Informations Rapides ·
20 June 2025 · n° 151
In June 2025, the business climate in manufacturing industry has deteriorated again Monthly business survey (goods-producing industries) - June 2025
In June 2025, the business climate in manufacturing industry has deteriorated again. At 96, the synthetic indicator has lost one point and has moved away from its long-term average (100). This decrease in the climate mainly comes from the fall back in the balance of opinion on the evolution of the production over the last three months and from the sharp increase in that on the level of finished-good inventories.
- The balance of opinion on past production has fallen back, the one on the level of finished-good inventories has strongly increased
- The business climate has fallen back in the manufacturing of machinery and equipment good and in “other manufacturing”, while it has rebounded in the manufacturing of food products and beverages
- Revisions
- For further information
In June 2025, the business climate in manufacturing industry has deteriorated again. At 96, the synthetic indicator has lost one point and has moved away from its long-term average (100). This decrease in the climate mainly comes from the fall back in the balance of opinion on the evolution of the production over the last three months and from the sharp increase in that on the level of finished-good inventories.
tableauBusiness climate in manufacturing - Composite indicator
| Business climate in manufacturing - Composite indicator | |
|---|---|
| 2025-06 | 95.9 |
| 2025-05 | 97.1 |
| 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 | 99.1 |
| 2023-10 | 99.0 |
| 2023-09 | 98.8 |
| 2023-08 | 96.8 |
| 2023-07 | 100.9 |
| 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 | 103.9 |
| 2022-09 | 102.6 |
| 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 | 94.7 |
| 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 | 99.3 |
| 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 | 103.5 |
| 2019-02 | 102.9 |
| 2019-01 | 103.3 |
| 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 | 112.2 |
| 2017-09 | 111.8 |
| 2017-08 | 110.1 |
| 2017-07 | 108.6 |
| 2017-06 | 109.1 |
| 2017-05 | 108.4 |
| 2017-04 | 108.3 |
| 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 | 103.7 |
| 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 | 100.8 |
| 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 | 107.4 |
| 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 | 86.9 |
| 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 | 65.7 |
| 2009-02 | 67.7 |
| 2009-01 | 72.0 |
| 2008-12 | 72.6 |
| 2008-11 | 79.2 |
| 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 | 110.6 |
| 2008-01 | 110.8 |
| 2007-12 | 112.8 |
| 2007-11 | 112.6 |
| 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 | 109.1 |
| 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.* | Mar-25 | Apr-25 | May-25 | Jun-25 |
|---|---|---|---|---|---|
| Business climate | 100 | 96 | 100 | 97 | 96 |
| Past production | 4 | -3 | 2 | 3 | -1 |
| Finished-goods inventory | 12 | 9 | 8 | 9 | 15 |
| Overall order books | -18 | -26 | -18 | -23 | -24 |
| Foreign order books | -14 | -21 | -17 | -16 | -17 |
| Past workforce size | -8 | -5 | -2 | -2 | -4 |
| Expected workforce size | -9 | -2 | -1 | -2 | -2 |
| Personal production prospects | 6 | 6 | 12 | 0 | -1 |
| General production prospects | -7 | -11 | -15 | -13 | -13 |
| Expected trend in selling prices | 4 | 5 | 7 | 6 | 6 |
| Economic uncertainty felt** | 29 | 24 | 29 | 31 | 28 |
- * 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 balance of opinion on past production has fallen back, the one on the level of finished-good inventories has strongly increased
In June 2025, the balance of opinion on past production has fallen back and has moved away from its long-term average. The one relating to personal production prospects has slightly decreased and has also moved away from its own. The balance of opinion associated with general production prospects in the industry remains stable, well below its average. As for the balance of opinion on economic uncertainty felt by business leaders, it has fallen back and returned just below its own.
The balance of opinion on the current level of finished-goods inventories has strongly increased and has moved back above its average. It stands at its highest level since October 2024.
The balances of opinion associated with the level of order books, both global and foreign, have lost one point each and have moved away from its long-term average.
The balance of opinion on the past evolution of workforce size has decreased and has moved closer to its average. The one relating to the expected evolution of workforce size is stable and remains above its own.
The balance of opinion relating to the expected trend in selling prices over the next three months is stable, slightly above its average.
The share of companies reporting being limited in their production by workforce shortage is stable, slightly above its average. The share of those reporting sourcing difficulties as a limiting factor to their production has fallen back and has returned just below its own. Overall, the proportion of companies declaring supply-side obstacles only is stable: at 24%, it remains above its long-term average; it has stabilized since August 2024 at the lowest levels observed since September 2017, excluding the COVID-19 pandemic. The share of companies reporting obstacles linked to demand only has slightly decreased again: at 25%, it is well below its long-term average.
tableauShare of companies declaring obstacles limiting their production*
| Manufacturing industry | Ave.** | Mar-25 | Apr-25 | May-25 | Jun-25 |
|---|---|---|---|---|---|
| Difficulties of supply and demand | 9 | 10 | 9 | 10 | 11 |
| Sourcing difficulties | 11 | 19 | 14 | 15 | 10 |
| Workforce shortage | 9 | 11 | 12 | 11 | 11 |
| Difficulties of supply only | 22 | 25 | 24 | 24 | 24 |
| Difficulties of demand only | 39 | 24 | 27 | 26 | 25 |
- * 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 fallen back in the manufacturing of machinery and equipment good and in “other manufacturing”, while it has rebounded in the manufacturing of food products and beverages
In June 2025, the business climate indicator in the manufacturing of food products and beverages has rebounded. At 97, it has returned to its April's level and has moved closer to its long-term average (100). This increase mainly comes from the rebound in the balance of opinion on past production and the ones on order books, both global and foreign. However, the balances of opinion on order books remain deteriorated.
In the manufacturing of machinery and equipment goods, the synthetic indicator of the business climate has lost one point but remains above its long-term average (100). This decline mainly comes from the fall back in the balances of opinion on order books, both global and foreign. The business climate indicator has slightly decreased in each of the three sub-sectors that form it.
In the manufacturing of transport equipment, the business climate indicator is stable, at its long-term average (100). It remains stable both in the sub-sector of motor vehicles, trailers and semi-trailers, below its average, and in “other transport equipment”, above its average. In the sub-sector of motor vehicles, trailers and semi-trailers, the balance of opinion on past production has decreased again, but the balances of opinion relating to order books and to personal production prospects have improved. In “other transport equipment”, the balance of opinion on the level of finished-good inventories has strongly increased, those relating to order books have improved.
Finally, the business climate indicator in “other manufacturing” has fallen back. At 93, the indicator has moved away from its long-term average (100). This decrease mainly comes from the degradation in the balances of opinion relating to foreign order books and, to a lesser extent, the one relating to past production. At the sub-sector level, the indicator of the business climate has declined in “textiles, clothing industries, leather and footwear industry”, “chemicals and chemical products”, and “rubber and plastic products”, while it has rebounded and returned above its average in “other manufacturing industries”.
tableauBusiness climates in a sector-based approach
| (C1) | (C3) | (C4) | (C5) | |
|---|---|---|---|---|
| 2025-06 | 97.0 | 100.6 | 100.3 | 93.1 |
| 2025-05 | 93.9 | 102.2 | 100.1 | 94.7 |
| 2025-04 | 97.3 | 99.3 | 104.8 | 94.2 |
| 2025-03 | 93.8 | 99.1 | 97.1 | 94.3 |
| 2025-02 | 97.2 | 96.0 | 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 | 94.3 |
| 2024-10 | 95.9 | 95.9 | 95.5 | 94.3 |
| 2024-09 | 94.9 | 98.4 | 110.2 | 94.1 |
| 2024-08 | 97.4 | 95.7 | 110.2 | 95.1 |
| 2024-07 | 92.0 | 97.2 | 100.2 | 94.3 |
| 2024-06 | 92.3 | 99.2 | 109.5 | 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 | 112.4 | 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 | 111.7 | 103.5 | 98.5 |
| 2023-02 | 101.8 | 110.0 | 104.2 | 96.6 |
| 2023-01 | 100.8 | 111.1 | 103.1 | 96.8 |
| 2022-12 | 99.6 | 112.3 | 102.3 | 96.1 |
| 2022-11 | 104.9 | 111.1 | 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 | 113.0 | 99.9 | 99.8 |
| 2022-07 | 107.4 | 112.6 | 105.2 | 101.8 |
| 2022-06 | 107.5 | 112.4 | 101.8 | 105.9 |
| 2022-05 | 107.2 | 112.0 | 101.4 | 105.0 |
| 2022-04 | 109.3 | 113.4 | 101.7 | 108.6 |
| 2022-03 | 109.9 | 112.0 | 99.6 | 107.8 |
| 2022-02 | 111.0 | 115.0 | 103.9 | 111.8 |
| 2022-01 | 112.3 | 115.9 | 104.5 | 111.0 |
| 2021-12 | 116.6 | 116.7 | 91.0 | 112.5 |
| 2021-11 | 116.1 | 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 | 115.5 | 89.8 | 110.9 |
| 2021-05 | 116.3 | 111.9 | 89.6 | 110.5 |
| 2021-04 | 105.8 | 112.9 | 88.5 | 107.2 |
| 2021-03 | 100.2 | 106.0 | 82.9 | 104.1 |
| 2021-02 | 94.7 | 105.1 | 88.8 | 101.6 |
| 2021-01 | 91.8 | 103.2 | 86.9 | 100.8 |
| 2020-12 | 89.3 | 95.2 | 88.7 | 101.9 |
| 2020-11 | 93.3 | 91.0 | 90.6 | 95.1 |
| 2020-10 | 94.5 | 93.0 | 91.3 | 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 | 84.5 | 79.5 | 81.1 |
| 2020-06 | 90.9 | 79.0 | 75.8 | 78.4 |
| 2020-05 | 91.5 | 76.6 | 74.6 | 73.6 |
| 2020-04 | 93.5 | 76.7 | 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 | 107.5 | 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 | 101.6 |
| 2019-02 | 108.5 | 104.3 | 99.5 | 101.3 |
| 2019-01 | 108.2 | 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 | 107.6 | 109.9 | 105.8 |
| 2018-05 | 108.2 | 110.9 | 108.4 | 107.7 |
| 2018-04 | 110.5 | 109.2 | 111.6 | 107.5 |
| 2018-03 | 109.3 | 109.3 | 111.2 | 109.7 |
| 2018-02 | 110.2 | 110.1 | 111.7 | 110.3 |
| 2018-01 | 111.3 | 111.5 | 112.2 | 111.4 |
| 2017-12 | 111.4 | 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 | 109.4 |
| 2017-08 | 109.0 | 106.2 | 108.9 | 108.4 |
| 2017-07 | 109.2 | 108.6 | 109.2 | 107.0 |
| 2017-06 | 111.8 | 108.3 | 104.9 | 108.7 |
| 2017-05 | 105.8 | 108.3 | 105.3 | 107.0 |
| 2017-04 | 105.7 | 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 | 101.4 |
| 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 | 102.7 | 99.7 | 107.8 | 99.6 |
| 2015-10 | 104.5 | 98.1 | 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 | 108.7 | 98.4 | 105.0 | 102.9 |
| 2015-06 | 105.2 | 97.1 | 105.4 | 101.0 |
| 2015-05 | 101.9 | 97.3 | 104.9 | 101.7 |
| 2015-04 | 104.9 | 96.7 | 107.1 | 100.7 |
| 2015-03 | 101.0 | 94.2 | 105.2 | 100.2 |
| 2015-02 | 99.7 | 94.9 | 100.5 | 100.3 |
| 2015-01 | 103.4 | 93.2 | 101.4 | 99.8 |
| 2014-12 | 99.4 | 91.9 | 99.4 | 100.3 |
| 2014-11 | 96.2 | 92.0 | 99.9 | 99.9 |
| 2014-10 | 95.7 | 92.5 | 97.0 | 98.6 |
| 2014-09 | 94.4 | 92.0 | 100.9 | 97.3 |
| 2014-08 | 95.8 | 93.4 | 97.6 | 100.7 |
| 2014-07 | 97.3 | 89.0 | 98.6 | 99.2 |
| 2014-06 | 95.7 | 91.6 | 97.7 | 98.6 |
| 2014-05 | 98.3 | 93.6 | 97.6 | 99.5 |
| 2014-04 | 96.0 | 92.8 | 102.5 | 100.3 |
| 2014-03 | 99.9 | 92.8 | 100.5 | 102.5 |
| 2014-02 | 99.3 | 93.7 | 98.0 | 98.4 |
| 2014-01 | 99.5 | 91.0 | 101.9 | 98.7 |
| 2013-12 | 98.3 | 91.8 | 99.4 | 99.2 |
| 2013-11 | 98.3 | 92.1 | 102.1 | 98.8 |
| 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 | 89.0 | 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 | 88.7 | 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 | 87.1 | 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 | 96.0 | 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 | 98.2 |
| 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 | 105.4 |
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** (%) | Apr-25 | May-25 | Jun-25 |
|---|---|---|---|---|
| (C1) Man. of food products and beverages | 20 | 97 | 94 | 97 |
| (C3) Machinery and equipment goods | 11 | 99 | 102 | 101 |
| [CI] Computer, electronic and optical products | 4 | 109 | 111 | 109 |
| [CJ] Electrical equipment | 3 | 99 | 99 | 98 |
| [CK] Machinery and equipment | 5 | 94 | 97 | 96 |
| (C4) Man. of transport equipment | 19 | 105 | 100 | 100 |
| [CL1] Motor vehicles, trailers and semi-trailers | 9 | 98 | 96 | 96 |
| [CL2] Other transport equipment | 10 | 106 | 104 | 104 |
| (C5) Other manufacturing | 45 | 94 | 95 | 93 |
| [CB] Textiles, clothing industries, leather and footwear industry | 2 | 101 | 99 | 84 |
| [CC] Wood, paper, printing | 4 | 94 | 97 | 97 |
| [CE] Chemicals and chemical products | 8 | 91 | 92 | 91 |
| [CG] Rubber and plastic products | 7 | 91 | 91 | 89 |
| [CH] Basic metals and fabricated metal products | 11 | 90 | 91 | 91 |
| [CM] Other manufacturing industries / Manufacture of other industrial products | 10 | 107 | 99 | 102 |
- * 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 May 2025 has not been revised (after rounding).
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 26 May 2025 and 17 June 2025; most companies answer during the first two weeks of collection.
Next issue: 24 July 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 26 May 2025 and 17 June 2025; most companies answer during the first two weeks of collection.
Next issue: 24 July 2025 at 8:45 am.