Informations Rapides · 20 April 2023 · n° 103
In April 2023, the business climate in France and the employment climate have faltered a little Business indicator - April 2023

In April 2023, the business climate in France has faltered a little for the second month in a row. The indicator that synthesizes it, calculated from the responses of business managers from the main market sectors, has lost one point compared to March. At 102, it remains, though, above its long-term average (100). This weakening of the business climate is mainly the result of the deterioration of the business situation in services and in manufacturing industry.

Informations rapides

N^o 103

Paru le :Paru le20/04/2023

Prochaine parution le : 24/05/2024 at 08:45 - May 2024

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In April 2023, the business climate in France has weakened a bit again
The employment climate is considered less favourable compared to the previous month
For further information

In April 2023, the business climate in France has weakened a bit again

Graphique
Tableau

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tableauFrench business climate composite indicator

French business climate composite indicator
	French business climate composite indicator
2023-04	101.9
2023-03	103.1
2023-02	103.5
2023-01	102.0
2022-12	102.5
2022-11	102.1
2022-10	102.1
2022-09	101.8
2022-08	103.4
2022-07	102.8
2022-06	103.9
2022-05	105.6
2022-04	105.4
2022-03	106.6
2022-02	112.6
2022-01	107.3
2021-12	109.0
2021-11	113.3
2021-10	112.3
2021-09	110.4
2021-08	109.8
2021-07	112.0
2021-06	113.5
2021-05	109.1
2021-04	95.3
2021-03	97.3
2021-02	90.6
2021-01	93.1
2020-12	92.1
2020-11	77.7
2020-10	89.6
2020-09	92.9
2020-08	93.3
2020-07	89.8
2020-06	83.4
2020-05	58.8
2020-04	46.9
2020-03	93.6
2020-02	105.5
2020-01	105.7
2019-12	105.7
2019-11	106.0
2019-10	105.9
2019-09	106.0
2019-08	105.3
2019-07	105.4
2019-06	105.9
2019-05	106.2
2019-04	106.2
2019-03	105.4
2019-02	104.2
2019-01	103.6
2018-12	103.1
2018-11	106.2
2018-10	105.8
2018-09	106.8
2018-08	107.4
2018-07	108.0
2018-06	108.4
2018-05	108.7
2018-04	110.5
2018-03	111.1
2018-02	111.3
2018-01	112.2
2017-12	112.7
2017-11	111.5
2017-10	110.4
2017-09	110.5
2017-08	110.4
2017-07	109.6
2017-06	108.5
2017-05	107.5
2017-04	107.0
2017-03	106.5
2017-02	106.7
2017-01	106.0
2016-12	106.0
2016-11	103.6
2016-10	103.7
2016-09	103.5
2016-08	103.4
2016-07	103.7
2016-06	102.8
2016-05	104.1
2016-04	102.2
2016-03	102.7
2016-02	102.7
2016-01	103.8
2015-12	101.4
2015-11	102.6
2015-10	102.7
2015-09	101.9
2015-08	102.5
2015-07	100.8
2015-06	100.4
2015-05	99.1
2015-04	98.0
2015-03	96.7
2015-02	95.6
2015-01	94.5
2014-12	93.8
2014-11	93.6
2014-10	91.7
2014-09	91.7
2014-08	92.7
2014-07	94.2
2014-06	94.8
2014-05	95.4
2014-04	96.0
2014-03	96.0
2014-02	94.9
2014-01	95.3
2013-12	94.0
2013-11	94.5
2013-10	95.2
2013-09	95.3
2013-08	91.7
2013-07	88.4
2013-06	86.7
2013-05	85.4
2013-04	84.4
2013-03	85.8
2013-02	87.9
2013-01	87.9
2012-12	88.4
2012-11	87.8
2012-10	86.5
2012-09	88.2
2012-08	89.7
2012-07	90.7
2012-06	91.9
2012-05	93.1
2012-04	97.3
2012-03	95.7
2012-02	93.2
2012-01	93.3
2011-12	94.7
2011-11	95.6
2011-10	97.6
2011-09	98.7
2011-08	101.4
2011-07	106.2
2011-06	107.6
2011-05	107.9
2011-04	108.5
2011-03	109.3
2011-02	108.7
2011-01	107.5
2010-12	106.5
2010-11	104.9
2010-10	104.1
2010-09	102.3
2010-08	100.3
2010-07	98.2
2010-06	96.2
2010-05	96.7
2010-04	95.4
2010-03	91.6
2010-02	92.3
2010-01	91.6
2009-12	90.1
2009-11	89.9
2009-10	88.2
2009-09	85.4
2009-08	82.6
2009-07	79.5
2009-06	77.5
2009-05	74.1
2009-04	71.4
2009-03	69.6
2009-02	73.7
2009-01	75.3
2008-12	77.0
2008-11	79.8
2008-10	83.7
2008-09	92.7
2008-08	95.2
2008-07	96.7
2008-06	100.2
2008-05	103.3
2008-04	106.0
2008-03	108.1
2008-02	108.2
2008-01	109.3
2007-12	109.9
2007-11	110.1
2007-10	109.7
2007-09	111.0
2007-08	111.6
2007-07	112.6
2007-06	113.5
2007-05	112.5
2007-04	112.4
2007-03	111.8
2007-02	111.3
2007-01	109.6
2006-12	109.6
2006-11	111.0
2006-10	109.4
2006-09	109.3
2006-08	108.7
2006-07	108.2
2006-06	106.2
2006-05	106.5
2006-04	104.7
2006-03	104.2
2006-02	103.8
2006-01	106.2
2005-12	104.8
2005-11	103.3
2005-10	103.8
2005-09	100.8
2005-08	101.5
2005-07	101.5
2005-06	101.8
2005-05	100.9
2005-04	103.3
2005-03	104.2
2005-02	104.1
2005-01	103.7

graphiqueFrench business climate composite indicator

In manufacturing industry, the business climate has deteriorated for the second month in a row, because of the decline in the balances about expected production and order books.

In services, the business climate has darkened a little too, weighed down by the decrease in several forward-looking balances, notably concerning activity and demand.

In building construction, the composite indicator of the business climate has held up, despite a slightly weaker judgement of the business managers regarding the general business outlook for the sector.

Finally, in retail trade (including trade and repair of vehicles), the business climate indicator has improved a little, thanks notably to the rebound in the balance of opinion related to ordering intentions.

tableauBusiness and employment climates

Business and employment climates
	Dec. 22	Jan. 23	Feb. 23	Mar. 23	Apr. 23
Business climates
France	103	102	104	103	102
Manufacturing industry	102	103	105	104	101
Building construction	114	114	112	111	111
Services	104	105	106	105	103
Retail trade*	99	101	102	99	100
Wholesale trade		96		98

Employment	110	110	110	110	108

* including trade and repair of vehicles
Source : INSEE, business tendency surveys

The employment climate is considered less favourable compared to the previous month

In April 2023, the employment climate has deteriorated, whereas it was stable since December 2022. At 108, it has lost two points but remains well above its long-term average (100). This deterioration in April is, for the most part, the result of the fall in the balances of opinion related to the past and expected change in the workforce size in services (excluding temporary work agencies) and in manufacturing industry.

Graphique
Tableau

Affichage de l’onglet contenant le tableau ou de l’onglet contenant le graphique

tableauFrench employment climate composite indicator

French employment climate composite indicator
	French employment climate composite indicator
2023-04	108.4
2023-03	110.4
2023-02	110.2
2023-01	110.4
2022-12	110.1
2022-11	107.4
2022-10	109.3
2022-09	108.7
2022-08	107.2
2022-07	108.9
2022-06	107.4
2022-05	109.5
2022-04	110.2
2022-03	112.8
2022-02	113.0
2022-01	110.2
2021-12	109.3
2021-11	112.0
2021-10	109.8
2021-09	105.4
2021-08	107.4
2021-07	107.0
2021-06	104.4
2021-05	99.9
2021-04	92.1
2021-03	92.5
2021-02	85.8
2021-01	87.9
2020-12	86.2
2020-11	84.9
2020-10	89.1
2020-09	92.3
2020-08	87.8
2020-07	76.1
2020-06	67.3
2020-05	55.1
2020-04	51.5
2020-03	97.2
2020-02	104.9
2020-01	104.9
2019-12	106.0
2019-11	105.8
2019-10	105.0
2019-09	105.8
2019-08	105.2
2019-07	105.9
2019-06	106.4
2019-05	105.3
2019-04	107.2
2019-03	107.6
2019-02	107.0
2019-01	105.0
2018-12	104.4
2018-11	104.7
2018-10	106.6
2018-09	107.0
2018-08	107.4
2018-07	108.1
2018-06	109.8
2018-05	109.1
2018-04	108.9
2018-03	109.9
2018-02	109.8
2018-01	109.1
2017-12	108.5
2017-11	107.8
2017-10	107.9
2017-09	106.5
2017-08	105.7
2017-07	107.4
2017-06	107.6
2017-05	107.1
2017-04	106.2
2017-03	107.3
2017-02	104.5
2017-01	105.0
2016-12	106.2
2016-11	104.5
2016-10	104.4
2016-09	104.2
2016-08	103.2
2016-07	103.7
2016-06	101.5
2016-05	102.1
2016-04	100.6
2016-03	99.7
2016-02	100.6
2016-01	101.8
2015-12	100.5
2015-11	101.6
2015-10	100.3
2015-09	100.2
2015-08	100.3
2015-07	99.6
2015-06	99.1
2015-05	97.4
2015-04	97.3
2015-03	95.5
2015-02	95.9
2015-01	93.8
2014-12	94.5
2014-11	94.5
2014-10	94.5
2014-09	94.7
2014-08	94.4
2014-07	95.9
2014-06	95.3
2014-05	96.9
2014-04	97.9
2014-03	95.4
2014-02	94.7
2014-01	95.4
2013-12	95.2
2013-11	93.3
2013-10	94.7
2013-09	92.5
2013-08	90.7
2013-07	90.4
2013-06	89.2
2013-05	86.8
2013-04	87.1
2013-03	88.5
2013-02	89.2
2013-01	92.4
2012-12	89.8
2012-11	90.2
2012-10	91.6
2012-09	91.2
2012-08	93.5
2012-07	92.7
2012-06	94.0
2012-05	95.3
2012-04	97.7
2012-03	99.0
2012-02	97.4
2012-01	97.8
2011-12	98.9
2011-11	100.5
2011-10	100.7
2011-09	103.5
2011-08	105.4
2011-07	109.4
2011-06	111.1
2011-05	110.9
2011-04	109.5
2011-03	109.2
2011-02	109.8
2011-01	104.0
2010-12	105.0
2010-11	104.5
2010-10	103.3
2010-09	101.0
2010-08	99.2
2010-07	98.9
2010-06	98.4
2010-05	97.3
2010-04	95.2
2010-03	93.1
2010-02	90.5
2010-01	89.8
2009-12	88.5
2009-11	86.2
2009-10	84.1
2009-09	82.3
2009-08	82.9
2009-07	78.2
2009-06	74.6
2009-05	73.3
2009-04	74.2
2009-03	73.7
2009-02	79.1
2009-01	80.6
2008-12	82.9
2008-11	87.9
2008-10	95.1
2008-09	99.6
2008-08	100.9
2008-07	105.1
2008-06	104.7
2008-05	108.0
2008-04	112.3
2008-03	112.1
2008-02	113.5
2008-01	113.3
2007-12	114.0
2007-11	112.5
2007-10	111.1
2007-09	112.9
2007-08	112.1
2007-07	110.8
2007-06	112.5
2007-05	112.9
2007-04	111.4
2007-03	110.8
2007-02	110.9
2007-01	108.9
2006-12	110.4
2006-11	109.9
2006-10	108.4
2006-09	107.7
2006-08	108.8
2006-07	109.4
2006-06	109.6
2006-05	107.7
2006-04	106.6
2006-03	104.4
2006-02	103.8
2006-01	103.7
2005-12	102.8
2005-11	103.4
2005-10	103.6
2005-09	103.3
2005-08	102.9
2005-07	102.3
2005-06	101.8
2005-05	102.2
2005-04	101.5
2005-03	104.0
2005-02	101.5
2005-01	101.7

graphiqueFrench employment climate composite indicator

For further information

The business climate indicator summarises the information provided by the surveys in manufacturing, services, trade (retail and wholesale) and building construction. It is built from 30 balances of opinion from these surveys. The employment indicator is based on the 10 balances of employment, past and expected, from the surveys in manufacturing, services, retail trade and building 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.

The responses to these surveys were collected between 27 March and 18 April 2023.

Next issue: 25 May 2023 at 08:45 am.

Documentation

Changes to business tendency surveys – October 2021 (pdf,181 Ko)

Methodology note (in French) (pdf,245 Ko)

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