Informations Rapides · 22 June 2023 · n° 156
In June 2023, the business climate in France and the employment climate are stable Business indicator - June 2023

In June 2023, the business climate in France is stable. At 100, the indicator that synthesizes it, calculated from the responses of business managers from the main market sectors, remains at its long-term level. This stability is the result of mixed movements in the different sectors: the business situation has improved a little in manufacturing industry and in retail trade compared to May, but it has kept deteriorating in building construction, while it is stable in services.

Informations rapides

N^o 156

Paru le :Paru le22/06/2023

Prochaine parution le : 20/06/2025 at 08:45 - June 2025

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In June 2023, the business climate in France is stable
The employment climate is stable in June, following a sharp degradation in May
Revisions
For further information

In June 2023, the business climate in France is stable

Graphique
Tableau

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tableauFrench business climate composite indicator

French business climate composite indicator
	French business climate composite indicator
2023-06	100.0
2023-05	100.0
2023-04	102.2
2023-03	103.2
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	112.7
2022-01	107.3
2021-12	109.0
2021-11	113.3
2021-10	112.4
2021-09	110.4
2021-08	109.8
2021-07	112.0
2021-06	113.5
2021-05	109.2
2021-04	95.3
2021-03	97.3
2021-02	90.5
2021-01	93.1
2020-12	92.0
2020-11	77.7
2020-10	89.6
2020-09	92.9
2020-08	93.3
2020-07	89.8
2020-06	83.3
2020-05	58.7
2020-04	46.7
2020-03	93.6
2020-02	105.5
2020-01	105.7
2019-12	105.8
2019-11	106.0
2019-10	105.9
2019-09	106.1
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	106.3
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	112.3
2017-12	112.7
2017-11	111.5
2017-10	110.4
2017-09	110.6
2017-08	110.4
2017-07	109.7
2017-06	108.5
2017-05	107.5
2017-04	107.1
2017-03	106.5
2017-02	106.7
2017-01	106.0
2016-12	106.0
2016-11	103.6
2016-10	103.8
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	94.7
2014-05	95.4
2014-04	95.9
2014-03	96.0
2014-02	94.8
2014-01	95.2
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	84.3
2013-03	85.8
2013-02	87.9
2013-01	87.9
2012-12	88.4
2012-11	87.7
2012-10	86.5
2012-09	88.2
2012-08	89.7
2012-07	90.6
2012-06	91.8
2012-05	93.0
2012-04	97.3
2012-03	95.6
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	92.2
2010-01	91.6
2009-12	90.0
2009-11	89.9
2009-10	88.1
2009-09	85.4
2009-08	82.6
2009-07	79.4
2009-06	77.4
2009-05	74.1
2009-04	71.3
2009-03	69.5
2009-02	73.6
2009-01	75.2
2008-12	77.0
2008-11	79.7
2008-10	83.6
2008-09	92.7
2008-08	95.1
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	111.7
2007-07	112.6
2007-06	113.6
2007-05	112.5
2007-04	112.4
2007-03	111.8
2007-02	111.4
2007-01	109.6
2006-12	109.6
2006-11	111.0
2006-10	109.4
2006-09	109.3
2006-08	108.8
2006-07	108.2
2006-06	106.2
2006-05	106.6
2006-04	104.7
2006-03	104.2
2006-02	103.8
2006-01	106.2
2005-12	104.9
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 somewhat rebounded and has returned just above its long-term average, help up mostly by the balances of opinion related to production and global order books.

In retail trade, the business climate has also improved, mainly thanks to the rebound in the balance of opinion on ordering intentions.

In services, the business climate indicator is stable, a little above its long-term average.

Finally, in building construction, the business climate has darkened again, the balances of opinion related to the activity declining again.

tableauBusiness and employment climates

Business and employment climates
	Feb. 23	Mar. 23	Apr. 23	May 23	June 23
Business climates
France	104	103	102	100	100
Manufacturing industry	105	104	101	99	101
Building construction	112	111	111	108	107
Services	106	105	103	102	102
Retail trade*	102	99	101	100	102
Wholesale trade		98		94

Employment	110	110	109	105	105

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

The employment climate is stable in June, following a sharp degradation in May

In June 2023, the employment climate is stable compared to May. At 105, it remains above its long-term average (100). This stability is the result of mild but mixed evolutions, the degradation in the balance of opinion on the expected change in the workforce size in services (excluding temporary work agencies) offsetting the improvement in the one related to its past evolution in this same sector and in retail trade.

Graphique
Tableau

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tableauFrench employment climate composite indicator

French employment climate composite indicator
	French employment climate composite indicator
2023-06	105.1
2023-05	105.2
2023-04	109.5
2023-03	110.4
2023-02	110.2
2023-01	110.4
2022-12	110.1
2022-11	107.4
2022-10	109.2
2022-09	108.6
2022-08	107.1
2022-07	108.8
2022-06	107.4
2022-05	109.4
2022-04	110.1
2022-03	112.9
2022-02	113.0
2022-01	110.2
2021-12	109.3
2021-11	112.0
2021-10	109.7
2021-09	105.3
2021-08	107.4
2021-07	107.0
2021-06	104.4
2021-05	99.8
2021-04	92.0
2021-03	92.5
2021-02	85.8
2021-01	87.9
2020-12	86.2
2020-11	84.8
2020-10	89.0
2020-09	92.3
2020-08	87.7
2020-07	76.0
2020-06	67.2
2020-05	54.9
2020-04	51.3
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	105.1
2019-07	105.8
2019-06	106.4
2019-05	105.3
2019-04	107.2
2019-03	107.6
2019-02	106.9
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	108.0
2018-06	109.8
2018-05	109.0
2018-04	108.8
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	105.6
2017-07	107.4
2017-06	107.6
2017-05	107.0
2017-04	106.1
2017-03	107.3
2017-02	104.5
2017-01	105.0
2016-12	106.2
2016-11	104.4
2016-10	104.4
2016-09	104.1
2016-08	103.1
2016-07	103.6
2016-06	101.5
2016-05	102.1
2016-04	100.6
2016-03	99.7
2016-02	100.5
2016-01	101.7
2015-12	100.5
2015-11	101.6
2015-10	100.3
2015-09	100.1
2015-08	100.3
2015-07	99.5
2015-06	99.1
2015-05	97.3
2015-04	97.3
2015-03	95.5
2015-02	95.9
2015-01	93.7
2014-12	94.5
2014-11	94.4
2014-10	94.5
2014-09	94.6
2014-08	94.4
2014-07	95.8
2014-06	95.2
2014-05	96.9
2014-04	97.8
2014-03	95.4
2014-02	94.6
2014-01	95.4
2013-12	95.2
2013-11	93.2
2013-10	94.7
2013-09	92.5
2013-08	90.7
2013-07	90.4
2013-06	89.1
2013-05	86.7
2013-04	87.0
2013-03	88.4
2013-02	89.2
2013-01	92.4
2012-12	89.7
2012-11	90.1
2012-10	91.6
2012-09	91.1
2012-08	93.4
2012-07	92.7
2012-06	94.0
2012-05	95.3
2012-04	97.7
2012-03	99.0
2012-02	97.3
2012-01	97.8
2011-12	98.8
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	109.4
2011-03	109.2
2011-02	109.8
2011-01	104.0
2010-12	105.0
2010-11	104.4
2010-10	103.3
2010-09	100.9
2010-08	99.2
2010-07	98.8
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	88.4
2009-11	86.2
2009-10	84.1
2009-09	82.3
2009-08	82.8
2009-07	78.2
2009-06	74.5
2009-05	73.3
2009-04	74.1
2009-03	73.6
2009-02	79.0
2009-01	80.6
2008-12	82.8
2008-11	87.9
2008-10	95.0
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	108.7
2006-07	109.4
2006-06	109.6
2006-05	107.7
2006-04	106.6
2006-03	104.3
2006-02	103.8
2006-01	103.6
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

Revisions

The composite indicator of the employment climate of May 2023 has been revised downwards by one point, while the composite indicator of the business climate in services for this same month has been revised upwards by one point. These revisions are mainly explained by the inclusion of late responses from companies. The other business climate indicators are unchanged (after rounding).

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 26 May and 19 June 2023.

Next issue: 20 July 2023 at 08:45 am.