Informations Rapides ·
23 October 2025 · n° 262
In October 2025, the business climate in manufacturing industry has strongly rebounded,
driven by other transport equipment Monthly business survey (goods-producing industries) - October 2025
In October 2025, the business climate in manufacturing industry has strongly rebounded, mainly in the manufacturing of other transport equipment. At 101, the synthetic indicator has gained four points and has slightly exceeded its long-term average (100). The balance of opinion relating to personal production prospects has increased again sharply, and the ones on the level of order books have rebounded. The business climate in the manufacturing of other transport equipment has increased by 15 points.
In October 2025, the business climate in manufacturing industry has strongly rebounded, mainly in the manufacturing of other transport equipment. At 101, the synthetic indicator has gained four points and has slightly exceeded its long-term average (100). The balance of opinion relating to personal production prospects has increased again sharply, and the ones on the level of order books have rebounded. The business climate in the manufacturing of other transport equipment has increased by 15 points.
tableauBusiness climate in manufacturing - Composite indicator
| Business climate in manufacturing - Composite indicator | |
|---|---|
| 2025-10 | 100.7 |
| 2025-09 | 96.7 |
| 2025-08 | 97.1 |
| 2025-07 | 96.1 |
| 2025-06 | 96.5 |
| 2025-05 | 97.2 |
| 2025-04 | 100.0 |
| 2025-03 | 96.7 |
| 2025-02 | 97.4 |
| 2025-01 | 96.0 |
| 2024-12 | 96.6 |
| 2024-11 | 96.2 |
| 2024-10 | 92.6 |
| 2024-09 | 98.3 |
| 2024-08 | 99.4 |
| 2024-07 | 96.2 |
| 2024-06 | 99.4 |
| 2024-05 | 99.8 |
| 2024-04 | 100.4 |
| 2024-03 | 102.8 |
| 2024-02 | 101.2 |
| 2024-01 | 99.6 |
| 2023-12 | 99.0 |
| 2023-11 | 98.7 |
| 2023-10 | 98.8 |
| 2023-09 | 97.9 |
| 2023-08 | 97.0 |
| 2023-07 | 101.5 |
| 2023-06 | 100.8 |
| 2023-05 | 99.5 |
| 2023-04 | 101.1 |
| 2023-03 | 103.6 |
| 2023-02 | 103.6 |
| 2023-01 | 102.9 |
| 2022-12 | 101.1 |
| 2022-11 | 101.4 |
| 2022-10 | 103.3 |
| 2022-09 | 101.6 |
| 2022-08 | 103.6 |
| 2022-07 | 106.1 |
| 2022-06 | 108.2 |
| 2022-05 | 107.5 |
| 2022-04 | 108.4 |
| 2022-03 | 107.8 |
| 2022-02 | 111.7 |
| 2022-01 | 113.1 |
| 2021-12 | 108.7 |
| 2021-11 | 110.0 |
| 2021-10 | 107.4 |
| 2021-09 | 106.5 |
| 2021-08 | 109.2 |
| 2021-07 | 109.5 |
| 2021-06 | 107.8 |
| 2021-05 | 107.8 |
| 2021-04 | 103.7 |
| 2021-03 | 98.3 |
| 2021-02 | 97.0 |
| 2021-01 | 96.1 |
| 2020-12 | 94.0 |
| 2020-11 | 91.4 |
| 2020-10 | 93.5 |
| 2020-09 | 93.4 |
| 2020-08 | 90.7 |
| 2020-07 | 81.1 |
| 2020-06 | 77.1 |
| 2020-05 | 70.7 |
| 2020-04 | 66.8 |
| 2020-03 | 97.7 |
| 2020-02 | 100.7 |
| 2020-01 | 103.0 |
| 2019-12 | 99.1 |
| 2019-11 | 102.4 |
| 2019-10 | 99.7 |
| 2019-09 | 101.9 |
| 2019-08 | 102.2 |
| 2019-07 | 101.1 |
| 2019-06 | 102.1 |
| 2019-05 | 104.3 |
| 2019-04 | 101.7 |
| 2019-03 | 103.8 |
| 2019-02 | 103.1 |
| 2019-01 | 103.6 |
| 2018-12 | 103.6 |
| 2018-11 | 105.2 |
| 2018-10 | 104.4 |
| 2018-09 | 107.4 |
| 2018-08 | 108.8 |
| 2018-07 | 108.7 |
| 2018-06 | 109.9 |
| 2018-05 | 110.4 |
| 2018-04 | 111.2 |
| 2018-03 | 111.0 |
| 2018-02 | 112.7 |
| 2018-01 | 114.1 |
| 2017-12 | 112.2 |
| 2017-11 | 111.8 |
| 2017-10 | 111.6 |
| 2017-09 | 111.3 |
| 2017-08 | 110.2 |
| 2017-07 | 108.8 |
| 2017-06 | 109.3 |
| 2017-05 | 108.8 |
| 2017-04 | 108.9 |
| 2017-03 | 105.6 |
| 2017-02 | 106.8 |
| 2017-01 | 106.1 |
| 2016-12 | 105.8 |
| 2016-11 | 102.2 |
| 2016-10 | 102.3 |
| 2016-09 | 103.5 |
| 2016-08 | 101.6 |
| 2016-07 | 101.8 |
| 2016-06 | 101.7 |
| 2016-05 | 104.3 |
| 2016-04 | 104.9 |
| 2016-03 | 102.8 |
| 2016-02 | 103.2 |
| 2016-01 | 103.1 |
| 2015-12 | 102.8 |
| 2015-11 | 102.3 |
| 2015-10 | 103.2 |
| 2015-09 | 104.7 |
| 2015-08 | 103.7 |
| 2015-07 | 101.5 |
| 2015-06 | 100.2 |
| 2015-05 | 101.6 |
| 2015-04 | 101.5 |
| 2015-03 | 99.1 |
| 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 | 96.2 |
| 2014-05 | 98.1 |
| 2014-04 | 100.3 |
| 2014-03 | 100.7 |
| 2014-02 | 98.2 |
| 2014-01 | 99.6 |
| 2013-12 | 99.1 |
| 2013-11 | 97.9 |
| 2013-10 | 97.7 |
| 2013-09 | 95.8 |
| 2013-08 | 98.3 |
| 2013-07 | 94.6 |
| 2013-06 | 92.5 |
| 2013-05 | 91.8 |
| 2013-04 | 87.2 |
| 2013-03 | 90.3 |
| 2013-02 | 90.3 |
| 2013-01 | 89.7 |
| 2012-12 | 90.6 |
| 2012-11 | 91.5 |
| 2012-10 | 86.8 |
| 2012-09 | 92.7 |
| 2012-08 | 92.7 |
| 2012-07 | 91.0 |
| 2012-06 | 93.0 |
| 2012-05 | 94.7 |
| 2012-04 | 95.5 |
| 2012-03 | 96.5 |
| 2012-02 | 94.9 |
| 2012-01 | 94.7 |
| 2011-12 | 94.6 |
| 2011-11 | 97.6 |
| 2011-10 | 97.4 |
| 2011-09 | 99.1 |
| 2011-08 | 101.3 |
| 2011-07 | 104.9 |
| 2011-06 | 109.8 |
| 2011-05 | 107.3 |
| 2011-04 | 110.2 |
| 2011-03 | 110.2 |
| 2011-02 | 106.6 |
| 2011-01 | 108.6 |
| 2010-12 | 104.0 |
| 2010-11 | 101.5 |
| 2010-10 | 103.7 |
| 2010-09 | 102.6 |
| 2010-08 | 99.8 |
| 2010-07 | 96.7 |
| 2010-06 | 95.0 |
| 2010-05 | 95.7 |
| 2010-04 | 94.1 |
| 2010-03 | 90.3 |
| 2010-02 | 87.7 |
| 2010-01 | 89.2 |
| 2009-12 | 86.3 |
| 2009-11 | 86.4 |
| 2009-10 | 84.2 |
| 2009-09 | 82.9 |
| 2009-08 | 79.9 |
| 2009-07 | 75.5 |
| 2009-06 | 73.8 |
| 2009-05 | 71.5 |
| 2009-04 | 70.0 |
| 2009-03 | 65.8 |
| 2009-02 | 68.0 |
| 2009-01 | 72.2 |
| 2008-12 | 72.5 |
| 2008-11 | 79.3 |
| 2008-10 | 86.9 |
| 2008-09 | 91.6 |
| 2008-08 | 98.2 |
| 2008-07 | 98.8 |
| 2008-06 | 103.6 |
| 2008-05 | 104.3 |
| 2008-04 | 107.6 |
| 2008-03 | 110.3 |
| 2008-02 | 110.7 |
| 2008-01 | 110.8 |
| 2007-12 | 112.8 |
| 2007-11 | 112.7 |
| 2007-10 | 110.3 |
| 2007-09 | 111.0 |
| 2007-08 | 111.4 |
| 2007-07 | 112.0 |
| 2007-06 | 111.7 |
| 2007-05 | 110.5 |
| 2007-04 | 112.3 |
| 2007-03 | 111.8 |
| 2007-02 | 112.1 |
| 2007-01 | 108.5 |
| 2006-12 | 109.4 |
| 2006-11 | 109.9 |
| 2006-10 | 107.4 |
| 2006-09 | 108.4 |
| 2006-08 | 108.9 |
| 2006-07 | 109.3 |
| 2006-06 | 108.9 |
| 2006-05 | 109.2 |
| 2006-04 | 108.1 |
| 2006-03 | 106.6 |
| 2006-02 | 106.8 |
| 2006-01 | 103.2 |
| 2005-12 | 104.1 |
| 2005-11 | 101.0 |
| 2005-10 | 101.1 |
| 2005-09 | 98.8 |
| 2005-08 | 99.5 |
| 2005-07 | 100.0 |
| 2005-06 | 98.9 |
| 2005-05 | 96.8 |
| 2005-04 | 96.5 |
| 2005-03 | 99.4 |
| 2005-02 | 102.9 |
| 2005-01 | 103.2 |
graphiqueBusiness climate in manufacturing - Composite indicator
- Source: INSEE.
tableauIndustrialists’ opinion on manufacturing industry
| Manufacturing industry | Ave.* | Jul-25 | Aug-25 | Sep-25 | Oct-25 |
|---|---|---|---|---|---|
| Business climate | 100 | 96 | 97 | 97 | 101 |
| Past production | 4 | -2 | -1 | -7 | -13 |
| Finished-goods inventory | 12 | 16 | 11 | 16 | 18 |
| Overall order books | -18 | -20 | -20 | -22 | -16 |
| Foreign order books | -14 | -18 | -15 | -16 | -5 |
| Past workforce size | -8 | -2 | -2 | -4 | -4 |
| Expected workforce size | -9 | -3 | -2 | -1 | 0 |
| Personal production prospects | 6 | -4 | -4 | 8 | 18 |
| General production prospects | -7 | -12 | -12 | -13 | -11 |
| Expected trend in selling prices | 4 | 5 | 3 | 2 | 4 |
| Economic uncertainty felt** | 29 | 31 | 27 | 31 | 31 |
- * 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 relating to order books have rebounded
In October 2025, the balances of opinion associated with the level of order books, both global and foreign, have rebounded. The one associated with global order books has moved back just above its average, while the one relating to foreign order books has moved back markedly above its own. Both have reached unobserved levels since March 2024.
The balance of opinion relating to personal production prospects has sharply increased again, it has deviated from its long-term average and reached its highest level since February 2022. The one associated with general production prospects in the industry has also increased but remains below its average. Conversely, the balance on past production has decreased again and has moved away from its average, reaching its lowest level since October 2024. As for the balance of opinion on economic uncertainty felt by business leaders, it is stable, slightly above its average.
The balance of opinion on the current level of finished-goods inventories has increased again and has deviated from its average. It stands at its highest level since August 2023.
The balances of opinion relating to the evolution of workforce size, both past and expected, are almost stable. Both are above their average.
The balance of opinion relating to the expected trend in selling prices over the next three months has rebounded and has gone back to its average.
The share of companies reporting being limited in their production by workforce shortage has rebounded and has moved away from its average. The share of those reporting sourcing difficulties as a limiting factor to their production has also increased and gone back above its own. The proportion of companies declaring supply-side obstacles only is stable (24%), above its average, while the proportion of companies reporting both supply and demand-side obstacles has increased (12%), moving back above its own. Finally, the share of companies reporting obstacles linked to demand only has fallen back: at 26%, it remains well below its long-term average.
tableauShare of companies declaring obstacles limiting their production*
| Manufacturing industry | Ave.** | Jul-25 | Aug-25 | Sep-25 | Oct-25 |
|---|---|---|---|---|---|
| Difficulties of supply and demand | 9 | 11 | 12 | 8 | 12 |
| Sourcing difficulties | 11 | 13 | 10 | 10 | 18 |
| Workforce shortage | 9 | 9 | 12 | 10 | 14 |
| Difficulties of supply only | 22 | 22 | 20 | 24 | 24 |
| Difficulties of demand only | 39 | 26 | 24 | 28 | 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 strongly rebounded in the manufacturing of transport equipment
In October 2025, the business climate indicator in the manufacturing of food products and beverages has fallen back sharply. At 91, it has moved away from its long-term average (100) and reached its lowest level since May 2024. This decline mainly comes from the fallback in the balance of opinion on global order books.
In the manufacturing of machinery and equipment goods, the synthetic indicator of the business climate has increased again. At 104, it has deviated from its long-term average (100). The balances of opinion relating to personal production prospects and to order books have increased and mainly account for this rebound.
In the manufacturing of transport equipment, the business climate indicator has rebounded strongly. At 110, it has returned above its long-term average (100) and reached its highest level since August 2024. It has rebounded in the sector of motor vehicles, trailers and semi-trailers, where it remains nevertheless below its average, and even more so in “other transport equipment”, where it has markedly moved away from its own (highest level since August 2024). For both sub-sectors, balances of opinion on order books have mainly contributed to this rebound. In the sector of motor vehicles, trailers and semi-trailers, personal production prospects have also improved, but past production has strongly decreased.
Finally, the business climate indicator in “other manufacturing” has slightly brightened. At 96, the indicator remains below its long-term average (100). This increase mainly comes from the rebound in the balance of opinion on past production, which remains nevertheless well below its average, and from the further increase in the one relating to personal production prospects, which has moved back above its own.
tableauBusiness climates in a sector-based approach
| (C1) | (C3) | (C4) | (C5) | |
|---|---|---|---|---|
| 2025-10 | 90.9 | 104.5 | 110.3 | 96.1 |
| 2025-09 | 97.4 | 101.8 | 99.2 | 95.1 |
| 2025-08 | 92.9 | 97.6 | 103.7 | 95.5 |
| 2025-07 | 98.1 | 99.2 | 100.8 | 94.3 |
| 2025-06 | 98.3 | 100.6 | 101.0 | 93.8 |
| 2025-05 | 94.3 | 101.7 | 100.4 | 95.1 |
| 2025-04 | 97.1 | 99.1 | 104.8 | 95.0 |
| 2025-03 | 95.7 | 98.7 | 97.2 | 95.2 |
| 2025-02 | 97.8 | 95.9 | 101.8 | 95.1 |
| 2025-01 | 96.7 | 95.1 | 98.9 | 94.6 |
| 2024-12 | 97.5 | 96.7 | 107.8 | 92.8 |
| 2024-11 | 96.5 | 97.0 | 100.7 | 93.5 |
| 2024-10 | 95.5 | 96.3 | 96.1 | 93.3 |
| 2024-09 | 94.7 | 98.1 | 109.8 | 93.3 |
| 2024-08 | 96.5 | 96.1 | 110.9 | 95.2 |
| 2024-07 | 92.0 | 97.5 | 101.3 | 94.7 |
| 2024-06 | 92.9 | 98.7 | 110.5 | 95.5 |
| 2024-05 | 90.5 | 98.9 | 109.6 | 97.3 |
| 2024-04 | 91.8 | 96.7 | 111.6 | 96.1 |
| 2024-03 | 91.3 | 102.1 | 113.0 | 96.9 |
| 2024-02 | 87.3 | 98.3 | 111.6 | 96.8 |
| 2024-01 | 86.6 | 99.9 | 112.8 | 94.3 |
| 2023-12 | 85.8 | 98.7 | 109.3 | 94.9 |
| 2023-11 | 85.3 | 104.0 | 110.0 | 93.8 |
| 2023-10 | 84.6 | 101.6 | 112.6 | 93.9 |
| 2023-09 | 87.6 | 104.5 | 102.4 | 95.2 |
| 2023-08 | 87.2 | 102.6 | 103.2 | 95.3 |
| 2023-07 | 91.6 | 106.7 | 112.9 | 95.1 |
| 2023-06 | 87.7 | 105.3 | 105.7 | 95.0 |
| 2023-05 | 92.6 | 106.0 | 103.9 | 95.6 |
| 2023-04 | 93.5 | 109.6 | 103.5 | 98.2 |
| 2023-03 | 98.4 | 111.6 | 103.8 | 99.3 |
| 2023-02 | 102.1 | 109.8 | 104.6 | 96.8 |
| 2023-01 | 100.8 | 112.1 | 103.3 | 96.6 |
| 2022-12 | 100.1 | 112.1 | 99.6 | 95.6 |
| 2022-11 | 104.2 | 111.3 | 102.3 | 95.4 |
| 2022-10 | 108.8 | 114.4 | 104.5 | 96.2 |
| 2022-09 | 107.0 | 111.6 | 98.2 | 98.2 |
| 2022-08 | 107.1 | 113.4 | 99.8 | 100.0 |
| 2022-07 | 107.1 | 112.9 | 105.9 | 102.3 |
| 2022-06 | 108.4 | 112.2 | 102.2 | 106.2 |
| 2022-05 | 107.2 | 111.9 | 101.7 | 105.7 |
| 2022-04 | 108.9 | 113.3 | 102.2 | 109.4 |
| 2022-03 | 110.8 | 112.2 | 100.1 | 108.5 |
| 2022-02 | 111.0 | 114.8 | 105.0 | 112.0 |
| 2022-01 | 112.5 | 116.7 | 104.9 | 110.9 |
| 2021-12 | 117.6 | 116.4 | 88.3 | 112.0 |
| 2021-11 | 115.3 | 116.9 | 96.1 | 113.6 |
| 2021-10 | 113.9 | 116.2 | 89.9 | 111.2 |
| 2021-09 | 109.4 | 116.3 | 87.8 | 112.9 |
| 2021-08 | 111.1 | 120.0 | 91.8 | 113.6 |
| 2021-07 | 114.1 | 115.0 | 92.0 | 115.4 |
| 2021-06 | 117.7 | 115.1 | 90.2 | 111.2 |
| 2021-05 | 116.3 | 111.9 | 89.9 | 111.2 |
| 2021-04 | 105.5 | 112.7 | 88.8 | 107.9 |
| 2021-03 | 100.9 | 106.2 | 83.3 | 104.5 |
| 2021-02 | 94.5 | 104.9 | 89.9 | 101.6 |
| 2021-01 | 91.8 | 103.6 | 87.5 | 100.6 |
| 2020-12 | 90.6 | 94.7 | 86.6 | 101.5 |
| 2020-11 | 92.8 | 91.0 | 89.2 | 94.6 |
| 2020-10 | 94.9 | 92.9 | 90.7 | 94.9 |
| 2020-09 | 102.4 | 90.1 | 91.0 | 92.5 |
| 2020-08 | 96.4 | 89.7 | 90.1 | 88.0 |
| 2020-07 | 88.1 | 84.6 | 79.3 | 81.4 |
| 2020-06 | 91.8 | 78.5 | 76.1 | 78.5 |
| 2020-05 | 91.6 | 76.8 | 75.5 | 74.2 |
| 2020-04 | 93.2 | 76.5 | 73.5 | 73.0 |
| 2020-03 | 108.6 | 98.3 | 95.6 | 97.5 |
| 2020-02 | 107.9 | 98.8 | 100.8 | 100.3 |
| 2020-01 | 108.4 | 100.1 | 106.7 | 99.3 |
| 2019-12 | 109.0 | 96.8 | 99.5 | 97.7 |
| 2019-11 | 104.4 | 98.2 | 106.6 | 100.9 |
| 2019-10 | 106.4 | 96.2 | 100.6 | 99.2 |
| 2019-09 | 108.2 | 99.9 | 101.5 | 101.7 |
| 2019-08 | 108.4 | 99.3 | 101.3 | 102.2 |
| 2019-07 | 103.0 | 102.8 | 99.3 | 100.8 |
| 2019-06 | 109.5 | 98.2 | 100.8 | 101.1 |
| 2019-05 | 111.1 | 104.3 | 102.7 | 102.9 |
| 2019-04 | 106.9 | 101.0 | 101.8 | 101.2 |
| 2019-03 | 108.0 | 100.5 | 103.1 | 101.8 |
| 2019-02 | 108.1 | 104.3 | 100.4 | 101.3 |
| 2019-01 | 108.2 | 102.8 | 102.6 | 102.1 |
| 2018-12 | 109.0 | 102.3 | 101.9 | 102.4 |
| 2018-11 | 108.8 | 102.2 | 104.0 | 102.7 |
| 2018-10 | 103.2 | 106.6 | 103.2 | 103.0 |
| 2018-09 | 107.7 | 107.9 | 104.7 | 105.3 |
| 2018-08 | 107.6 | 107.4 | 106.0 | 106.3 |
| 2018-07 | 107.6 | 107.8 | 106.0 | 107.1 |
| 2018-06 | 110.1 | 106.9 | 110.2 | 106.1 |
| 2018-05 | 108.3 | 111.2 | 109.0 | 108.4 |
| 2018-04 | 110.0 | 109.3 | 113.6 | 108.2 |
| 2018-03 | 109.3 | 109.5 | 112.3 | 109.8 |
| 2018-02 | 109.9 | 110.2 | 112.6 | 110.3 |
| 2018-01 | 111.2 | 111.8 | 112.7 | 111.3 |
| 2017-12 | 112.0 | 110.9 | 110.3 | 110.9 |
| 2017-11 | 112.1 | 109.9 | 109.1 | 111.1 |
| 2017-10 | 112.5 | 109.3 | 108.0 | 110.8 |
| 2017-09 | 106.9 | 107.8 | 109.6 | 109.0 |
| 2017-08 | 108.6 | 106.1 | 108.3 | 108.8 |
| 2017-07 | 109.6 | 108.4 | 108.4 | 107.6 |
| 2017-06 | 112.2 | 107.8 | 104.9 | 109.0 |
| 2017-05 | 105.9 | 108.6 | 105.4 | 107.5 |
| 2017-04 | 105.4 | 106.6 | 105.8 | 108.4 |
| 2017-03 | 104.3 | 104.2 | 105.3 | 105.0 |
| 2017-02 | 105.5 | 103.5 | 106.1 | 106.4 |
| 2017-01 | 103.8 | 101.9 | 106.3 | 105.7 |
| 2016-12 | 108.8 | 103.2 | 104.5 | 105.1 |
| 2016-11 | 108.2 | 99.5 | 101.7 | 101.6 |
| 2016-10 | 106.9 | 97.3 | 105.8 | 101.3 |
| 2016-09 | 109.5 | 98.5 | 105.2 | 100.6 |
| 2016-08 | 99.6 | 98.3 | 104.1 | 101.5 |
| 2016-07 | 104.8 | 97.5 | 105.4 | 101.8 |
| 2016-06 | 103.4 | 97.2 | 106.0 | 101.6 |
| 2016-05 | 103.6 | 97.1 | 105.7 | 104.0 |
| 2016-04 | 106.3 | 100.0 | 109.2 | 101.4 |
| 2016-03 | 101.8 | 99.2 | 105.8 | 101.3 |
| 2016-02 | 100.4 | 100.9 | 109.3 | 100.0 |
| 2016-01 | 101.8 | 100.7 | 108.2 | 99.6 |
| 2015-12 | 100.2 | 98.1 | 108.1 | 101.8 |
| 2015-11 | 102.7 | 99.7 | 107.7 | 99.6 |
| 2015-10 | 104.6 | 98.1 | 108.3 | 99.9 |
| 2015-09 | 105.8 | 96.0 | 109.4 | 102.7 |
| 2015-08 | 103.4 | 97.2 | 108.7 | 101.6 |
| 2015-07 | 108.7 | 98.4 | 104.9 | 103.0 |
| 2015-06 | 105.3 | 97.1 | 105.3 | 101.0 |
| 2015-05 | 101.9 | 97.2 | 104.8 | 101.7 |
| 2015-04 | 105.0 | 96.7 | 107.0 | 100.7 |
| 2015-03 | 101.1 | 94.2 | 105.2 | 100.2 |
| 2015-02 | 99.7 | 94.9 | 100.3 | 100.3 |
| 2015-01 | 103.4 | 93.2 | 101.2 | 99.9 |
| 2014-12 | 99.5 | 91.9 | 99.3 | 100.3 |
| 2014-11 | 96.2 | 91.9 | 99.8 | 99.9 |
| 2014-10 | 95.8 | 92.5 | 96.9 | 98.6 |
| 2014-09 | 94.5 | 92.0 | 101.1 | 97.3 |
| 2014-08 | 95.9 | 93.3 | 97.5 | 100.7 |
| 2014-07 | 97.4 | 88.9 | 98.2 | 99.2 |
| 2014-06 | 95.7 | 91.6 | 97.3 | 98.6 |
| 2014-05 | 98.4 | 93.6 | 97.2 | 99.6 |
| 2014-04 | 96.1 | 92.8 | 102.3 | 100.3 |
| 2014-03 | 99.9 | 92.7 | 100.4 | 102.6 |
| 2014-02 | 99.4 | 93.7 | 97.9 | 98.4 |
| 2014-01 | 99.5 | 90.9 | 101.5 | 98.7 |
| 2013-12 | 98.3 | 91.8 | 99.1 | 99.2 |
| 2013-11 | 98.3 | 92.0 | 102.1 | 98.8 |
| 2013-10 | 95.6 | 90.0 | 103.4 | 97.7 |
| 2013-09 | 95.1 | 89.8 | 97.1 | 97.2 |
| 2013-08 | 95.6 | 91.3 | 100.9 | 97.1 |
| 2013-07 | 92.6 | 89.4 | 98.4 | 94.9 |
| 2013-06 | 92.8 | 89.0 | 94.3 | 93.2 |
| 2013-05 | 91.5 | 89.1 | 94.7 | 91.8 |
| 2013-04 | 91.7 | 89.3 | 92.5 | 89.1 |
| 2013-03 | 94.0 | 88.7 | 93.2 | 91.2 |
| 2013-02 | 98.1 | 88.7 | 94.4 | 90.1 |
| 2013-01 | 97.7 | 87.8 | 93.1 | 91.2 |
| 2012-12 | 98.9 | 87.3 | 92.2 | 91.8 |
| 2012-11 | 98.3 | 87.1 | 92.8 | 92.2 |
| 2012-10 | 91.0 | 86.0 | 96.2 | 89.3 |
| 2012-09 | 96.9 | 90.9 | 98.0 | 93.6 |
| 2012-08 | 93.9 | 90.1 | 95.2 | 93.5 |
| 2012-07 | 94.7 | 90.8 | 95.7 | 92.2 |
| 2012-06 | 95.1 | 90.8 | 95.6 | 93.7 |
| 2012-05 | 93.4 | 94.9 | 95.1 | 95.9 |
| 2012-04 | 99.3 | 95.6 | 94.5 | 97.8 |
| 2012-03 | 102.8 | 96.4 | 103.4 | 97.2 |
| 2012-02 | 100.7 | 96.1 | 93.5 | 96.0 |
| 2012-01 | 100.0 | 96.2 | 94.5 | 94.1 |
| 2011-12 | 98.7 | 96.0 | 99.9 | 94.6 |
| 2011-11 | 102.3 | 96.0 | 102.8 | 94.2 |
| 2011-10 | 104.6 | 98.3 | 100.2 | 96.5 |
| 2011-09 | 102.1 | 99.5 | 98.2 | 98.2 |
| 2011-08 | 103.8 | 100.3 | 101.7 | 100.5 |
| 2011-07 | 111.8 | 102.4 | 103.4 | 105.1 |
| 2011-06 | 108.8 | 104.1 | 109.3 | 109.1 |
| 2011-05 | 110.1 | 103.1 | 104.9 | 107.9 |
| 2011-04 | 109.3 | 104.5 | 105.8 | 110.3 |
| 2011-03 | 106.9 | 106.4 | 106.1 | 110.0 |
| 2011-02 | 107.5 | 101.6 | 98.3 | 108.7 |
| 2011-01 | 109.2 | 103.8 | 104.8 | 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** (%) | Aug-25 | Sep-25 | Oct-25 |
|---|---|---|---|---|
| (C1) Man. of food products and beverages | 20 | 93 | 97 | 91 |
| (C3) Machinery and equipment goods | 11 | 98 | 102 | 104 |
| [CI] Computer, electronic and optical products | 4 | 105 | 110 | 109 |
| [CJ] Electrical equipment | 3 | 97 | 100 | 107 |
| [CK] Machinery and equipment | 5 | 93 | 95 | 98 |
| (C4) Man. of transport equipment | 19 | 104 | 99 | 110 |
| [CL1] Motor vehicles, trailers and semi-trailers | 9 | 99 | 95 | 98 |
| [CL2] Other transport equipment | 10 | 105 | 102 | 117 |
| (C5) Other manufacturing | 45 | 95 | 95 | 96 |
| [CB] Textiles, clothing industries, leather and footwear industry | 2 | 102 | 100 | 93 |
| [CC] Wood, paper, printing | 4 | 95 | 95 | 96 |
| [CE] Chemicals and chemical products | 8 | 92 | 91 | 94 |
| [CG] Rubber and plastic products | 7 | 92 | 94 | 93 |
| [CH] Basic metals and fabricated metal products | 11 | 95 | 92 | 94 |
| [CM] Other manufacturing industries / Manufacture of other industrial products | 10 | 102 | 102 | 105 |
- * 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 September 2025 has been revised upwards by one point (after rounding). This revision is mainly due to the inclusion of late responses from companies.
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 September 2025 and 20 October 2025; most companies answer during the first two weeks of collection.
Next issue: 21 November 2025 at 8:45 am.
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 September 2025 and 20 October 2025; most companies answer during the first two weeks of collection.
Next issue: 21 November 2025 at 8:45 am.