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Informations Rapides · 22 June 2023 · n° 154
Informations rapidesIn June 2023, the business climate in retail trade and in trade and repair of motor vehicles as a whole has improved Monthly survey of retailing - June 2023

In June 2023, the business climate in retail trade and trade and repair of motor vehicles as a whole has improved. At 102, the indicator that synthesizes it has gained two points and lies above its long-term average. This increase is mainly due to the rise of the balance of opinion concerning ordering intentions and, to a lower extent, of the one associated with the general business outlook.

Informations rapides
No 154
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 retail trade and trade and repair of motor vehicles as a whole has improved. At 102, the indicator that synthesizes it has gained two points and lies above its long-term average. This increase is mainly due to the rise of the balance of opinion concerning ordering intentions and, to a lower extent, of the one associated with the general business outlook.

Composite indicator

Composite indicator
Business climate synthetic indicator
2023-06 101.7
2023-05 100.0
2023-04 101.1
2023-03 98.8
2023-02 101.9
2023-01 101.0
2022-12 99.2
2022-11 97.0
2022-10 96.7
2022-09 95.2
2022-08 99.2
2022-07 95.3
2022-06 95.1
2022-05 97.3
2022-04 92.4
2022-03 98.9
2022-02 106.8
2022-01 104.7
2021-12 106.9
2021-11 108.4
2021-10 106.0
2021-09 105.8
2021-08 108.8
2021-07 113.8
2021-06 116.1
2021-05 109.9
2021-04 91.7
2021-03 96.0
2021-02 89.2
2021-01 93.9
2020-12 92.6
2020-11 70.3
2020-10 95.0
2020-09 94.7
2020-08 94.1
2020-07 88.8
2020-06 85.3
2020-05 64.1
2020-04 60.7
2020-03 92.5
2020-02 106.2
2020-01 105.8
2019-12 107.7
2019-11 105.7
2019-10 105.3
2019-09 105.2
2019-08 101.3
2019-07 105.8
2019-06 104.7
2019-05 106.1
2019-04 107.8
2019-03 104.2
2019-02 102.5
2019-01 101.0
2018-12 98.4
2018-11 106.0
2018-10 106.0
2018-09 108.3
2018-08 112.6
2018-07 113.3
2018-06 112.7
2018-05 113.6
2018-04 113.6
2018-03 114.0
2018-02 116.1
2018-01 116.3
2017-12 115.5
2017-11 115.1
2017-10 115.3
2017-09 112.9
2017-08 109.3
2017-07 112.0
2017-06 111.0
2017-05 107.3
2017-04 105.8
2017-03 107.0
2017-02 106.0
2017-01 107.3
2016-12 107.8
2016-11 103.6
2016-10 102.1
2016-09 102.8
2016-08 104.4
2016-07 104.5
2016-06 103.5
2016-05 105.8
2016-04 103.0
2016-03 103.4
2016-02 102.4
2016-01 104.2
2015-12 101.3
2015-11 104.6
2015-10 107.7
2015-09 105.5
2015-08 105.9
2015-07 103.0
2015-06 103.7
2015-05 102.4
2015-04 102.3
2015-03 101.5
2015-02 101.1
2015-01 97.9
2014-12 94.2
2014-11 92.5
2014-10 89.1
2014-09 88.6
2014-08 90.6
2014-07 96.3
2014-06 94.5
2014-05 96.2
2014-04 96.2
2014-03 95.0
2014-02 94.5
2014-01 95.1
2013-12 94.1
2013-11 91.5
2013-10 95.4
2013-09 97.2
2013-08 93.3
2013-07 85.8
2013-06 84.9
2013-05 83.6
2013-04 84.3
2013-03 86.2
2013-02 89.2
2013-01 85.5
2012-12 87.9
2012-11 88.3
2012-10 87.6
2012-09 86.3
2012-08 90.7
2012-07 89.0
2012-06 93.0
2012-05 91.0
2012-04 96.2
2012-03 93.7
2012-02 90.7
2012-01 88.7
2011-12 93.1
2011-11 93.9
2011-10 94.9
2011-09 94.1
2011-08 98.5
2011-07 102.0
2011-06 102.5
2011-05 104.1
2011-04 103.1
2011-03 103.8
2011-02 106.2
2011-01 106.2
2010-12 107.4
2010-11 104.2
2010-10 107.0
2010-09 105.5
2010-08 105.6
2010-07 100.9
2010-06 100.4
2010-05 101.5
2010-04 102.7
2010-03 97.8
2010-02 98.5
2010-01 98.3
2009-12 96.6
2009-11 97.6
2009-10 92.1
2009-09 89.9
2009-08 86.8
2009-07 85.3
2009-06 79.6
2009-05 79.9
2009-04 76.1
2009-03 80.7
2009-02 79.1
2009-01 78.0
2008-12 77.0
2008-11 82.8
2008-10 81.3
2008-09 94.8
2008-08 93.4
2008-07 95.7
2008-06 99.2
2008-05 102.3
2008-04 103.3
2008-03 108.5
2008-02 108.0
2008-01 109.8
2007-12 113.8
2007-11 112.8
2007-10 111.2
2007-09 112.2
2007-08 114.8
2007-07 116.5
2007-06 119.8
2007-05 114.1
2007-04 112.6
2007-03 110.4
2007-02 111.5
2007-01 107.1
2006-12 107.9
2006-11 110.1
2006-10 111.4
2006-09 110.1
2006-08 109.4
2006-07 107.9
2006-06 107.2
2006-05 105.2
2006-04 103.1
2006-03 101.9
2006-02 101.9
2006-01 102.6
2005-12 103.3
2005-11 99.4
2005-10 100.9
2005-09 98.2
2005-08 97.2
2005-07 95.6
2005-06 97.5
2005-05 101.0
2005-04 103.2
2005-03 103.8
2005-02 103.4
2005-01 105.6

Composite indicator

  • Source: INSEE

The balances of opinion related to ordering intentions and the general business outlook have increased

In June 2023, the balance of opinion on ordering intentions has rebounded and has moved closer to its long-term average. The one on the general business outlook has slightly increased and has moved away from its own. Conversely, the balances associated to past and expected sales have diminished again and lie below their respective average. Finally, compared to last month, fewer business managers consider that the evolution of their business situation is difficult to forecast.

Concerning employment, the balance of opinion associated with the recent change in the workforce size has rebounded and the one related to its expected change has slightly increased again. Both of them remain nonetheless below their long-term average.

The balance associated with the current level of stocks has increased markedly for its part and has moved above its average.

Tendency in retail trade and in trade and repair of motor vehicles

Balances of opinion, in %, S.A.
Tendency in retail trade and in trade and repair of motor vehicles (Balances of opinion, in %, S.A.)
Ave. (1) Mar. 23 Apr. 23 May 23 June 23
Business climate 100 99 101 100 102
General business outlook -28 -25 -23 -19 -18
Recent sales -7 -5 -1 -5 -8
Expected sales -3 -9 -2 -6 -8
Ordering intentions -8 -15 -9 -13 -10
Stocks 10 9 8 9 16
Past selling prices (2) -3 44 - 37 -
Expected selling prices -1 47 38 28 18
Cash position (2) -15 -18 - -17 -
Past workforce size 0 -6 -6 -12 -9
Expected workforce size -4 -8 -10 -9 -8
Economic uncertainty felt (3) 38 42 42 40 36
  • (1) Average since 1991 (except 2004 for recent and expected sales and ordering intentions, and April 2021 for uncertainty felt).
  • (2) Bimonthly question (odd-numbered months).
  • (3) Non-seasonally adjusted balance.
  • Source: INSEE - monthly survey in retail trade and in trade and repair of motor vehicles

Recent sales and ordering intentions

Recent sales and ordering intentions
Ordering intentions Recent sales
2023-06 -9.7 -8.3
2023-05 -12.6 -5.0
2023-04 -9.0 -1.0
2023-03 -15.0 -5.1
2023-02 -8.5 1.4
2023-01 -10.2 8.5
2022-12 -10.8 -0.4
2022-11 -15.6 0.9
2022-10 -12.1 -4.8
2022-09 -17.3 -8.9
2022-08 -9.2 -12.0
2022-07 -9.6 -20.0
2022-06 -12.0 -16.2
2022-05 -11.0 -12.0
2022-04 -16.4 -18.0
2022-03 -5.2 -11.8
2022-02 -1.8 -5.0
2022-01 -2.2 -2.5
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

Recent sales and ordering intentions

  • Source: INSEE

The balance of opinion on the expected selling prices has declined again sharply

In June 2023, the balance of opinion on the expected selling prices has sharply decreased for the third month in a row, after having reached in March 2023 its highest level since the beginning of the series (1991). It remains nonetheless well above its long-term average.

Expected prices in retail trade and in trade and repair of motor vehicles

Expected prices in retail trade and in trade and repair of motor vehicles
Expected prices
2023-06 18.0
2023-05 28.3
2023-04 37.8
2023-03 47.3
2023-02 45.3
2023-01 41.0
2022-12 37.5
2022-11 38.0
2022-10 42.7
2022-09 38.2
2022-08 42.5
2022-07 40.6
2022-06 41.4
2022-05 42.9
2022-04 36.9
2022-03 38.1
2022-02 35.4
2022-01 25.3
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

Expected prices in retail trade and in trade and repair of motor vehicles

  • Source: INSEE

The economic outlook has evolved more favourably in retail trade (excluding trade and repair of motor vehicles) than in trade and repair of motor vehicles

The balance of opinion on ordering intentions has rebounded sharply in retail trade (excluding trade and repair of motor vehicles) but has retreated slightly in trade and repair of motor vehicles. Concerning the balance on the general business outlook, it has increased for the third month in a row in retail trade (excluding trade and repair of motor vehicles), but has retreated in the trade and repair of motor vehicles. The one on past sales has diminished for its part in both sub-sectors but more sharply in trade and repair of motor vehicles.

The balance on expected selling prices has decreased sharply in retail trade (excluding trade and repair of motor vehicles) but to a lower extent in trade and repair of motor vehicles. Both of them remain above their respective average.

Balances of opinion by sub-sector in retail trade and trade and repair of motor vehicles

Balances of opinion, in %, S.A.
Balances of opinion by sub-sector in retail trade and trade and repair of motor vehicles (Balances of opinion, in %, S.A.)
Ave. (1) Mar. 23 Apr. 23 May 23 June 23
Retail trade
General business outlook -28 -24 -22 -18 -16
Recent sales -7 2 4 -3 -4
Expected sales -2 -5 1 -2 -2
Ordering intentions -7 -16 -7 -12 -6
Stocks 9 12 9 13 21
Past selling prices (2) -5 49 - 42 -
Expected selling prices -3 52 45 32 18
Cash position (2) -14 -19 - -17 -
Past workforce size 0 -7 -8 -14 -11
Expected workforce size -4 -9 -12 -9 -9
Economic uncertainty felt (3) 36 39 40 38 35
Trade and repair of motor vehicles
General business outlook -26 -29 -26 -21 -24
Recent sales -7 -21 -13 -10 -17
Expected sales -7 -19 -10 -17 -19
Ordering intentions -9 -12 -14 -13 -17
Stocks 11 2 4 0 6
Past selling prices (2) 5 34 - 25 -
Expected selling prices 7 36 20 19 17
Cash position (2) -21 -17 - -18 -
Past workforce size -7 -2 -2 -3 -3
Expected workforce size -5 -2 0 -9 -5
Economic uncertainty felt (3) 44 49 47 45 40
  • (1) Average since 1991 for retail trade and 2003 for trade and repair of motor vehicles (except 2004 for recent and expected sales and ordering intentions, and April 2021 for uncertainty felt).
  • (2) Bimonthly 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 climate for May 2023 in retail trade and trade and repair of motor vehicles has not been revised (after rounding).

For more information

The whole sector “retail trade and trade and repair of motor vehicles” is composed for 70% of retail trade and for 30% of trade and repair of motor vehicles.

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.

Company responses were collected between 26 May and 19 June 2023.

Next issue: 20 July 2023 at 8:45 am

Documentation

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

Abbreviated methodology (pdf,137 Ko)

Retail trade and in the trade and repair of motor vehicles (Monthly survey in the)

Pour en savoir plus

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Publication calendar

Time series : Retail trade and trade and repair of motor vehicles

Ouvrir dans un nouvel ongletThe Joint Harmonised EU Programme of Business and Consumer Surveys (BCS)