Informations Rapides ·
22 May 2025 · n° 126
In May 2025, the business climate in manufacturing industry has fallen back Monthly business survey (goods-producing industries) - May 2025
In May 2025, the business climate in manufacturing industry has fallen back. At 97, the synthetic indicator has lost three points and has returned to its February's level, below its long-term average (100). This decrease in the climate mainly comes from the retreat in the balances of opinion on personal production prospects and on global order books.
In May 2025, the business climate in manufacturing industry has fallen back. At 97, the synthetic indicator has lost three points and has returned to its February's level, below its long-term average (100). This decrease in the climate mainly comes from the retreat in the balances of opinion on personal production prospects and on global order books.
tableauBusiness climate in manufacturing - Composite indicator
| Business climate in manufacturing - Composite indicator | |
|---|---|
| 2025-05 | 96.9 |
| 2025-04 | 99.8 |
| 2025-03 | 96.1 |
| 2025-02 | 97.0 |
| 2025-01 | 95.7 |
| 2024-12 | 97.0 |
| 2024-11 | 96.7 |
| 2024-10 | 92.9 |
| 2024-09 | 99.1 |
| 2024-08 | 98.9 |
| 2024-07 | 95.4 |
| 2024-06 | 99.0 |
| 2024-05 | 99.6 |
| 2024-04 | 100.0 |
| 2024-03 | 102.1 |
| 2024-02 | 100.7 |
| 2024-01 | 99.1 |
| 2023-12 | 99.4 |
| 2023-11 | 99.0 |
| 2023-10 | 99.0 |
| 2023-09 | 98.7 |
| 2023-08 | 96.8 |
| 2023-07 | 100.8 |
| 2023-06 | 100.4 |
| 2023-05 | 99.3 |
| 2023-04 | 100.9 |
| 2023-03 | 103.1 |
| 2023-02 | 103.4 |
| 2023-01 | 102.6 |
| 2022-12 | 101.7 |
| 2022-11 | 102.0 |
| 2022-10 | 103.8 |
| 2022-09 | 102.5 |
| 2022-08 | 103.3 |
| 2022-07 | 105.5 |
| 2022-06 | 107.6 |
| 2022-05 | 107.1 |
| 2022-04 | 108.0 |
| 2022-03 | 107.2 |
| 2022-02 | 111.4 |
| 2022-01 | 112.7 |
| 2021-12 | 109.4 |
| 2021-11 | 110.6 |
| 2021-10 | 108.1 |
| 2021-09 | 107.6 |
| 2021-08 | 109.3 |
| 2021-07 | 109.2 |
| 2021-06 | 107.4 |
| 2021-05 | 107.5 |
| 2021-04 | 103.6 |
| 2021-03 | 98.1 |
| 2021-02 | 97.0 |
| 2021-01 | 95.9 |
| 2020-12 | 94.8 |
| 2020-11 | 92.4 |
| 2020-10 | 94.6 |
| 2020-09 | 94.7 |
| 2020-08 | 90.9 |
| 2020-07 | 81.0 |
| 2020-06 | 76.5 |
| 2020-05 | 69.8 |
| 2020-04 | 66.2 |
| 2020-03 | 97.3 |
| 2020-02 | 100.3 |
| 2020-01 | 102.3 |
| 2019-12 | 99.2 |
| 2019-11 | 102.9 |
| 2019-10 | 100.3 |
| 2019-09 | 102.6 |
| 2019-08 | 102.0 |
| 2019-07 | 101.0 |
| 2019-06 | 101.8 |
| 2019-05 | 103.6 |
| 2019-04 | 101.1 |
| 2019-03 | 103.4 |
| 2019-02 | 102.9 |
| 2019-01 | 103.2 |
| 2018-12 | 103.7 |
| 2018-11 | 105.8 |
| 2018-10 | 105.0 |
| 2018-09 | 108.2 |
| 2018-08 | 108.7 |
| 2018-07 | 108.6 |
| 2018-06 | 109.6 |
| 2018-05 | 109.8 |
| 2018-04 | 110.4 |
| 2018-03 | 110.7 |
| 2018-02 | 112.5 |
| 2018-01 | 113.9 |
| 2017-12 | 112.3 |
| 2017-11 | 112.3 |
| 2017-10 | 112.1 |
| 2017-09 | 111.8 |
| 2017-08 | 110.1 |
| 2017-07 | 108.6 |
| 2017-06 | 109.1 |
| 2017-05 | 108.4 |
| 2017-04 | 108.2 |
| 2017-03 | 105.5 |
| 2017-02 | 106.6 |
| 2017-01 | 105.9 |
| 2016-12 | 105.9 |
| 2016-11 | 102.2 |
| 2016-10 | 102.2 |
| 2016-09 | 103.5 |
| 2016-08 | 101.6 |
| 2016-07 | 101.7 |
| 2016-06 | 101.6 |
| 2016-05 | 104.4 |
| 2016-04 | 104.8 |
| 2016-03 | 102.6 |
| 2016-02 | 103.1 |
| 2016-01 | 102.9 |
| 2015-12 | 102.7 |
| 2015-11 | 102.4 |
| 2015-10 | 103.2 |
| 2015-09 | 104.8 |
| 2015-08 | 103.6 |
| 2015-07 | 101.5 |
| 2015-06 | 100.2 |
| 2015-05 | 101.7 |
| 2015-04 | 101.5 |
| 2015-03 | 99.0 |
| 2015-02 | 98.3 |
| 2015-01 | 98.7 |
| 2014-12 | 98.7 |
| 2014-11 | 98.8 |
| 2014-10 | 97.3 |
| 2014-09 | 96.8 |
| 2014-08 | 96.5 |
| 2014-07 | 96.2 |
| 2014-06 | 96.4 |
| 2014-05 | 98.2 |
| 2014-04 | 100.3 |
| 2014-03 | 100.7 |
| 2014-02 | 98.2 |
| 2014-01 | 99.6 |
| 2013-12 | 99.2 |
| 2013-11 | 98.0 |
| 2013-10 | 97.8 |
| 2013-09 | 95.8 |
| 2013-08 | 98.4 |
| 2013-07 | 94.6 |
| 2013-06 | 92.5 |
| 2013-05 | 91.8 |
| 2013-04 | 87.2 |
| 2013-03 | 90.2 |
| 2013-02 | 90.3 |
| 2013-01 | 89.6 |
| 2012-12 | 90.6 |
| 2012-11 | 91.4 |
| 2012-10 | 86.7 |
| 2012-09 | 92.5 |
| 2012-08 | 92.7 |
| 2012-07 | 90.9 |
| 2012-06 | 92.9 |
| 2012-05 | 94.6 |
| 2012-04 | 95.5 |
| 2012-03 | 96.4 |
| 2012-02 | 94.8 |
| 2012-01 | 94.7 |
| 2011-12 | 94.5 |
| 2011-11 | 97.5 |
| 2011-10 | 97.3 |
| 2011-09 | 99.1 |
| 2011-08 | 101.3 |
| 2011-07 | 104.9 |
| 2011-06 | 110.0 |
| 2011-05 | 107.3 |
| 2011-04 | 110.3 |
| 2011-03 | 110.3 |
| 2011-02 | 106.9 |
| 2011-01 | 108.8 |
| 2010-12 | 104.2 |
| 2010-11 | 101.7 |
| 2010-10 | 104.0 |
| 2010-09 | 102.8 |
| 2010-08 | 100.2 |
| 2010-07 | 97.0 |
| 2010-06 | 95.4 |
| 2010-05 | 96.2 |
| 2010-04 | 94.7 |
| 2010-03 | 90.7 |
| 2010-02 | 88.2 |
| 2010-01 | 89.7 |
| 2009-12 | 86.9 |
| 2009-11 | 87.0 |
| 2009-10 | 84.6 |
| 2009-09 | 83.3 |
| 2009-08 | 80.3 |
| 2009-07 | 75.7 |
| 2009-06 | 74.1 |
| 2009-05 | 71.6 |
| 2009-04 | 69.8 |
| 2009-03 | 65.8 |
| 2009-02 | 67.8 |
| 2009-01 | 72.0 |
| 2008-12 | 72.6 |
| 2008-11 | 79.3 |
| 2008-10 | 86.7 |
| 2008-09 | 91.5 |
| 2008-08 | 98.0 |
| 2008-07 | 98.7 |
| 2008-06 | 103.5 |
| 2008-05 | 104.2 |
| 2008-04 | 107.5 |
| 2008-03 | 110.2 |
| 2008-02 | 110.5 |
| 2008-01 | 110.8 |
| 2007-12 | 112.8 |
| 2007-11 | 112.5 |
| 2007-10 | 110.2 |
| 2007-09 | 110.9 |
| 2007-08 | 111.3 |
| 2007-07 | 111.8 |
| 2007-06 | 111.6 |
| 2007-05 | 110.3 |
| 2007-04 | 112.2 |
| 2007-03 | 111.6 |
| 2007-02 | 112.0 |
| 2007-01 | 108.5 |
| 2006-12 | 109.4 |
| 2006-11 | 109.8 |
| 2006-10 | 107.4 |
| 2006-09 | 108.3 |
| 2006-08 | 108.7 |
| 2006-07 | 109.2 |
| 2006-06 | 108.8 |
| 2006-05 | 109.0 |
| 2006-04 | 108.0 |
| 2006-03 | 106.5 |
| 2006-02 | 106.7 |
| 2006-01 | 103.2 |
| 2005-12 | 104.1 |
| 2005-11 | 101.0 |
| 2005-10 | 101.1 |
| 2005-09 | 98.8 |
| 2005-08 | 99.6 |
| 2005-07 | 100.1 |
| 2005-06 | 98.9 |
| 2005-05 | 96.9 |
| 2005-04 | 96.5 |
| 2005-03 | 99.6 |
| 2005-02 | 103.1 |
| 2005-01 | 103.3 |
graphiqueBusiness climate in manufacturing - Composite indicator
- Source: INSEE.
tableauIndustrialists’ opinion on manufacturing industry
| Manufacturing industry | Ave.* | Feb-25 | Mar-25 | Apr-25 | May-25 |
|---|---|---|---|---|---|
| Business climate | 100 | 97 | 96 | 100 | 97 |
| Past production | 4 | -3 | -3 | 2 | 3 |
| Finished-goods inventory | 12 | 9 | 9 | 8 | 9 |
| Overall order books | -18 | -24 | -26 | -18 | -24 |
| Foreign order books | -14 | -17 | -21 | -17 | -16 |
| Past workforce size | -8 | -6 | -5 | -2 | -1 |
| Expected workforce size | -9 | -4 | -2 | -1 | -2 |
| Personal production prospects | 6 | 6 | 6 | 12 | -1 |
| General production prospects | -7 | -15 | -11 | -15 | -13 |
| Expected trend in selling prices | 4 | 6 | 5 | 7 | 6 |
| Economic uncertainty felt** | 29 | 29 | 24 | 29 | 32 |
- * Long-term average since 1976 except for the economic uncertainty felt (April 2021).
- ** Non-seasonally adjusted balance of opinion.
- Source: INSEE - Monthly business tendency survey in industry.
The balances of opinion on global order books and on personal production prospects have strongly retreated
In May 2025, the balance of opinion associated with the level of global order books has strongly retreated and has left its long-term average. However, the balance relative to foreign order books has slightly increased again and has moved closer to its own.
The balance of opinion on personal production prospects has fallen back sharply and has moved back below its long-term average. However, the ones relating to past production and to general production prospects in the industry have slightly increased. The balance of opinion associated with past production is just below its average, while the one associated with general prospects remains well below its own. The balance of opinion on economic uncertainty felt by business leaders, meanwhile, has increased again and has departed from its average.
The balance of opinion on the current level of finished-goods inventories has slightly increased and has moved closer to its long-term average.
The balance of opinion on the past evolution of workforce size has increased for the third consecutive month and has moved away from its average. The one associated with the expected evolution of workforce size has decreased slightly and has moved closer to its own.
The balance of opinion relating to the expected trend in selling prices over the next three months has retreated a little and has moved closer to its average.
The share of companies reporting being limited in their production by workforce shortage has declined slightly and has moved closer to its average. The share of those reporting sourcing difficulties as a limiting factor to their production has moderately rebounded and has moved away from its own. Overall, the proportion of companies declaring supply-side obstacles only has diminished: at 23%, it remains just above its long-term average. The share of companies reporting obstacles linked to demand only has also decreased: at 26%, it is well below its long-term average.
tableauShare of companies declaring obstacles limiting their production*
| Manufacturing industry | Ave.** | Feb-25 | Mar-25 | Apr-25 | May-25 |
|---|---|---|---|---|---|
| Difficulties of supply and demand | 9 | 11 | 10 | 9 | 10 |
| Sourcing difficulties | 11 | 17 | 19 | 14 | 15 |
| Workforce shortage | 9 | 12 | 11 | 12 | 11 |
| Difficulties of supply only | 22 | 24 | 25 | 24 | 23 |
| Difficulties of demand only | 39 | 24 | 24 | 27 | 26 |
- * Quaterly series from January 1991 then monthly series from May 2022.
- ** Long-term average since 1991 on monthly series (over the quarterly collection period, the point collected in the first month of each quarter was carried over identically to the following two months).
- Source: INSEE – Monthly business survey in industry.
The business climate has retreated in the manufacturing of food products and beverages, and in the manufacturing of transport equipment
In May 2025, the business climate indicator in the manufacturing of food products and beverages has fallen back. At 95, it has moved away from its long-term average (100). This decrease mainly comes from the retreat in the balances of opinion on order books, both global and foreign. The balance of opinion on global order books has reached its lowest level since July 2024. However, personal production prospects have strongly improved and have gone back above their average.
In the manufacturing of machinery and equipment goods, the synthetic indicator of the business climate has increased, and has moved back above its long-term average for the first time since March 2024. This rise mainly comes from the sharp rebound in the balance of opinion on foreign order books. Personal production prospects have strongly retreated but remain above their average.
In the manufacturing of transport equipment, the business climate indicator has fallen back and has returned to its long-term average (100). It has retreated both in the sub-sector of motor vehicles, trailers and semi-trailers and in “other transport equipment”. In the sub-sector of motor vehicles, trailers and semi-trailers, the decline comes from the balances of opinion on production, both past and expected, in addition to the balance of opinion on global order books. In “other transport equipment”, it comes mainly from personal production prospects and the balance of opinion on global order books.
Finally, the business climate indicator in “other manufacturing” is stable for the third consecutive month. At 94, the indicator remains well below its long-term average. The business climate indicator has strongly retreated in “other manufacturing industries” (which particularly includes the repair and installation of machinery), where it has moved below its average and has reached its lowest level since July 2017 (excluding COVID-19 pandemic). All of the balances used to compute the climate have contributed to this fall. In all of the other sub-sectors, the business climate indicator is stable or almost stable, except in “wood, paper, printing” where it has slightly improved, yet remaining below its average.
tableauBusiness climates in a sector-based approach
| (C1) | (C3) | (C4) | (C5) | |
|---|---|---|---|---|
| 2025-05 | 94.9 | 101.1 | 100.3 | 94.4 |
| 2025-04 | 97.3 | 99.3 | 104.8 | 94.2 |
| 2025-03 | 93.8 | 99.1 | 97.1 | 94.3 |
| 2025-02 | 97.2 | 96.1 | 101.6 | 94.7 |
| 2025-01 | 96.9 | 94.0 | 98.9 | 94.7 |
| 2024-12 | 97.9 | 96.7 | 109.7 | 93.2 |
| 2024-11 | 97.0 | 96.9 | 101.5 | 94.2 |
| 2024-10 | 95.9 | 95.9 | 95.5 | 94.3 |
| 2024-09 | 94.9 | 98.5 | 110.2 | 94.0 |
| 2024-08 | 97.4 | 95.7 | 110.2 | 95.1 |
| 2024-07 | 92.0 | 97.2 | 100.2 | 94.2 |
| 2024-06 | 92.3 | 99.2 | 109.4 | 95.3 |
| 2024-05 | 90.3 | 99.4 | 109.0 | 96.8 |
| 2024-04 | 92.1 | 97.0 | 111.1 | 95.3 |
| 2024-03 | 89.6 | 102.3 | 112.2 | 96.0 |
| 2024-02 | 86.8 | 98.5 | 111.1 | 96.5 |
| 2024-01 | 86.8 | 98.8 | 112.3 | 94.4 |
| 2023-12 | 85.8 | 98.7 | 111.5 | 95.3 |
| 2023-11 | 86.0 | 103.8 | 110.6 | 94.4 |
| 2023-10 | 85.0 | 101.2 | 111.9 | 94.9 |
| 2023-09 | 88.0 | 104.7 | 103.2 | 95.9 |
| 2023-08 | 88.0 | 102.3 | 102.9 | 95.2 |
| 2023-07 | 91.7 | 106.4 | 111.9 | 94.7 |
| 2023-06 | 87.1 | 105.7 | 105.1 | 94.8 |
| 2023-05 | 92.4 | 106.4 | 103.7 | 95.0 |
| 2023-04 | 93.9 | 109.8 | 103.4 | 97.4 |
| 2023-03 | 97.2 | 111.6 | 103.5 | 98.5 |
| 2023-02 | 101.8 | 110.0 | 104.2 | 96.5 |
| 2023-01 | 100.8 | 111.1 | 103.1 | 96.8 |
| 2022-12 | 99.6 | 112.3 | 102.3 | 96.0 |
| 2022-11 | 104.9 | 111.0 | 103.6 | 96.0 |
| 2022-10 | 109.0 | 114.1 | 104.7 | 97.1 |
| 2022-09 | 107.4 | 111.6 | 99.5 | 98.8 |
| 2022-08 | 107.6 | 112.9 | 99.9 | 99.7 |
| 2022-07 | 107.3 | 112.6 | 105.2 | 101.8 |
| 2022-06 | 107.5 | 112.4 | 101.8 | 105.9 |
| 2022-05 | 107.1 | 112.0 | 101.4 | 105.0 |
| 2022-04 | 109.3 | 113.4 | 101.7 | 108.5 |
| 2022-03 | 109.8 | 112.0 | 99.6 | 107.8 |
| 2022-02 | 110.9 | 114.9 | 103.9 | 111.8 |
| 2022-01 | 112.3 | 115.9 | 104.5 | 111.0 |
| 2021-12 | 116.6 | 116.6 | 91.0 | 112.5 |
| 2021-11 | 116.0 | 116.6 | 97.3 | 114.1 |
| 2021-10 | 113.7 | 116.0 | 90.4 | 112.0 |
| 2021-09 | 109.8 | 116.2 | 89.3 | 113.3 |
| 2021-08 | 111.3 | 119.6 | 92.3 | 113.3 |
| 2021-07 | 114.4 | 114.9 | 91.8 | 114.9 |
| 2021-06 | 116.7 | 115.4 | 89.8 | 110.9 |
| 2021-05 | 116.2 | 111.9 | 89.6 | 110.5 |
| 2021-04 | 105.8 | 112.9 | 88.5 | 107.2 |
| 2021-03 | 100.2 | 106.0 | 82.9 | 104.0 |
| 2021-02 | 94.6 | 105.1 | 88.8 | 101.6 |
| 2021-01 | 91.8 | 103.2 | 87.0 | 100.7 |
| 2020-12 | 89.3 | 95.2 | 88.8 | 101.9 |
| 2020-11 | 93.3 | 91.1 | 90.6 | 95.1 |
| 2020-10 | 94.5 | 93.0 | 91.4 | 95.8 |
| 2020-09 | 102.7 | 90.2 | 92.6 | 92.9 |
| 2020-08 | 96.6 | 89.7 | 90.6 | 87.7 |
| 2020-07 | 88.4 | 84.6 | 79.6 | 81.1 |
| 2020-06 | 90.9 | 79.0 | 75.8 | 78.4 |
| 2020-05 | 91.5 | 76.7 | 74.7 | 73.6 |
| 2020-04 | 93.5 | 76.8 | 72.2 | 72.3 |
| 2020-03 | 108.0 | 98.1 | 94.8 | 97.2 |
| 2020-02 | 108.2 | 98.9 | 99.3 | 100.3 |
| 2020-01 | 108.4 | 99.8 | 105.5 | 99.5 |
| 2019-12 | 107.7 | 97.3 | 100.8 | 97.9 |
| 2019-11 | 104.9 | 98.2 | 107.4 | 101.3 |
| 2019-10 | 106.0 | 96.1 | 101.3 | 100.0 |
| 2019-09 | 108.4 | 99.8 | 102.6 | 102.0 |
| 2019-08 | 108.7 | 99.2 | 101.5 | 101.9 |
| 2019-07 | 103.1 | 102.8 | 99.6 | 100.4 |
| 2019-06 | 108.8 | 98.8 | 100.4 | 100.8 |
| 2019-05 | 111.1 | 104.0 | 102.1 | 102.2 |
| 2019-04 | 107.4 | 101.1 | 100.4 | 100.6 |
| 2019-03 | 107.8 | 100.3 | 102.2 | 101.5 |
| 2019-02 | 108.5 | 104.3 | 99.5 | 101.3 |
| 2019-01 | 108.1 | 102.5 | 102.0 | 102.3 |
| 2018-12 | 108.0 | 102.7 | 103.0 | 102.4 |
| 2018-11 | 109.1 | 102.2 | 105.1 | 103.2 |
| 2018-10 | 102.8 | 106.4 | 104.2 | 103.9 |
| 2018-09 | 107.8 | 107.8 | 105.8 | 105.5 |
| 2018-08 | 107.9 | 107.4 | 106.6 | 105.9 |
| 2018-07 | 107.4 | 107.8 | 106.7 | 106.6 |
| 2018-06 | 109.6 | 107.5 | 109.9 | 105.8 |
| 2018-05 | 108.2 | 110.9 | 108.4 | 107.7 |
| 2018-04 | 110.4 | 109.2 | 111.6 | 107.5 |
| 2018-03 | 109.3 | 109.3 | 111.2 | 109.6 |
| 2018-02 | 110.2 | 110.1 | 111.7 | 110.3 |
| 2018-01 | 111.3 | 111.4 | 112.2 | 111.4 |
| 2017-12 | 111.3 | 111.4 | 111.1 | 110.8 |
| 2017-11 | 112.1 | 109.9 | 110.2 | 111.7 |
| 2017-10 | 112.2 | 109.1 | 109.1 | 111.6 |
| 2017-09 | 106.9 | 107.8 | 110.1 | 109.3 |
| 2017-08 | 109.0 | 106.2 | 108.9 | 108.4 |
| 2017-07 | 109.2 | 108.6 | 109.1 | 107.0 |
| 2017-06 | 111.8 | 108.3 | 104.9 | 108.7 |
| 2017-05 | 105.8 | 108.3 | 105.3 | 106.9 |
| 2017-04 | 105.6 | 106.4 | 103.9 | 107.7 |
| 2017-03 | 104.5 | 103.9 | 104.6 | 104.9 |
| 2017-02 | 105.5 | 103.3 | 105.7 | 106.5 |
| 2017-01 | 103.8 | 101.5 | 106.2 | 105.8 |
| 2016-12 | 108.8 | 103.2 | 104.6 | 105.0 |
| 2016-11 | 108.1 | 99.5 | 102.0 | 101.6 |
| 2016-10 | 106.9 | 97.3 | 105.9 | 101.3 |
| 2016-09 | 109.3 | 98.5 | 105.3 | 100.5 |
| 2016-08 | 99.6 | 98.3 | 104.1 | 101.5 |
| 2016-07 | 104.7 | 97.5 | 105.4 | 101.8 |
| 2016-06 | 103.3 | 97.2 | 106.0 | 101.6 |
| 2016-05 | 103.5 | 97.2 | 105.9 | 104.0 |
| 2016-04 | 106.2 | 100.0 | 109.3 | 101.3 |
| 2016-03 | 101.7 | 99.2 | 105.9 | 101.3 |
| 2016-02 | 100.3 | 100.8 | 109.3 | 100.0 |
| 2016-01 | 101.8 | 100.7 | 108.2 | 99.6 |
| 2015-12 | 100.1 | 98.1 | 108.0 | 101.8 |
| 2015-11 | 102.6 | 99.7 | 107.8 | 99.6 |
| 2015-10 | 104.5 | 98.2 | 108.2 | 99.9 |
| 2015-09 | 105.7 | 96.0 | 109.4 | 102.7 |
| 2015-08 | 103.4 | 97.3 | 108.5 | 101.6 |
| 2015-07 | 108.6 | 98.4 | 105.0 | 102.9 |
| 2015-06 | 105.2 | 97.1 | 105.4 | 101.0 |
| 2015-05 | 101.9 | 97.3 | 104.9 | 101.6 |
| 2015-04 | 104.9 | 96.7 | 107.1 | 100.7 |
| 2015-03 | 101.0 | 94.3 | 105.2 | 100.2 |
| 2015-02 | 99.6 | 95.0 | 100.5 | 100.3 |
| 2015-01 | 103.4 | 93.3 | 101.4 | 99.8 |
| 2014-12 | 99.4 | 92.0 | 99.4 | 100.3 |
| 2014-11 | 96.2 | 92.0 | 99.9 | 99.8 |
| 2014-10 | 95.7 | 92.5 | 97.0 | 98.5 |
| 2014-09 | 94.4 | 92.0 | 100.9 | 97.2 |
| 2014-08 | 95.8 | 93.4 | 97.6 | 100.7 |
| 2014-07 | 97.3 | 89.0 | 98.6 | 99.1 |
| 2014-06 | 95.7 | 91.6 | 97.7 | 98.6 |
| 2014-05 | 98.3 | 93.7 | 97.6 | 99.5 |
| 2014-04 | 96.0 | 92.8 | 102.5 | 100.2 |
| 2014-03 | 99.9 | 92.8 | 100.5 | 102.5 |
| 2014-02 | 99.3 | 93.7 | 98.0 | 98.3 |
| 2014-01 | 99.5 | 91.0 | 101.9 | 98.7 |
| 2013-12 | 98.3 | 91.8 | 99.4 | 99.2 |
| 2013-11 | 98.2 | 92.1 | 102.1 | 98.7 |
| 2013-10 | 95.6 | 90.1 | 103.5 | 97.7 |
| 2013-09 | 95.0 | 89.8 | 97.2 | 97.2 |
| 2013-08 | 95.5 | 91.4 | 101.1 | 97.1 |
| 2013-07 | 92.5 | 89.4 | 98.4 | 94.9 |
| 2013-06 | 92.8 | 89.1 | 94.4 | 93.2 |
| 2013-05 | 91.6 | 89.2 | 94.7 | 91.8 |
| 2013-04 | 91.7 | 89.4 | 92.5 | 89.1 |
| 2013-03 | 94.0 | 88.8 | 93.3 | 91.2 |
| 2013-02 | 98.1 | 88.7 | 94.2 | 90.2 |
| 2013-01 | 97.7 | 87.8 | 92.8 | 91.2 |
| 2012-12 | 98.8 | 87.4 | 92.1 | 91.8 |
| 2012-11 | 98.3 | 87.2 | 92.7 | 92.2 |
| 2012-10 | 91.0 | 86.1 | 95.9 | 89.3 |
| 2012-09 | 96.9 | 90.9 | 97.6 | 93.6 |
| 2012-08 | 93.9 | 90.2 | 95.1 | 93.5 |
| 2012-07 | 94.6 | 90.8 | 95.4 | 92.2 |
| 2012-06 | 95.1 | 90.9 | 95.5 | 93.6 |
| 2012-05 | 93.4 | 94.9 | 94.9 | 95.9 |
| 2012-04 | 99.2 | 95.7 | 94.3 | 97.8 |
| 2012-03 | 102.7 | 96.4 | 103.2 | 97.2 |
| 2012-02 | 100.7 | 96.1 | 93.5 | 95.9 |
| 2012-01 | 100.0 | 96.1 | 94.6 | 94.1 |
| 2011-12 | 98.7 | 96.1 | 99.9 | 94.5 |
| 2011-11 | 102.3 | 96.0 | 102.6 | 94.2 |
| 2011-10 | 104.6 | 98.3 | 100.2 | 96.4 |
| 2011-09 | 102.0 | 99.5 | 98.4 | 98.1 |
| 2011-08 | 103.7 | 100.4 | 101.8 | 100.4 |
| 2011-07 | 111.7 | 102.4 | 103.5 | 105.1 |
| 2011-06 | 108.7 | 104.1 | 109.4 | 109.1 |
| 2011-05 | 110.0 | 103.2 | 105.0 | 107.9 |
| 2011-04 | 109.2 | 104.6 | 105.8 | 110.2 |
| 2011-03 | 106.8 | 106.4 | 106.2 | 109.9 |
| 2011-02 | 107.4 | 101.7 | 98.8 | 108.6 |
| 2011-01 | 109.2 | 103.8 | 104.9 | 105.3 |
graphiqueBusiness climates in a sector-based approach
- Legend: (C1): Manufacture of food products and beverages - (C3): Machinery and equipment goods - (C4): Manufacture of transport equipment - (C5): Other manufacturing.
- Source: INSEE.
tableauBusiness climates in a sector-based approach
| NA* : (A17) and [A38 and A64] | Weights** (%) | Mar-25 | Apr-25 | May-25 |
|---|---|---|---|---|
| (C1) Man. of food products and beverages | 20 | 94 | 97 | 95 |
| (C3) Machinery and equipment goods | 11 | 99 | 99 | 101 |
| [CI] Computer, electronic and optical products | 4 | 108 | 109 | 106 |
| [CJ] Electrical equipment | 3 | 99 | 99 | 99 |
| [CK] Machinery and equipment | 5 | 94 | 94 | 97 |
| (C4) Man. of transport equipment | 19 | 97 | 105 | 100 |
| [CL1] Motor vehicles, trailers and semi-trailers | 9 | 89 | 98 | 96 |
| [CL2] Other transport equipment | 10 | 103 | 106 | 104 |
| (C5) Other manufacturing | 45 | 94 | 94 | 94 |
| [CB] Textiles, clothing industries, leather and footwear industry | 2 | 103 | 101 | 100 |
| [CC] Wood, paper, printing | 4 | 98 | 94 | 96 |
| [CE] Chemicals and chemical products | 8 | 90 | 91 | 92 |
| [CG] Rubber and plastic products | 7 | 88 | 91 | 91 |
| [CH] Basic metals and fabricated metal products | 11 | 90 | 90 | 90 |
| [CM] Other manufacturing industries / Manufacture of other industrial products | 10 | 102 | 107 | 99 |
- * NA: aggregated classification, based on the French classification of activities NAF rév.2.
- ** Weights used to aggregate sub-sectors’ balances of opinion.
- Source: INSEE - Monthly business tendency survey in industry.
Revisions
The business climate in manufacturing industry of April 2025 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
For questions with three possible answers, a balance of opinion is the difference between the weighted percentage of “above normal” or “increase” answers and the weighted percentage of “below normal” or “decrease” answers.
The composite indicators of business climate presented here are estimated independently of one another. Thus, that of the whole of manufacturing industry cannot be deduced from the sub-sectoral climates. 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.
This survey is part of the Joint Harmonised EU Programme of Business and Consumer Surveys, partly funded by the European Commission.
Additional information (methodology, links, etc.) is available on the “Documentation” tab.
Answers to this survey have been gathered between 28 April 2025 and 19 May 2025; most companies answer during the first two weeks of collection.
Next issue: 20 June 2025 at 8:45 am.
Documentation
Changes to business tendency surveys – October 2021 (pdf,181 Ko)
Abbreviated methodology (pdf,157 Ko)
Pour en savoir plus
For questions with three possible answers, a balance of opinion is the difference between the weighted percentage of “above normal” or “increase” answers and the weighted percentage of “below normal” or “decrease” answers.
The composite indicators of business climate presented here are estimated independently of one another. Thus, that of the whole of manufacturing industry cannot be deduced from the sub-sectoral climates. 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.
This survey is part of the Joint Harmonised EU Programme of Business and Consumer Surveys, partly funded by the European Commission.
Additional information (methodology, links, etc.) is available on the “Documentation” tab.
Answers to this survey have been gathered between 28 April 2025 and 19 May 2025; most companies answer during the first two weeks of collection.
Next issue: 20 June 2025 at 8:45 am.