 | 0 | 5 |
| Expected sales | -1 | -6 | 6 | -3 | -2 |
| Ordering intentions | -7 | -4 | 4 | 1 | -2 |
| Stocks | 9 | 6 | -1 | 0 | 3 |
| Past selling prices (2) | -7 | 15 | 15 | ||
| Expected selling prices | -4 | 22 | 22 | 21 | 26 |
| Cash position (2) | -14 | -15 | -5 | ||
| Workforce size: recent trend | 0 | -8 | -8 | -7 | -9 |
| Workforce size: future trend | -3 | -7 | -5 | -8 | -6 |
| Economic uncertainty felt (3) | 32 | 28 | 30 | 32 | 34 |
| Non-specialised retail trade | |||||
| Recent sales | -2 | -31 | -15 | -13 | -3 |
| Expected sales | 5 | -3 | 2 | -2 | 7 |
| Ordering intentions | 2 | -1 | 4 | 3 | 2 |
| Stocks | 7 | 8 | -3 | -3 | -2 |
| Past selling prices (2) | -7 | 10 | 12 | ||
| Expected selling prices | -4 | 23 | 25 | 16 | 18 |
| Cash position (2) | -7 | -22 | -7 | ||
| Economic uncertainty felt (3) | 30 | 24 | 31 | 32 | 30 |
| Specialised retail trade | |||||
| Recent sales | -12 | -3 | 9 | 15 | 14 |
| Expected sales | -9 | -9 | 10 | -4 | -13 |
| Ordering intentions | -16 | -6 | 4 | -2 | -8 |
| Stocks | 13 | 4 | 1 | 3 | 9 |
| Past selling prices (2) | -8 | 21 | 18 | ||
| Expected selling prices | -5 | 21 | 20 | 27 | 34 |
| Cash position (2) | -22 | -8 | -2 | ||
| Economic uncertainty felt (3) | 34 | 32 | 29 | 33 | 37 |
| Trade and repair of motor cars and motocycles | |||||
| Business climate | 100 | 103 | 100 | 105 | 103 |
| Gener. busin. outlook | -25 | -10 | -21 | -15 | -25 |
| Recent sales | -7 | -24 | -32 | -18 | -18 |
| Expected sales | -6 | -26 | -25 | -12 | -20 |
| Ordering intentions | -9 | -16 | -12 | -9 | -1 |
| Stocks | 13 | -38 | -38 | -20 | -37 |
| Past selling prices (2) | 2 | 31 | 31 | ||
| Expected selling prices | 5 | 23 | 34 | 34 | 23 |
| Cash position (2) | -22 | -12 | -2 | ||
| Workforce size: recent trend | -7 | -5 | -3 | -2 | -6 |
| Workforce size: future trend | -6 | -2 | -6 | 1 | 0 |
| Economic uncertainty felt (3) | 40 | 42 | 44 | 44 | 39 |
- (1) Average since 1991 (2003 for trade and repair of motor vehicles and 2004 for recent and expected sales and ordering intentions, April 2021 for uncertainty felt).
- (2) Bi-monthly question (odd-numbered months).
- (3) Non-seasonally adjusted balance
- Source: INSEE - monthly survey in retail trade and in trade and repair of motor vehicles
Revisions
The business climates for December 2021 in retail trade and trade and repair of vehicles as a whole and in the two sub-sectors have been revised downwards by one point. These revisions are mainly due to the inclusion of late responses from companies.
For more information
The whole sector “retail trade and trade and repair of motor vehicles and motor cycles” is composed for 70% of retail trade and for 30% of trade and repair of motor vehicles and motor cycles.
The three composite indicators of business climate presented here are estimated independently of one another. Thus, that of the whole of the retail trade and in trade and repair of vehicles cannot be deduced from the two others. The same balances of opinion are included into their calculations, but they are not assigned the same weightings. Also, the indicators are scaled to have a long-run average of 100 and a standard deviation of 10. The three climate series do not have the same historical beginning, so their standardisation differs slightly. Discrepancies may therefore appear from time to time.
For the three-modality questions, a balance of opinion is the difference between weighted percentage of “increase” or “above normal” answers and weighted percentage of “decrease” or “below normal” answers.
Since the definitive data of April 2020, the way of correcting non-response has been modified. The usual method was to fill in missing answers by carrying on past answers from non-responding companies. The results are now computed on the sole basis of responding companies.
Company responses were collected between 27 December 2021 and 17 January 2022.
Next issue: 23 February 2022 at 8:45 am
Documentation
Changes to business tendency surveys – October 2021 (pdf,181 Ko)
Abbreviated methodology (pdf,137 Ko)
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