Informations Rapides ·
24 October 2024 · n° 264
In October 2024, the business climate in services has improved again Monthly survey of services - October 2024
According to the business managers surveyed in October 2024, the business climate in services has improved for the third month in a row. At 101, the indicator that synthesizes it has won two points: it has moved above its long-term average (100) and has reached its level of last June.
According to the business managers surveyed in October 2024, the business climate in services has improved for the third month in a row. At 101, the indicator that synthesizes it has won two points: it has moved above its long-term average (100) and has reached its level of last June.
tableauBusiness climate composite indicator
| Business climate composite indicator | |
|---|---|
| 2024-10 | 100.8 |
| 2024-09 | 99.2 |
| 2024-08 | 97.9 |
| 2024-07 | 95.1 |
| 2024-06 | 101.0 |
| 2024-05 | 102.4 |
| 2024-04 | 100.1 |
| 2024-03 | 101.7 |
| 2024-02 | 99.9 |
| 2024-01 | 101.1 |
| 2023-12 | 100.2 |
| 2023-11 | 100.0 |
| 2023-10 | 100.4 |
| 2023-09 | 101.4 |
| 2023-08 | 101.6 |
| 2023-07 | 101.5 |
| 2023-06 | 101.5 |
| 2023-05 | 101.4 |
| 2023-04 | 102.9 |
| 2023-03 | 103.5 |
| 2023-02 | 105.2 |
| 2023-01 | 104.0 |
| 2022-12 | 103.5 |
| 2022-11 | 103.8 |
| 2022-10 | 104.9 |
| 2022-09 | 105.5 |
| 2022-08 | 106.5 |
| 2022-07 | 106.1 |
| 2022-06 | 107.3 |
| 2022-05 | 108.9 |
| 2022-04 | 108.3 |
| 2022-03 | 107.9 |
| 2022-02 | 112.0 |
| 2022-01 | 104.9 |
| 2021-12 | 107.3 |
| 2021-11 | 114.0 |
| 2021-10 | 113.2 |
| 2021-09 | 110.4 |
| 2021-08 | 108.9 |
| 2021-07 | 111.1 |
| 2021-06 | 112.6 |
| 2021-05 | 106.8 |
| 2021-04 | 91.4 |
| 2021-03 | 93.2 |
| 2021-02 | 87.6 |
| 2021-01 | 90.8 |
| 2020-12 | 89.2 |
| 2020-11 | 75.6 |
| 2020-10 | 87.5 |
| 2020-09 | 93.7 |
| 2020-08 | 93.6 |
| 2020-07 | 88.6 |
| 2020-06 | 77.5 |
| 2020-05 | 49.3 |
| 2020-04 | 38.0 |
| 2020-03 | 91.7 |
| 2020-02 | 105.8 |
| 2020-01 | 106.0 |
| 2019-12 | 106.4 |
| 2019-11 | 105.9 |
| 2019-10 | 105.6 |
| 2019-09 | 105.9 |
| 2019-08 | 105.4 |
| 2019-07 | 104.9 |
| 2019-06 | 105.8 |
| 2019-05 | 105.5 |
| 2019-04 | 105.5 |
| 2019-03 | 104.4 |
| 2019-02 | 103.7 |
| 2019-01 | 103.5 |
| 2018-12 | 101.7 |
| 2018-11 | 103.5 |
| 2018-10 | 103.2 |
| 2018-09 | 104.6 |
| 2018-08 | 104.4 |
| 2018-07 | 104.6 |
| 2018-06 | 104.6 |
| 2018-05 | 104.3 |
| 2018-04 | 105.9 |
| 2018-03 | 106.8 |
| 2018-02 | 106.9 |
| 2018-01 | 107.7 |
| 2017-12 | 108.8 |
| 2017-11 | 107.1 |
| 2017-10 | 106.7 |
| 2017-09 | 106.8 |
| 2017-08 | 106.7 |
| 2017-07 | 104.0 |
| 2017-06 | 103.5 |
| 2017-05 | 102.8 |
| 2017-04 | 103.1 |
| 2017-03 | 103.1 |
| 2017-02 | 102.9 |
| 2017-01 | 101.7 |
| 2016-12 | 103.6 |
| 2016-11 | 100.9 |
| 2016-10 | 100.8 |
| 2016-09 | 100.7 |
| 2016-08 | 100.1 |
| 2016-07 | 100.3 |
| 2016-06 | 99.1 |
| 2016-05 | 100.7 |
| 2016-04 | 98.3 |
| 2016-03 | 99.5 |
| 2016-02 | 99.9 |
| 2016-01 | 100.2 |
| 2015-12 | 97.1 |
| 2015-11 | 99.2 |
| 2015-10 | 99.4 |
| 2015-09 | 97.6 |
| 2015-08 | 98.5 |
| 2015-07 | 97.4 |
| 2015-06 | 96.8 |
| 2015-05 | 95.4 |
| 2015-04 | 93.9 |
| 2015-03 | 92.3 |
| 2015-02 | 91.4 |
| 2015-01 | 91.1 |
| 2014-12 | 91.3 |
| 2014-11 | 91.2 |
| 2014-10 | 91.1 |
| 2014-09 | 91.0 |
| 2014-08 | 91.4 |
| 2014-07 | 92.4 |
| 2014-06 | 92.2 |
| 2014-05 | 92.2 |
| 2014-04 | 93.2 |
| 2014-03 | 93.1 |
| 2014-02 | 92.1 |
| 2014-01 | 92.2 |
| 2013-12 | 90.8 |
| 2013-11 | 92.3 |
| 2013-10 | 91.8 |
| 2013-09 | 92.3 |
| 2013-08 | 88.6 |
| 2013-07 | 86.5 |
| 2013-06 | 85.8 |
| 2013-05 | 84.5 |
| 2013-04 | 83.1 |
| 2013-03 | 84.0 |
| 2013-02 | 87.0 |
| 2013-01 | 88.1 |
| 2012-12 | 87.1 |
| 2012-11 | 85.5 |
| 2012-10 | 86.0 |
| 2012-09 | 87.1 |
| 2012-08 | 87.3 |
| 2012-07 | 89.5 |
| 2012-06 | 90.0 |
| 2012-05 | 91.9 |
| 2012-04 | 95.6 |
| 2012-03 | 93.2 |
| 2012-02 | 91.8 |
| 2012-01 | 92.3 |
| 2011-12 | 94.4 |
| 2011-11 | 95.0 |
| 2011-10 | 97.2 |
| 2011-09 | 98.3 |
| 2011-08 | 100.5 |
| 2011-07 | 105.1 |
| 2011-06 | 107.2 |
| 2011-05 | 107.4 |
| 2011-04 | 108.9 |
| 2011-03 | 110.4 |
| 2011-02 | 109.2 |
| 2011-01 | 107.2 |
| 2010-12 | 106.8 |
| 2010-11 | 104.8 |
| 2010-10 | 102.9 |
| 2010-09 | 101.7 |
| 2010-08 | 100.7 |
| 2010-07 | 99.2 |
| 2010-06 | 98.3 |
| 2010-05 | 99.3 |
| 2010-04 | 97.8 |
| 2010-03 | 94.4 |
| 2010-02 | 94.3 |
| 2010-01 | 94.0 |
| 2009-12 | 92.6 |
| 2009-11 | 92.2 |
| 2009-10 | 90.6 |
| 2009-09 | 87.5 |
| 2009-08 | 84.1 |
| 2009-07 | 81.6 |
| 2009-06 | 77.7 |
| 2009-05 | 73.1 |
| 2009-04 | 68.8 |
| 2009-03 | 68.3 |
| 2009-02 | 73.4 |
| 2009-01 | 74.6 |
| 2008-12 | 77.2 |
| 2008-11 | 80.1 |
| 2008-10 | 84.1 |
| 2008-09 | 92.9 |
| 2008-08 | 94.9 |
| 2008-07 | 96.4 |
| 2008-06 | 100.8 |
| 2008-05 | 104.1 |
| 2008-04 | 106.6 |
| 2008-03 | 108.5 |
| 2008-02 | 108.5 |
| 2008-01 | 110.4 |
| 2007-12 | 109.0 |
| 2007-11 | 110.2 |
| 2007-10 | 110.1 |
| 2007-09 | 111.5 |
| 2007-08 | 112.3 |
| 2007-07 | 113.2 |
| 2007-06 | 112.7 |
| 2007-05 | 113.0 |
| 2007-04 | 113.1 |
| 2007-03 | 113.4 |
| 2007-02 | 112.4 |
| 2007-01 | 110.9 |
| 2006-12 | 111.3 |
| 2006-11 | 113.1 |
| 2006-10 | 110.8 |
| 2006-09 | 110.7 |
| 2006-08 | 110.5 |
| 2006-07 | 110.4 |
| 2006-06 | 109.1 |
| 2006-05 | 110.5 |
| 2006-04 | 107.7 |
| 2006-03 | 107.5 |
| 2006-02 | 106.2 |
| 2006-01 | 109.1 |
| 2005-12 | 107.1 |
| 2005-11 | 106.6 |
| 2005-10 | 108.4 |
| 2005-09 | 106.8 |
| 2005-08 | 107.2 |
| 2005-07 | 107.5 |
| 2005-06 | 108.2 |
| 2005-05 | 106.1 |
| 2005-04 | 108.0 |
| 2005-03 | 108.3 |
| 2005-02 | 106.4 |
| 2005-01 | 106.5 |
graphiqueBusiness climate composite indicator
- Source: INSEE
In October 2024, the activity anticipation of business managers in services are well better than previous month
In October 2024, the business managers in services are more optimistic than in the previous month about their personal business outlook: the associated balance of opinion has sharply improved and has moved above its long-term average. The balance related to the activity over the past three months has increased too, but remains below its average level. In the same time, the balances of opinion associated to the expected demand and to the general business outlook are virtually stable, just above their average.
The balance related to the expected change of the selling prices has risen again and has reached its highest level since last April, whereas the one on their recent change is stable. Both remain above their average.
The balance on the economic uncertainty felt has rebounded.
tableauExpected prices in services
| Expected prices | |
|---|---|
| 2024-10 | 7.1 |
| 2024-09 | 2.8 |
| 2024-08 | 1.0 |
| 2024-07 | 2.9 |
| 2024-06 | 4.3 |
| 2024-05 | 2.8 |
| 2024-04 | 7.2 |
| 2024-03 | 8.2 |
| 2024-02 | 7.7 |
| 2024-01 | 6.8 |
| 2023-12 | 7.0 |
| 2023-11 | 3.7 |
| 2023-10 | 5.3 |
| 2023-09 | 7.6 |
| 2023-08 | 6.9 |
| 2023-07 | 6.3 |
| 2023-06 | 6.2 |
| 2023-05 | 7.0 |
| 2023-04 | 13.4 |
| 2023-03 | 14.1 |
| 2023-02 | 15.8 |
| 2023-01 | 19.1 |
| 2022-12 | 17.3 |
| 2022-11 | 12.4 |
| 2022-10 | 12.2 |
| 2022-09 | 10.4 |
| 2022-08 | 10.3 |
| 2022-07 | 10.9 |
| 2022-06 | 10.9 |
| 2022-05 | 9.9 |
| 2022-04 | 11.6 |
| 2022-03 | 7.7 |
| 2022-02 | 8.0 |
| 2022-01 | 7.4 |
| 2021-12 | 6.5 |
| 2021-11 | 6.3 |
| 2021-10 | 4.4 |
| 2021-09 | 3.3 |
| 2021-08 | 4.0 |
| 2021-07 | 3.8 |
| 2021-06 | 0.6 |
| 2021-05 | -1.1 |
| 2021-04 | -8.6 |
| 2021-03 | -7.6 |
| 2021-02 | -11.5 |
| 2021-01 | -9.8 |
| 2020-12 | -7.3 |
| 2020-11 | -13.0 |
| 2020-10 | -9.0 |
| 2020-09 | -3.4 |
| 2020-08 | -5.4 |
| 2020-07 | -8.6 |
| 2020-06 | -12.6 |
| 2020-05 | -22.9 |
| 2020-04 | -23.1 |
| 2020-03 | -3.4 |
| 2020-02 | 0.5 |
| 2020-01 | 0.1 |
| 2019-12 | 0.8 |
| 2019-11 | -0.4 |
| 2019-10 | 1.6 |
| 2019-09 | -1.1 |
| 2019-08 | -1.1 |
| 2019-07 | 0.1 |
| 2019-06 | 0.2 |
| 2019-05 | -2.0 |
| 2019-04 | -2.5 |
| 2019-03 | -1.0 |
| 2019-02 | -2.3 |
| 2019-01 | -2.2 |
| 2018-12 | 0.3 |
| 2018-11 | -2.5 |
| 2018-10 | -2.9 |
| 2018-09 | -2.1 |
| 2018-08 | -0.7 |
| 2018-07 | -6.8 |
| 2018-06 | -4.8 |
| 2018-05 | -2.2 |
| 2018-04 | -3.0 |
| 2018-03 | -3.2 |
| 2018-02 | -3.4 |
| 2018-01 | -2.4 |
| 2017-12 | -3.3 |
| 2017-11 | -2.7 |
| 2017-10 | -2.5 |
| 2017-09 | -2.4 |
| 2017-08 | -5.6 |
| 2017-07 | -7.0 |
| 2017-06 | -4.2 |
| 2017-05 | -5.1 |
| 2017-04 | -5.3 |
| 2017-03 | -3.7 |
| 2017-02 | -3.2 |
| 2017-01 | -6.3 |
| 2016-12 | -5.5 |
| 2016-11 | -7.7 |
| 2016-10 | -6.8 |
| 2016-09 | -4.8 |
| 2016-08 | -5.2 |
| 2016-07 | -4.7 |
| 2016-06 | -6.8 |
| 2016-05 | -6.2 |
| 2016-04 | -4.9 |
| 2016-03 | -5.1 |
| 2016-02 | -4.6 |
| 2016-01 | -8.5 |
| 2015-12 | -8.9 |
| 2015-11 | -5.8 |
| 2015-10 | -5.9 |
| 2015-09 | -7.5 |
| 2015-08 | -6.4 |
| 2015-07 | -6.9 |
| 2015-06 | -6.1 |
| 2015-05 | -6.2 |
| 2015-04 | -7.8 |
| 2015-03 | -9.8 |
| 2015-02 | -9.7 |
| 2015-01 | -11.4 |
| 2014-12 | -11.0 |
| 2014-11 | -10.3 |
| 2014-10 | -9.5 |
| 2014-09 | -10.6 |
| 2014-08 | -9.0 |
| 2014-07 | -9.2 |
| 2014-06 | -9.3 |
| 2014-05 | -9.9 |
| 2014-04 | -9.6 |
| 2014-03 | -10.8 |
| 2014-02 | -11.0 |
| 2014-01 | -8.4 |
| 2013-12 | -9.4 |
| 2013-11 | -8.5 |
| 2013-10 | -10.1 |
| 2013-09 | -10.4 |
| 2013-08 | -10.7 |
| 2013-07 | -12.3 |
| 2013-06 | -12.0 |
| 2013-05 | -12.3 |
| 2013-04 | -12.3 |
| 2013-03 | -12.0 |
| 2013-02 | -11.9 |
| 2013-01 | -9.8 |
| 2012-12 | -9.2 |
| 2012-11 | -9.6 |
| 2012-10 | -11.0 |
| 2012-09 | -7.6 |
| 2012-08 | -7.8 |
| 2012-07 | -4.3 |
| 2012-06 | -6.0 |
| 2012-05 | -5.6 |
| 2012-04 | -4.2 |
| 2012-03 | -0.7 |
| 2012-02 | -3.4 |
| 2012-01 | 0.5 |
| 2011-12 | -2.3 |
| 2011-11 | -4.3 |
| 2011-10 | -3.0 |
| 2011-09 | -1.6 |
| 2011-08 | -1.5 |
| 2011-07 | -0.3 |
| 2011-06 | 0.5 |
| 2011-05 | 5.1 |
| 2011-04 | 2.4 |
| 2011-03 | 3.5 |
| 2011-02 | 3.3 |
| 2011-01 | -0.1 |
| 2010-12 | 0.0 |
| 2010-11 | -1.1 |
| 2010-10 | -0.9 |
| 2010-09 | -3.1 |
| 2010-08 | -3.8 |
| 2010-07 | -7.7 |
| 2010-06 | -5.4 |
| 2010-05 | -5.7 |
| 2010-04 | -7.8 |
| 2010-03 | -7.5 |
| 2010-02 | -9.0 |
| 2010-01 | -8.5 |
| 2009-12 | -10.1 |
| 2009-11 | -10.1 |
| 2009-10 | -9.4 |
| 2009-09 | -12.4 |
| 2009-08 | -14.4 |
| 2009-07 | -18.5 |
| 2009-06 | -15.4 |
| 2009-05 | -17.8 |
| 2009-04 | -17.7 |
| 2009-03 | -17.1 |
| 2009-02 | -13.1 |
| 2009-01 | -13.1 |
| 2008-12 | -13.8 |
| 2008-11 | -9.6 |
| 2008-10 | -2.7 |
| 2008-09 | 0.3 |
| 2008-08 | 1.5 |
| 2008-07 | 3.4 |
| 2008-06 | 3.2 |
| 2008-05 | 3.4 |
| 2008-04 | 3.9 |
| 2008-03 | 2.6 |
| 2008-02 | 2.1 |
| 2008-01 | 2.2 |
| 2007-12 | 3.0 |
| 2007-11 | 2.7 |
| 2007-10 | 1.3 |
| 2007-09 | 2.3 |
| 2007-08 | 3.2 |
| 2007-07 | 3.4 |
| 2007-06 | 2.1 |
| 2007-05 | 2.9 |
| 2007-04 | 2.2 |
| 2007-03 | 1.5 |
| 2007-02 | 1.1 |
| 2007-01 | 1.8 |
graphiqueExpected prices in services
- Source: INSEE
In October 2024, the balances of opinion on the past and expected workforce size have both sharply deteriorated and have moved away from their long-term average.
The share of business managers reporting difficulties in recruitment this quarter has retreated. This part has reached its lowest level since the second quarter 2021 but remains above its average.
The quarterly balance of opinion on the expected investment in the next three months has diminished again, moving away from its own.
Concerning the obstacles preventing them from increasing their activity, the business managers in services are almost as numerous as in July to report difficulties of supply only and difficulties of demand only. These two shares remain sharply below their average level. The part of business managers reporting difficulties of supply and demand at the same time has diminished anew and has reached its average level.
Finally, the quarterly balance on the cash position has decreased compared to July. After three quarters in a row of decline, it has thus moved below its average and has reached an unobserved level since the second quarter of 2021.
tableauEconomic outlook in the services sector
| Average* | Jul. 2024 | Aug. 2024 | Sept. 2024 | Oct. 2024 | |
|---|---|---|---|---|---|
| Composite indicator | 100 | 95 | 98 | 99 | 101 |
| General outlook | -7 | -10 | -8 | -7 | -6 |
| Past activity | 2 | -1 | -1 | -2 | 0 |
| Expected activity | 2 | -3 | -1 | -2 | 4 |
| Expected demand | 0 | -10 | -3 | 1 | 2 |
| Past selling prices | -3 | 3 | 3 | 0 | 0 |
| Expected selling prices | -2 | 3 | 1 | 3 | 7 |
| Past employment | 2 | -7 | -11 | -4 | -9 |
| Past employment except temporary work agencies | 0 | -6 | -7 | -2 | -7 |
| Expected employment | 2 | -10 | -2 | -2 | -5 |
| Expected employment except temporary work agencies | 0 | -5 | -3 | -2 | -3 |
| Cash position*** | -11 | -10 | -12 | ||
| Difficulties | |||||
| difficulties of supply and demand (in %)*** | 9 | 12 | 9 | ||
| difficulties of supply only (in %)*** | 23 | 18 | 17 | ||
| difficulties of demand only (in %)*** | 28 | 18 | 18 | ||
| Difficulties in recruitment (in %)*** | 32 | 45 | 38 | ||
| Expected investments*** | 3 | 0 | -2 | ||
| Economic uncertainty felt** | 12 | 14 | 12 | 11 | 13 |
- * Average since 1989 for the composite indicator and since 1988 for the balances of opinion, except general outlook (June 2000) and uncertainty (April 2021).
- ** Balance of opinion not seasonally adjusted
- *** Balance of opinion from the quarterly section of the survey
- Source: INSEE, monthly business survey in services.
In October 2024, the business climate has brightened in accommodation and food services and in professional, scientific and technical activities
In October 2024, the business climate indicator in professional, scientific and technical activities has rebounded. Just below its long-term average, it has moved closer to its level of last June. In particular, the balances of opinion on the past activity and on the general business outlook for the sector have sharply improved and have moved above their average.
In accommodation and food services, the business climate indicator has rebounded and has returned to its average. The balances on the general business outlook for the sector and on the past and expected activity have sharply improved, whereas those on the workforce size (both past and expected) have sharply decreased.
The business climate indicator in information-communication is stable at its average. The significant rise in the balances of opinion on the activity and demand forecasts are offset by the sharp decrease in those on the past activity and past workforce size.
In administrative and support services, the business climate indicator is also stable, below its average. The balances of opinion on the workforce size (both past and expected) have sharply diminished, whereas those on the past activity and expected demand have improved.
In road freight transport, the business climate has slightly deteriorated. It has continued its almost uninterrupted decline since last June, moving further away from its average level. In particular, the balances of opinion on the expected demand and on the general business outlook have sharply decreased and have moved away from their average.
Finally, the business climate indicator in real estate activities has retreated and has moved below its long-term average. The balances of opinion on the expected demand, on the expected workforce size and on the general business outlook for the sector have diminished. Conversely, the one on the past activity has sharply risen.
tableauBusiness climate composite indicator and balances of opinion by sub-sector in services
| Aggregated classification (NA 2008) at level A21 | Average* | Jul. 2024 | Aug. 2024 | Sept. 2024 | Oct. 2024 |
|---|---|---|---|---|---|
| Road freight transport (8%) | |||||
| Composite indicator | 100 | 98 | 98 | 96 | 95 |
| General outlook | -18 | -27 | -25 | -22 | -30 |
| Past activity | -6 | -19 | -20 | -18 | -14 |
| Expected activity | -7 | -10 | -11 | -17 | -16 |
| Expected demand | -9 | -12 | -12 | -14 | -18 |
| Past employment | -5 | -4 | -6 | 1 | -4 |
| Expected employment | -7 | -9 | -6 | -11 | -12 |
| Accommodation and food service activities (8%) | |||||
| Composite indicator | 100 | 102 | 105 | 97 | 100 |
| General outlook | -13 | -5 | -8 | -21 | -13 |
| Past activity | -7 | 4 | -20 | -22 | -18 |
| Expected activity | -7 | -11 | 3 | -15 | -3 |
| Expected demand | -9 | -7 | 6 | -7 | -9 |
| Past employment | -5 | -5 | -14 | -6 | -13 |
| Expected employment | -6 | -12 | -1 | -1 | -8 |
| Information and communication (29%) | |||||
| Composite indicator | 100 | 97 | 98 | 100 | 100 |
| General outlook | 0 | -3 | 0 | -1 | -2 |
| Past activity | 8 | 11 | 17 | 15 | 10 |
| Expected activity | 9 | 14 | 6 | 9 | 19 |
| Expected demand | 10 | -7 | 6 | 19 | 23 |
| Past employment | 6 | -5 | -3 | 3 | -6 |
| Expected employment | 10 | 1 | -5 | 1 | 3 |
| Real estate activities (10%) | |||||
| Composite indicator | 100 | 91 | 95 | 101 | 99 |
| General outlook | -4 | -9 | -5 | -2 | -4 |
| Past activity | 6 | 4 | 7 | 3 | 11 |
| Expected activity | 6 | -1 | 0 | 6 | 6 |
| Expected demand | 1 | -2 | -3 | 4 | -3 |
| Past employment | 2 | -7 | 5 | -2 | 2 |
| Expected employment | 2 | 2 | -5 | 1 | -1 |
| Professional, scientific and technical activities (25%) | |||||
| Composite indicator | 100 | 96 | 97 | 96 | 99 |
| General outlook | -8 | -12 | -12 | -9 | -5 |
| Past activity | -1 | -6 | -1 | -5 | 1 |
| Expected activity | -2 | -7 | -6 | -12 | -9 |
| Expected demand | -5 | -11 | -11 | -13 | -10 |
| Past employment | 1 | -2 | -2 | 3 | 2 |
| Expected employment | 1 | -1 | -1 | -2 | -1 |
| Administrative and support service activities (18%) | |||||
| Composite indicator | 100 | 91 | 94 | 96 | 96 |
| General outlook | -3 | -5 | -2 | 1 | -2 |
| Past activity | 5 | -6 | -10 | -9 | -8 |
| Expected activity | 5 | -10 | -4 | -3 | -1 |
| Expected demand | 3 | -6 | -5 | -3 | -1 |
| Past employment | 7 | -10 | -15 | -7 | -17 |
| Expected employment | 6 | -28 | -3 | -7 | -15 |
- The figures in parentheses indicate the weights used to aggregate the sub-sector balances of opinion. The “other services” sub-sector is not displayed due to its low weight.
- * Composite indicator: average since 1989 (2006 for road transport); balances of opinion: average since 1988, except general outlook since June 2000 (2006 for road transport).
- Source: INSEE, monthly business survey in services.
Revision
The business climate indicator in services of September 2024 has been revised upwards by one point (after rounding). This revision is mainly due to the inclusion of late responses from businesses.
For further information
The composite indicators of business climate presented here are estimated independently of one another. Thus, that of the whole services cannot be deduced from the 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 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 calculated as the difference between the weighted percentage of “increase” responses and the weighted percentage of “decrease” responses.
This survey is part of the Joint Harmonised EU Programme of Business and Consumer Surveys, partly funded by the European Commission.
The responses to this survey were collected between 27 September 2024 and 21 October 2024; most companies answer during the first two weeks of collection.
Additional information (simplified and detailed methodology, nomenclature, etc.) is available on the “Documentation” tab of the web page of this publication.
Next issue: 21 November 2024 at 8:45 am.
Documentation
Changes to business tendency surveys – October 2021 (pdf,181 Ko)
Abbreviated methodology (in French) (pdf,193 Ko)
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The composite indicators of business climate presented here are estimated independently of one another. Thus, that of the whole services cannot be deduced from the 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 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 calculated as the difference between the weighted percentage of “increase” responses and the weighted percentage of “decrease” responses.
This survey is part of the Joint Harmonised EU Programme of Business and Consumer Surveys, partly funded by the European Commission.
The responses to this survey were collected between 27 September 2024 and 21 October 2024; most companies answer during the first two weeks of collection.
Additional information (simplified and detailed methodology, nomenclature, etc.) is available on the “Documentation” tab of the web page of this publication.
Next issue: 21 November 2024 at 8:45 am.