Informations Rapides ·
23 January 2026 · n° 16
In January 2026, the business climate has clearly darkened in retail trade and in
trade and repair of motor vehicles Monthly survey of retailing - January 2026
In January 2026, the business climate has clearly retreated in the whole sector comprising retail trade and trade and repair of motor vehicles. At 99, the synthetic indicator has lost five points and has come back just below its long-term average (100). It has erased almost all of the sharp increase observed last month. This downturn results from the decrease in balances on ordering intentions, particularly in retail trade (excluding motor vehicles).
In January 2026, the business climate has clearly retreated in the whole sector comprising retail trade and trade and repair of motor vehicles. At 99, the synthetic indicator has lost five points and has come back just below its long-term average (100). It has erased almost all of the sharp increase observed last month. This downturn results from the decrease in balances on ordering intentions, particularly in retail trade (excluding motor vehicles).
tableauComposite indicator
| Business climate synthetic indicator | |
|---|---|
| 2026-01 | 99.3 |
| 2025-12 | 104.2 |
| 2025-11 | 96.5 |
| 2025-10 | 98.7 |
| 2025-09 | 91.9 |
| 2025-08 | 92.7 |
| 2025-07 | 98.6 |
| 2025-06 | 99.4 |
| 2025-05 | 98.1 |
| 2025-04 | 97.8 |
| 2025-03 | 101.8 |
| 2025-02 | 98.5 |
| 2025-01 | 97.7 |
| 2024-12 | 99.5 |
| 2024-11 | 98.9 |
| 2024-10 | 99.4 |
| 2024-09 | 98.4 |
| 2024-08 | 98.2 |
| 2024-07 | 93.7 |
| 2024-06 | 100.5 |
| 2024-05 | 101.2 |
| 2024-04 | 103.4 |
| 2024-03 | 102.1 |
| 2024-02 | 101.8 |
| 2024-01 | 105.6 |
| 2023-12 | 99.9 |
| 2023-11 | 97.2 |
| 2023-10 | 97.8 |
| 2023-09 | 102.2 |
| 2023-08 | 103.3 |
| 2023-07 | 103.6 |
| 2023-06 | 100.5 |
| 2023-05 | 97.2 |
| 2023-04 | 101.6 |
| 2023-03 | 97.1 |
| 2023-02 | 101.9 |
| 2023-01 | 100.6 |
| 2022-12 | 101.3 |
| 2022-11 | 96.3 |
| 2022-10 | 99.2 |
| 2022-09 | 94.8 |
| 2022-08 | 99.1 |
| 2022-07 | 96.6 |
| 2022-06 | 94.5 |
| 2022-05 | 95.8 |
| 2022-04 | 91.7 |
| 2022-03 | 102.8 |
| 2022-02 | 109.1 |
| 2022-01 | 108.1 |
| 2021-12 | 109.9 |
| 2021-11 | 110.4 |
| 2021-10 | 106.2 |
| 2021-09 | 109.0 |
| 2021-08 | 112.7 |
| 2021-07 | 115.6 |
| 2021-06 | 116.7 |
| 2021-05 | 109.4 |
| 2021-04 | 96.1 |
| 2021-03 | 100.5 |
| 2021-02 | 93.1 |
| 2021-01 | 96.6 |
| 2020-12 | 97.2 |
| 2020-11 | 71.1 |
| 2020-10 | 105.3 |
| 2020-09 | 102.5 |
| 2020-08 | 100.4 |
| 2020-07 | 95.5 |
| 2020-06 | 91.2 |
| 2020-05 | 60.3 |
| 2020-04 | 55.5 |
| 2020-03 | 97.5 |
| 2020-02 | 111.2 |
| 2020-01 | 110.3 |
| 2019-12 | 111.5 |
| 2019-11 | 109.5 |
| 2019-10 | 107.2 |
| 2019-09 | 108.3 |
| 2019-08 | 100.8 |
| 2019-07 | 106.8 |
| 2019-06 | 104.4 |
| 2019-05 | 107.0 |
| 2019-04 | 111.7 |
| 2019-03 | 107.0 |
| 2019-02 | 104.5 |
| 2019-01 | 103.3 |
| 2018-12 | 101.7 |
| 2018-11 | 108.5 |
| 2018-10 | 107.6 |
| 2018-09 | 112.5 |
| 2018-08 | 118.4 |
| 2018-07 | 115.5 |
| 2018-06 | 115.6 |
| 2018-05 | 115.9 |
| 2018-04 | 115.6 |
| 2018-03 | 114.7 |
| 2018-02 | 117.9 |
| 2018-01 | 119.1 |
| 2017-12 | 117.6 |
| 2017-11 | 118.5 |
| 2017-10 | 119.6 |
| 2017-09 | 114.5 |
| 2017-08 | 111.3 |
| 2017-07 | 111.9 |
| 2017-06 | 110.9 |
| 2017-05 | 107.6 |
| 2017-04 | 106.5 |
| 2017-03 | 109.9 |
| 2017-02 | 110.1 |
| 2017-01 | 111.9 |
| 2016-12 | 110.4 |
| 2016-11 | 102.4 |
| 2016-10 | 101.8 |
| 2016-09 | 103.7 |
| 2016-08 | 105.9 |
| 2016-07 | 105.2 |
| 2016-06 | 106.0 |
| 2016-05 | 107.6 |
| 2016-04 | 103.0 |
| 2016-03 | 106.3 |
| 2016-02 | 103.4 |
| 2016-01 | 104.7 |
| 2015-12 | 103.4 |
| 2015-11 | 107.7 |
| 2015-10 | 110.9 |
| 2015-09 | 108.0 |
| 2015-08 | 109.5 |
| 2015-07 | 104.2 |
| 2015-06 | 107.4 |
| 2015-05 | 106.0 |
| 2015-04 | 106.8 |
| 2015-03 | 105.3 |
| 2015-02 | 105.9 |
| 2015-01 | 102.7 |
| 2014-12 | 95.4 |
| 2014-11 | 94.0 |
| 2014-10 | 90.0 |
| 2014-09 | 88.3 |
| 2014-08 | 90.4 |
| 2014-07 | 98.2 |
| 2014-06 | 94.9 |
| 2014-05 | 96.9 |
| 2014-04 | 97.5 |
| 2014-03 | 96.8 |
| 2014-02 | 95.3 |
| 2014-01 | 95.8 |
| 2013-12 | 93.8 |
| 2013-11 | 94.1 |
| 2013-10 | 95.5 |
| 2013-09 | 100.3 |
| 2013-08 | 94.2 |
| 2013-07 | 84.3 |
| 2013-06 | 86.2 |
| 2013-05 | 83.8 |
| 2013-04 | 85.6 |
| 2013-03 | 88.3 |
| 2013-02 | 91.7 |
| 2013-01 | 82.9 |
| 2012-12 | 88.9 |
| 2012-11 | 88.4 |
| 2012-10 | 87.0 |
| 2012-09 | 84.9 |
| 2012-08 | 92.4 |
| 2012-07 | 91.2 |
| 2012-06 | 94.2 |
| 2012-05 | 91.3 |
| 2012-04 | 95.8 |
| 2012-03 | 92.6 |
| 2012-02 | 91.7 |
| 2012-01 | 87.3 |
| 2011-12 | 93.0 |
| 2011-11 | 94.6 |
| 2011-10 | 94.6 |
| 2011-09 | 94.1 |
| 2011-08 | 98.1 |
| 2011-07 | 99.7 |
| 2011-06 | 100.7 |
| 2011-05 | 103.7 |
| 2011-04 | 103.7 |
| 2011-03 | 104.4 |
| 2011-02 | 108.2 |
| 2011-01 | 108.9 |
| 2010-12 | 109.7 |
| 2010-11 | 105.4 |
| 2010-10 | 110.3 |
| 2010-09 | 107.6 |
| 2010-08 | 108.4 |
| 2010-07 | 101.4 |
| 2010-06 | 103.6 |
| 2010-05 | 102.7 |
| 2010-04 | 105.1 |
| 2010-03 | 98.3 |
| 2010-02 | 99.7 |
| 2010-01 | 97.9 |
| 2009-12 | 97.1 |
| 2009-11 | 100.8 |
| 2009-10 | 95.7 |
| 2009-09 | 93.0 |
| 2009-08 | 90.0 |
| 2009-07 | 89.7 |
| 2009-06 | 80.3 |
| 2009-05 | 81.8 |
| 2009-04 | 73.8 |
| 2009-03 | 88.0 |
| 2009-02 | 76.2 |
| 2009-01 | 76.1 |
| 2008-12 | 73.5 |
| 2008-11 | 87.7 |
| 2008-10 | 78.5 |
| 2008-09 | 101.3 |
| 2008-08 | 92.3 |
| 2008-07 | 94.8 |
| 2008-06 | 100.9 |
| 2008-05 | 105.9 |
| 2008-04 | 103.8 |
| 2008-03 | 114.0 |
| 2008-02 | 111.0 |
| 2008-01 | 110.9 |
| 2007-12 | 117.1 |
| 2007-11 | 112.4 |
| 2007-10 | 112.5 |
| 2007-09 | 110.5 |
| 2007-08 | 116.0 |
| 2007-07 | 119.2 |
| 2007-06 | 123.1 |
| 2007-05 | 116.4 |
| 2007-04 | 115.3 |
| 2007-03 | 113.0 |
| 2007-02 | 115.7 |
| 2007-01 | 109.4 |
| 2006-12 | 110.0 |
| 2006-11 | 112.8 |
| 2006-10 | 111.9 |
| 2006-09 | 110.7 |
| 2006-08 | 110.4 |
| 2006-07 | 108.4 |
| 2006-06 | 108.5 |
| 2006-05 | 105.6 |
| 2006-04 | 105.0 |
| 2006-03 | 103.1 |
| 2006-02 | 104.8 |
| 2006-01 | 104.2 |
graphiqueComposite indicator
- Source: INSEE.
The balance of opinion on ordering intentions has clearly retreated
In January 2026, the balance of opinion related to ordering intentions has clearly fallen back and has moved just below its long-term average. The balance related to expected sales has clearly retreated as well and has moved away from its own. Conversely, the balance related to past sales has slightly rebounded and has moved closer to its average. The balance related to the general business outlook is stable, above its own.
The balance associated with the current level of stocks has fallen back and has moved closer to its average.
The balance of opinion on expected selling prices has decreased again and has reached its average level. The bimonthly balance related to past selling prices has increased again and has moved away from its own.
The bimonthly balance related to the cash position has slightly decreased again, moving further away from its average and reaching an unobserved level since November 2023.
The balance on expected workforce size has decreased and has moved away from its average; that on past workforce size is stable, well below its own.
Lastly, the balance on felt economic uncertainty is stable, below its long-term average.
tableauTendency in retail trade and in trade and repair of motor vehicles
| Ave. (1) | Oct. 25 | Nov. 25 | Dec. 25 | Jan. 26 | |
|---|---|---|---|---|---|
| Business climate | 100 | 99 | 97 | 104 | 99 |
| General business outlook | -27 | -30 | -28 | -24 | -24 |
| Recent sales | -9 | -17 | -9 | -15 | -12 |
| Expected sales | -4 | -12 | -10 | -5 | -10 |
| Ordering intentions | -9 | -9 | -13 | -4 | -10 |
| Stocks | 10 | 17 | 18 | 21 | 16 |
| Past selling prices (2) | -3 | - | 3 | - | 4 |
| Expected selling prices | 0 | 0 | 7 | 2 | 0 |
| Cash position (2) | -15 | - | -23 | - | -24 |
| Past workforce size | -1 | -10 | -8 | -10 | -10 |
| Expected workforce size | -4 | -14 | -9 | -9 | -11 |
| Economic uncertainty felt (3) | 36 | 37 | 35 | 34 | 34 |
- (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.
tableauRecent sales and ordering intentions
| Ordering intentions | Recent sales | |
|---|---|---|
| 2026-01 | -10.4 | -12.5 |
| 2025-12 | -3.9 | -15.1 |
| 2025-11 | -13.5 | -9.2 |
| 2025-10 | -9.3 | -17.1 |
| 2025-09 | -16.9 | -14.7 |
| 2025-08 | -18.2 | -4.7 |
| 2025-07 | -11.1 | -16.5 |
| 2025-06 | -9.8 | -14.4 |
| 2025-05 | -11.1 | -17.0 |
| 2025-04 | -10.2 | -21.6 |
| 2025-03 | -7.1 | -15.5 |
| 2025-02 | -10.0 | -19.4 |
| 2025-01 | -12.8 | -5.9 |
| 2024-12 | -9.6 | -13.0 |
| 2024-11 | -11.6 | -8.6 |
| 2024-10 | -10.3 | -13.2 |
| 2024-09 | -12.1 | -11.3 |
| 2024-08 | -11.2 | -15.4 |
| 2024-07 | -15.8 | -17.8 |
| 2024-06 | -9.1 | -14.1 |
| 2024-05 | -9.2 | -11.0 |
| 2024-04 | -7.2 | -5.7 |
| 2024-03 | -7.9 | -9.3 |
| 2024-02 | -7.8 | -13.2 |
| 2024-01 | -5.8 | 1.2 |
| 2023-12 | -11.2 | -11.1 |
| 2023-11 | -13.7 | -13.7 |
| 2023-10 | -13.0 | -6.0 |
| 2023-09 | -9.0 | -1.9 |
| 2023-08 | -9.9 | 4.3 |
| 2023-07 | -8.8 | -2.5 |
| 2023-06 | -10.7 | -8.2 |
| 2023-05 | -14.3 | -7.3 |
| 2023-04 | -9.4 | -2.0 |
| 2023-03 | -13.9 | -3.1 |
| 2023-02 | -8.5 | -1.7 |
| 2023-01 | -10.5 | 6.5 |
| 2022-12 | -8.5 | -0.7 |
| 2022-11 | -14.5 | 0.7 |
| 2022-10 | -10.0 | -3.8 |
| 2022-09 | -14.9 | -7.2 |
| 2022-08 | -9.6 | -13.0 |
| 2022-07 | -11.4 | -19.7 |
| 2022-06 | -14.2 | -15.1 |
| 2022-05 | -12.8 | -13.1 |
| 2022-04 | -16.7 | -18.0 |
| 2022-03 | -4.1 | -9.9 |
| 2022-02 | -1.2 | -7.5 |
| 2022-01 | -1.9 | -4.7 |
| 2021-12 | -0.7 | -5.4 |
| 2021-11 | -0.5 | -12.7 |
| 2021-10 | -5.6 | -18.6 |
| 2021-09 | -2.5 | -13.8 |
| 2021-08 | 0.9 | 10.0 |
| 2021-07 | 2.0 | 1.7 |
| 2021-06 | 0.6 | 1.8 |
| 2021-05 | -4.6 | -9.3 |
| 2021-04 | -12.2 | -7.3 |
| 2021-03 | -7.0 | -14.9 |
| 2021-02 | -13.8 | -14.2 |
| 2021-01 | -11.2 | -5.6 |
| 2020-12 | -10.3 | -20.8 |
| 2020-11 | -36.9 | 7.8 |
| 2020-10 | -0.9 | -2.9 |
| 2020-09 | -6.2 | 4.4 |
| 2020-08 | -6.6 | -10.0 |
| 2020-07 | -8.7 | -42.4 |
| 2020-06 | -13.4 | -47.4 |
| 2020-05 | -45.0 | -56.3 |
| 2020-04 | -54.4 | -3.8 |
| 2020-03 | -10.8 | -1.8 |
| 2020-02 | 0.8 | 1.2 |
| 2020-01 | -1.3 | 11.3 |
| 2019-12 | 1.2 | -1.5 |
| 2019-11 | -1.0 | -6.2 |
| 2019-10 | -4.0 | -6.8 |
| 2019-09 | -3.4 | -1.4 |
| 2019-08 | -12.0 | -5.0 |
| 2019-07 | -4.2 | -3.0 |
| 2019-06 | -7.1 | -7.2 |
| 2019-05 | -3.2 | -9.0 |
| 2019-04 | 3.1 | -12.8 |
| 2019-03 | -1.5 | -16.6 |
| 2019-02 | -4.6 | -10.3 |
| 2019-01 | -5.3 | -9.0 |
| 2018-12 | -5.2 | -7.4 |
| 2018-11 | -0.4 | -5.9 |
| 2018-10 | -2.9 | -6.5 |
| 2018-09 | 2.3 | 2.4 |
| 2018-08 | 8.9 | 2.0 |
| 2018-07 | 5.1 | 0.0 |
| 2018-06 | 5.7 | -6.0 |
| 2018-05 | 5.1 | -5.0 |
| 2018-04 | 4.9 | -7.9 |
| 2018-03 | 3.1 | -5.7 |
| 2018-02 | 5.4 | 6.1 |
| 2018-01 | 6.8 | 3.3 |
| 2017-12 | 5.4 | 0.8 |
| 2017-11 | 8.1 | -6.2 |
| 2017-10 | 9.0 | -1.4 |
| 2017-09 | 2.3 | -1.6 |
| 2017-08 | -0.8 | -1.0 |
| 2017-07 | -1.4 | 5.5 |
| 2017-06 | -1.0 | -5.9 |
| 2017-05 | -3.2 | -5.5 |
| 2017-04 | -3.5 | -11.9 |
| 2017-03 | 0.2 | -1.8 |
| 2017-02 | -0.4 | 4.2 |
| 2017-01 | 1.5 | 1.0 |
| 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 |
graphiqueRecent sales and ordering intentions
- Source: INSEE.
tableauWorkforce size in retail trade
| Past workforce size | Expected workforce size | |
|---|---|---|
| 2026-01 | -10.2 | -10.9 |
| 2025-12 | -10.3 | -8.7 |
| 2025-11 | -8.2 | -8.8 |
| 2025-10 | -9.9 | -14.1 |
| 2025-09 | -13.9 | -12.1 |
| 2025-08 | -9.0 | -12.8 |
| 2025-07 | -12.5 | -5.9 |
| 2025-06 | -12.8 | -6.4 |
| 2025-05 | -10.5 | -5.0 |
| 2025-04 | -10.9 | -12.0 |
| 2025-03 | -8.0 | -11.3 |
| 2025-02 | -6.8 | -8.6 |
| 2025-01 | -7.4 | -11.1 |
| 2024-12 | -5.6 | -12.6 |
| 2024-11 | -3.9 | -10.0 |
| 2024-10 | -4.5 | -8.0 |
| 2024-09 | -7.0 | -6.8 |
| 2024-08 | -7.4 | -7.0 |
| 2024-07 | -7.3 | -8.8 |
| 2024-06 | -8.2 | -7.5 |
| 2024-05 | -6.0 | -8.0 |
| 2024-04 | -11.1 | -3.8 |
| 2024-03 | -6.6 | -7.2 |
| 2024-02 | -10.6 | -8.0 |
| 2024-01 | -6.1 | -8.4 |
| 2023-12 | -8.6 | -5.8 |
| 2023-11 | -12.5 | -11.5 |
| 2023-10 | -9.2 | -10.2 |
| 2023-09 | -7.8 | -9.3 |
| 2023-08 | -6.5 | -8.4 |
| 2023-07 | -5.5 | -5.6 |
| 2023-06 | -9.2 | -7.2 |
| 2023-05 | -11.2 | -9.1 |
| 2023-04 | -7.2 | -7.8 |
| 2023-03 | -7.7 | -8.6 |
| 2023-02 | -6.0 | -6.7 |
| 2023-01 | -5.4 | -7.6 |
| 2022-12 | -4.8 | -9.9 |
| 2022-11 | -7.0 | -8.9 |
| 2022-10 | -9.6 | -7.9 |
| 2022-09 | -5.1 | -6.2 |
| 2022-08 | -8.3 | -5.5 |
| 2022-07 | -8.9 | -12.8 |
| 2022-06 | -7.3 | -9.1 |
| 2022-05 | -8.5 | -5.2 |
| 2022-04 | -6.7 | -7.1 |
| 2022-03 | -1.1 | -7.6 |
| 2022-02 | -4.9 | -6.1 |
| 2022-01 | -8.3 | -6.1 |
| 2021-12 | -5.0 | -5.1 |
| 2021-11 | -6.1 | -4.7 |
| 2021-10 | -6.2 | -5.9 |
| 2021-09 | -5.7 | -9.7 |
| 2021-08 | -8.9 | -6.4 |
| 2021-07 | -7.4 | -6.0 |
| 2021-06 | -11.5 | -6.1 |
| 2021-05 | -11.5 | -9.4 |
| 2021-04 | -10.7 | -12.6 |
| 2021-03 | -13.7 | -8.3 |
| 2021-02 | -17.8 | -12.8 |
| 2021-01 | -8.0 | -5.6 |
| 2020-12 | -16.7 | -13.8 |
| 2020-11 | -11.4 | -27.3 |
| 2020-10 | -14.7 | -12.4 |
| 2020-09 | -16.6 | -11.0 |
| 2020-08 | -17.0 | -9.7 |
| 2020-07 | -21.9 | -16.5 |
| 2020-06 | -24.3 | -21.5 |
| 2020-05 | -20.1 | -33.1 |
| 2020-04 | -16.6 | -34.9 |
| 2020-03 | -11.7 | -15.5 |
| 2020-02 | -4.0 | -10.3 |
| 2020-01 | -7.1 | -7.5 |
| 2019-12 | -3.4 | -6.9 |
| 2019-11 | -7.2 | -10.9 |
| 2019-10 | -4.8 | -7.6 |
| 2019-09 | -11.8 | -6.5 |
| 2019-08 | -12.1 | -10.0 |
| 2019-07 | -2.0 | -4.2 |
| 2019-06 | -3.1 | -3.4 |
| 2019-05 | -3.5 | -0.8 |
| 2019-04 | -4.6 | -0.7 |
| 2019-03 | -5.2 | -3.8 |
| 2019-02 | -1.1 | -5.0 |
| 2019-01 | -2.5 | -4.9 |
| 2018-12 | -0.9 | -4.1 |
| 2018-11 | 0.8 | -1.4 |
| 2018-10 | -0.5 | -2.9 |
| 2018-09 | -0.1 | -1.5 |
| 2018-08 | 4.9 | -2.7 |
| 2018-07 | 3.3 | 3.9 |
| 2018-06 | 4.0 | 2.0 |
| 2018-05 | 5.1 | -0.5 |
| 2018-04 | 3.9 | 0.8 |
| 2018-03 | 4.4 | 0.4 |
| 2018-02 | 4.8 | 1.1 |
| 2018-01 | 4.8 | -1.6 |
| 2017-12 | 0.1 | 0.4 |
| 2017-11 | 4.5 | -1.1 |
| 2017-10 | 2.4 | -1.8 |
| 2017-09 | 2.4 | -2.1 |
| 2017-08 | 2.7 | -1.3 |
| 2017-07 | 0.6 | -2.3 |
| 2017-06 | 3.7 | -0.7 |
| 2017-05 | 0.9 | -2.5 |
| 2017-04 | 0.2 | -4.4 |
| 2017-03 | -0.1 | -0.4 |
| 2017-02 | -3.5 | -2.8 |
| 2017-01 | -0.8 | -4.9 |
| 2016-12 | -1.8 | -3.6 |
| 2016-11 | -4.9 | -5.3 |
| 2016-10 | -3.7 | -3.2 |
| 2016-09 | -0.1 | -5.8 |
| 2016-08 | -1.6 | -2.9 |
| 2016-07 | -3.7 | -2.9 |
| 2016-06 | -1.1 | -5.8 |
| 2016-05 | -2.9 | -5.1 |
| 2016-04 | -4.4 | -4.9 |
| 2016-03 | -5.1 | -6.9 |
| 2016-02 | -3.8 | -6.1 |
| 2016-01 | -3.0 | -3.9 |
| 2015-12 | -3.7 | -5.9 |
| 2015-11 | -5.1 | -7.8 |
| 2015-10 | -1.9 | -2.3 |
| 2015-09 | -2.4 | -3.7 |
| 2015-08 | -5.1 | -4.3 |
| 2015-07 | -1.5 | -4.8 |
| 2015-06 | -1.2 | -6.1 |
| 2015-05 | -1.0 | -6.1 |
| 2015-04 | -2.1 | -7.4 |
| 2015-03 | -7.3 | -4.7 |
| 2015-02 | -2.1 | -5.8 |
| 2015-01 | -5.7 | -8.2 |
| 2014-12 | -4.3 | -8.4 |
| 2014-11 | -5.0 | -9.2 |
| 2014-10 | -3.3 | -11.3 |
| 2014-09 | -2.1 | -11.0 |
| 2014-08 | -2.8 | -9.3 |
| 2014-07 | -0.8 | -7.1 |
| 2014-06 | -2.6 | -7.5 |
| 2014-05 | -2.5 | -4.9 |
| 2014-04 | -2.5 | -3.8 |
| 2014-03 | -6.5 | -6.6 |
| 2014-02 | -4.5 | -7.8 |
| 2014-01 | -4.9 | -7.3 |
| 2013-12 | -5.3 | -7.2 |
| 2013-11 | -8.0 | -11.9 |
| 2013-10 | -7.9 | -5.2 |
| 2013-09 | -8.8 | -6.1 |
| 2013-08 | -7.2 | -7.2 |
| 2013-07 | -10.4 | -11.6 |
| 2013-06 | -8.9 | -12.3 |
| 2013-05 | -10.4 | -11.3 |
| 2013-04 | -9.5 | -12.0 |
| 2013-03 | -7.8 | -12.3 |
| 2013-02 | -9.4 | -10.0 |
| 2013-01 | -9.1 | -9.7 |
| 2012-12 | -6.7 | -12.4 |
| 2012-11 | -6.0 | -8.0 |
| 2012-10 | -7.3 | -5.8 |
| 2012-09 | -6.6 | -9.2 |
| 2012-08 | -6.3 | -8.9 |
| 2012-07 | -6.9 | -13.3 |
| 2012-06 | -6.5 | -8.0 |
| 2012-05 | -9.5 | -10.3 |
| 2012-04 | -5.6 | -6.9 |
| 2012-03 | -3.9 | -7.4 |
| 2012-02 | -7.1 | -10.5 |
| 2012-01 | -10.6 | -7.5 |
| 2011-12 | -7.3 | -4.4 |
| 2011-11 | -3.8 | -6.5 |
| 2011-10 | -4.0 | -6.9 |
| 2011-09 | 0.0 | -7.7 |
| 2011-08 | -3.7 | -4.9 |
| 2011-07 | -1.4 | -4.7 |
| 2011-06 | -1.8 | -5.8 |
| 2011-05 | -0.8 | -4.3 |
| 2011-04 | -2.7 | -4.7 |
| 2011-03 | -2.6 | -3.9 |
| 2011-02 | -2.1 | -2.7 |
| 2011-01 | -2.4 | -3.2 |
graphiqueWorkforce size in retail trade
- Source: INSEE.
The business climate has retreated more in retail trade (excluding motor vehicles) than in trade and repair of motor vehicles
In January 2026, the business climate has clearly returned to a downward trend in retail trade (excluding motor vehicles) : at 101, it stands just above its long-term average. The balances related to ordering intentions and to expected sales have clearly fallen back, just below their average. Conversely, the balance related to past sales has rebounded and has moved back above its average.
In trade and repair of motor vehicles, the business climate has retreated more slightly and has moved away from its long-term average. The balance related to ordering intentions has retreated and has fallen back below its average. The balance related to expected sales has strongly returned to a downward trend, and that on past sales has decreased again. Both of them have moved away from their average.
tableauBusiness climate synthetic indicator in retail trade and in trade and repair of motor vehicles
| Trade and repair of motor vehicles | Retail trade | |
|---|---|---|
| 2026-01 | 97.0 | 101.0 |
| 2025-12 | 99.1 | 106.7 |
| 2025-11 | 91.7 | 101.6 |
| 2025-10 | 99.7 | 97.1 |
| 2025-09 | 90.9 | 94.3 |
| 2025-08 | 87.7 | 99.1 |
| 2025-07 | 88.6 | 106.7 |
| 2025-06 | 91.3 | 106.5 |
| 2025-05 | 90.8 | 104.3 |
| 2025-04 | 94.0 | 101.0 |
| 2025-03 | 96.0 | 106.0 |
| 2025-02 | 94.4 | 102.0 |
| 2025-01 | 96.0 | 99.6 |
| 2024-12 | 94.1 | 103.9 |
| 2024-11 | 96.0 | 101.8 |
| 2024-10 | 99.8 | 99.2 |
| 2024-09 | 98.4 | 99.3 |
| 2024-08 | 96.0 | 100.5 |
| 2024-07 | 93.3 | 95.8 |
| 2024-06 | 99.8 | 101.2 |
| 2024-05 | 99.7 | 102.7 |
| 2024-04 | 100.0 | 105.8 |
| 2024-03 | 101.0 | 102.7 |
| 2024-02 | 99.9 | 102.9 |
| 2024-01 | 99.3 | 109.9 |
| 2023-12 | 100.5 | 99.9 |
| 2023-11 | 102.2 | 94.6 |
| 2023-10 | 99.5 | 97.7 |
| 2023-09 | 100.6 | 103.5 |
| 2023-08 | 100.0 | 105.8 |
| 2023-07 | 101.1 | 105.3 |
| 2023-06 | 95.8 | 104.9 |
| 2023-05 | 99.1 | 96.9 |
| 2023-04 | 98.4 | 103.9 |
| 2023-03 | 98.6 | 96.8 |
| 2023-02 | 102.5 | 100.9 |
| 2023-01 | 102.3 | 99.1 |
| 2022-12 | 105.7 | 96.8 |
| 2022-11 | 100.1 | 94.1 |
| 2022-10 | 99.4 | 98.7 |
| 2022-09 | 99.1 | 92.1 |
| 2022-08 | 97.6 | 99.6 |
| 2022-07 | 98.3 | 95.2 |
| 2022-06 | 93.7 | 95.9 |
| 2022-05 | 91.0 | 100.0 |
| 2022-04 | 89.1 | 95.5 |
| 2022-03 | 100.9 | 102.7 |
| 2022-02 | 106.0 | 109.2 |
| 2022-01 | 104.4 | 108.6 |
| 2021-12 | 103.5 | 112.6 |
| 2021-11 | 100.5 | 115.4 |
| 2021-10 | 100.8 | 109.6 |
| 2021-09 | 104.0 | 111.1 |
| 2021-08 | 107.4 | 114.2 |
| 2021-07 | 108.7 | 118.3 |
| 2021-06 | 115.3 | 116.1 |
| 2021-05 | 107.3 | 109.9 |
| 2021-04 | 100.1 | 92.9 |
| 2021-03 | 98.8 | 100.3 |
| 2021-02 | 90.6 | 95.8 |
| 2021-01 | 96.9 | 96.2 |
| 2020-12 | 100.9 | 93.9 |
| 2020-11 | 79.6 | 72.1 |
| 2020-10 | 106.3 | 102.3 |
| 2020-09 | 107.2 | 97.7 |
| 2020-08 | 104.6 | 95.8 |
| 2020-07 | 101.0 | 88.9 |
| 2020-06 | 90.9 | 91.0 |
| 2020-05 | 59.4 | 69.8 |
| 2020-04 | 56.3 | 67.3 |
| 2020-03 | 100.0 | 96.1 |
| 2020-02 | 110.5 | 109.3 |
| 2020-01 | 113.2 | 106.3 |
| 2019-12 | 110.0 | 110.3 |
| 2019-11 | 109.0 | 108.0 |
| 2019-10 | 110.1 | 103.6 |
| 2019-09 | 109.6 | 105.9 |
| 2019-08 | 108.5 | 95.5 |
| 2019-07 | 106.3 | 106.0 |
| 2019-06 | 108.9 | 100.3 |
| 2019-05 | 108.9 | 103.9 |
| 2019-04 | 107.8 | 111.9 |
| 2019-03 | 108.2 | 104.0 |
| 2019-02 | 107.0 | 101.2 |
| 2019-01 | 106.1 | 99.7 |
| 2018-12 | 108.1 | 95.5 |
| 2018-11 | 111.6 | 104.0 |
| 2018-10 | 112.0 | 102.9 |
| 2018-09 | 112.3 | 110.1 |
| 2018-08 | 112.4 | 119.0 |
| 2018-07 | 112.4 | 114.8 |
| 2018-06 | 113.7 | 114.2 |
| 2018-05 | 115.8 | 112.5 |
| 2018-04 | 116.6 | 111.6 |
| 2018-03 | 116.3 | 110.9 |
| 2018-02 | 120.8 | 112.2 |
| 2018-01 | 119.7 | 115.0 |
| 2017-12 | 117.0 | 115.5 |
| 2017-11 | 118.0 | 115.7 |
| 2017-10 | 117.0 | 117.9 |
| 2017-09 | 115.3 | 111.4 |
| 2017-08 | 109.9 | 110.6 |
| 2017-07 | 110.9 | 111.1 |
| 2017-06 | 109.1 | 110.4 |
| 2017-05 | 108.1 | 105.9 |
| 2017-04 | 110.1 | 102.8 |
| 2017-03 | 110.6 | 107.2 |
| 2017-02 | 107.2 | 110.2 |
| 2017-01 | 106.3 | 113.5 |
| 2016-12 | 107.8 | 110.5 |
| 2016-11 | 106.8 | 99.8 |
| 2016-10 | 106.7 | 98.5 |
| 2016-09 | 105.6 | 101.9 |
| 2016-08 | 109.9 | 102.5 |
| 2016-07 | 111.4 | 100.7 |
| 2016-06 | 111.2 | 101.8 |
| 2016-05 | 108.9 | 106.1 |
| 2016-04 | 109.0 | 99.2 |
| 2016-03 | 109.8 | 103.0 |
| 2016-02 | 109.8 | 98.8 |
| 2016-01 | 109.6 | 100.8 |
| 2015-12 | 109.9 | 98.4 |
| 2015-11 | 110.6 | 104.7 |
| 2015-10 | 108.1 | 110.8 |
| 2015-09 | 109.1 | 105.7 |
| 2015-08 | 109.8 | 108.1 |
| 2015-07 | 105.6 | 103.1 |
| 2015-06 | 111.9 | 103.0 |
| 2015-05 | 110.8 | 102.0 |
| 2015-04 | 109.6 | 103.7 |
| 2015-03 | 107.4 | 102.6 |
| 2015-02 | 105.6 | 104.4 |
| 2015-01 | 107.2 | 98.8 |
| 2014-12 | 103.4 | 90.7 |
| 2014-11 | 100.7 | 90.6 |
| 2014-10 | 96.1 | 87.1 |
| 2014-09 | 92.2 | 87.1 |
| 2014-08 | 98.3 | 86.6 |
| 2014-07 | 100.8 | 96.4 |
| 2014-06 | 97.9 | 93.7 |
| 2014-05 | 100.6 | 94.8 |
| 2014-04 | 99.8 | 95.9 |
| 2014-03 | 99.6 | 95.0 |
| 2014-02 | 96.4 | 95.1 |
| 2014-01 | 98.2 | 94.7 |
| 2013-12 | 96.1 | 93.3 |
| 2013-11 | 96.4 | 93.0 |
| 2013-10 | 98.4 | 93.9 |
| 2013-09 | 98.6 | 100.7 |
| 2013-08 | 93.8 | 94.8 |
| 2013-07 | 92.7 | 81.1 |
| 2013-06 | 90.4 | 84.8 |
| 2013-05 | 88.3 | 82.7 |
| 2013-04 | 85.8 | 86.7 |
| 2013-03 | 86.1 | 90.4 |
| 2013-02 | 90.3 | 92.4 |
| 2013-01 | 83.5 | 85.5 |
| 2012-12 | 84.9 | 92.6 |
| 2012-11 | 84.3 | 92.2 |
| 2012-10 | 74.4 | 97.4 |
| 2012-09 | 82.3 | 89.0 |
| 2012-08 | 88.0 | 96.1 |
| 2012-07 | 82.4 | 98.1 |
| 2012-06 | 86.3 | 99.9 |
| 2012-05 | 89.9 | 93.2 |
| 2012-04 | 93.3 | 97.6 |
| 2012-03 | 88.1 | 96.6 |
| 2012-02 | 90.6 | 92.8 |
| 2012-01 | 84.5 | 91.5 |
| 2011-12 | 94.9 | 92.3 |
| 2011-11 | 93.1 | 96.2 |
| 2011-10 | 97.5 | 92.8 |
| 2011-09 | 93.6 | 94.7 |
| 2011-08 | 98.2 | 98.2 |
| 2011-07 | 101.2 | 99.1 |
| 2011-06 | 99.9 | 102.1 |
| 2011-05 | 99.4 | 106.7 |
| 2011-04 | 100.5 | 105.8 |
| 2011-03 | 102.1 | 105.6 |
| 2011-02 | 104.1 | 109.9 |
| 2011-01 | 104.5 | 110.6 |
| 2010-12 | 103.7 | 112.6 |
| 2010-11 | 103.3 | 105.9 |
| 2010-10 | 102.7 | 113.3 |
| 2010-09 | 101.4 | 110.1 |
| 2010-08 | 98.6 | 113.6 |
| 2010-07 | 97.7 | 103.7 |
| 2010-06 | 96.9 | 107.0 |
| 2010-05 | 95.4 | 107.6 |
| 2010-04 | 99.2 | 108.4 |
| 2010-03 | 93.1 | 102.0 |
| 2010-02 | 97.6 | 101.7 |
| 2010-01 | 101.2 | 97.1 |
| 2009-12 | 94.6 | 99.8 |
| 2009-11 | 99.8 | 101.7 |
| 2009-10 | 94.0 | 97.7 |
| 2009-09 | 94.7 | 92.9 |
| 2009-08 | 95.6 | 87.6 |
| 2009-07 | 90.9 | 90.1 |
| 2009-06 | 86.6 | 79.2 |
| 2009-05 | 95.6 | 75.5 |
| 2009-04 | 77.0 | 76.8 |
| 2009-03 | 94.8 | 84.7 |
| 2009-02 | 75.5 | 81.0 |
| 2009-01 | 74.4 | 81.8 |
| 2008-12 | 72.1 | 79.6 |
| 2008-11 | 87.8 | 89.1 |
| 2008-10 | 78.4 | 81.7 |
| 2008-09 | 101.3 | 99.8 |
| 2008-08 | 90.6 | 94.9 |
| 2008-07 | 93.5 | 96.4 |
| 2008-06 | 97.8 | 102.1 |
| 2008-05 | 105.7 | 104.3 |
| 2008-04 | 98.0 | 107.5 |
| 2008-03 | 110.5 | 113.0 |
| 2008-02 | 103.7 | 114.0 |
| 2008-01 | 105.0 | 113.7 |
| 2007-12 | 108.5 | 120.0 |
| 2007-11 | 112.1 | 110.6 |
| 2007-10 | 111.4 | 110.6 |
| 2007-09 | 110.9 | 108.6 |
| 2007-08 | 110.5 | 117.0 |
| 2007-07 | 109.7 | 122.5 |
| 2007-06 | 118.3 | 121.7 |
| 2007-05 | 106.8 | 119.9 |
| 2007-04 | 110.2 | 115.8 |
| 2007-03 | 107.7 | 113.8 |
| 2007-02 | 112.7 | 113.9 |
| 2007-01 | 108.1 | 108.0 |
| 2006-12 | 104.7 | 111.6 |
| 2006-11 | 106.5 | 115.0 |
| 2006-10 | 104.0 | 115.8 |
| 2006-09 | 104.9 | 112.9 |
| 2006-08 | 107.0 | 110.7 |
| 2006-07 | 108.8 | 106.4 |
| 2006-06 | 109.3 | 106.0 |
| 2006-05 | 104.5 | 105.5 |
| 2006-04 | 105.5 | 103.5 |
| 2006-03 | 104.2 | 101.5 |
| 2006-02 | 106.4 | 102.4 |
| 2006-01 | 103.1 | 103.9 |
graphiqueBusiness climate synthetic indicator in retail trade and in trade and repair of motor vehicles
- Source: INSEE.
tableauBalances of opinion by sub-sector in retail trade and trade and repair of motor vehicles
| Ave. (1) | Oct. 25 | Nov. 25 | Dec. 25 | Jan. 26 | |
|---|---|---|---|---|---|
| Retail trade | |||||
| Business climate | 100 | 97 | 102 | 107 | 101 |
| General business outlook | -28 | -31 | -27 | -24 | -24 |
| Recent sales | -8 | -8 | -2 | -11 | -5 |
| Expected sales | -2 | -12 | -6 | 1 | -3 |
| Ordering intentions | -8 | -11 | -8 | -1 | -9 |
| Past workforce size | -1 | -14 | -9 | -14 | -11 |
| Expected workforce size | -4 | -16 | -10 | -10 | -11 |
| Trade and repair of motor vehicles | |||||
| Business climate | 100 | 100 | 92 | 99 | 97 |
| General business outlook | -26 | -27 | -32 | -25 | -24 |
| Recent sales | -10 | -34 | -22 | -23 | -28 |
| Expected sales | -9 | -11 | -19 | -16 | -24 |
| Ordering intentions | -11 | -6 | -25 | -10 | -14 |
| Past workforce size | -7 | 5 | -4 | 2 | -6 |
| Expected workforce size | -5 | -8 | -5 | -5 | -11 |
- (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).
- Source: INSEE - monthly survey in retail trade and in trade and repair of motor vehicles.
Revisions
The business climate for December 2025 in retail trade (including 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 66% of retail trade and for 34% 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.
This survey is part of the Joint Harmonised EU Programme of Business and Consumer Surveys, partly funded by the European Commission.
The responses of this survey were collected between 26 December 2025 and 20 January 2026; most companies answer during the first two weeks of collection.
Next issue: 24 February 2026 at 8:45 am.
Pour en savoir plus