Informations Rapides ·
23 June 2026 · n° 151
In June 2026, the business climate in services remains gloomy Monthly survey of services - June 2026
According to the business managers surveyed in June 2026, the business climate in services is stable (after rounding). At 93, the indicator that synthesises it remains deteriorated and stands below its long-term average (100).
According to the business managers surveyed in June 2026, the business climate in services is stable (after rounding). At 93, the indicator that synthesises it remains deteriorated and stands below its long-term average (100).
tableauFrench business climate composite indicator
| French business climate composite indicator | |
|---|---|
| 2026-06 | 93.4 |
| 2026-05 | 92.6 |
| 2026-04 | 94.3 |
| 2026-03 | 96.4 |
| 2026-02 | 95.7 |
| 2026-01 | 98.5 |
| 2025-12 | 98.3 |
| 2025-11 | 98.3 |
| 2025-10 | 95.3 |
| 2025-09 | 97.8 |
| 2025-08 | 95.9 |
| 2025-07 | 96.4 |
| 2025-06 | 95.6 |
| 2025-05 | 95.1 |
| 2025-04 | 99.3 |
| 2025-03 | 97.4 |
| 2025-02 | 97.6 |
| 2025-01 | 96.2 |
| 2024-12 | 96.5 |
| 2024-11 | 97.9 |
| 2024-10 | 100.0 |
| 2024-09 | 98.4 |
| 2024-08 | 97.6 |
| 2024-07 | 96.1 |
| 2024-06 | 101.8 |
| 2024-05 | 102.9 |
| 2024-04 | 101.3 |
| 2024-03 | 102.8 |
| 2024-02 | 100.1 |
| 2024-01 | 101.7 |
| 2023-12 | 100.6 |
| 2023-11 | 99.8 |
| 2023-10 | 100.2 |
| 2023-09 | 100.7 |
| 2023-08 | 101.7 |
| 2023-07 | 102.4 |
| 2023-06 | 102.5 |
| 2023-05 | 101.9 |
| 2023-04 | 104.6 |
| 2023-03 | 104.0 |
| 2023-02 | 105.7 |
| 2023-01 | 104.9 |
| 2022-12 | 104.4 |
| 2022-11 | 104.6 |
| 2022-10 | 105.4 |
| 2022-09 | 105.3 |
| 2022-08 | 106.9 |
| 2022-07 | 106.4 |
| 2022-06 | 107.7 |
| 2022-05 | 109.5 |
| 2022-04 | 109.8 |
| 2022-03 | 108.7 |
| 2022-02 | 112.8 |
| 2022-01 | 106.2 |
| 2021-12 | 108.7 |
| 2021-11 | 114.7 |
| 2021-10 | 114.1 |
| 2021-09 | 110.5 |
| 2021-08 | 108.9 |
| 2021-07 | 111.4 |
| 2021-06 | 112.7 |
| 2021-05 | 107.7 |
| 2021-04 | 92.7 |
| 2021-03 | 94.1 |
| 2021-02 | 87.5 |
| 2021-01 | 91.4 |
| 2020-12 | 90.1 |
| 2020-11 | 75.9 |
| 2020-10 | 87.9 |
| 2020-09 | 93.5 |
| 2020-08 | 93.5 |
| 2020-07 | 88.6 |
| 2020-06 | 76.6 |
| 2020-05 | 48.3 |
| 2020-04 | 37.3 |
| 2020-03 | 91.9 |
| 2020-02 | 105.7 |
| 2020-01 | 106.6 |
| 2019-12 | 107.0 |
| 2019-11 | 106.4 |
| 2019-10 | 106.2 |
| 2019-09 | 106.1 |
| 2019-08 | 105.5 |
| 2019-07 | 105.5 |
| 2019-06 | 106.4 |
| 2019-05 | 106.3 |
| 2019-04 | 107.1 |
| 2019-03 | 105.2 |
| 2019-02 | 104.1 |
| 2019-01 | 104.0 |
| 2018-12 | 102.8 |
| 2018-11 | 104.5 |
| 2018-10 | 104.0 |
| 2018-09 | 105.0 |
| 2018-08 | 104.4 |
| 2018-07 | 105.1 |
| 2018-06 | 105.0 |
| 2018-05 | 105.0 |
| 2018-04 | 106.9 |
| 2018-03 | 107.6 |
| 2018-02 | 106.8 |
| 2018-01 | 107.8 |
| 2017-12 | 109.5 |
| 2017-11 | 108.1 |
| 2017-10 | 107.4 |
| 2017-09 | 107.2 |
| 2017-08 | 107.1 |
| 2017-07 | 104.5 |
| 2017-06 | 103.9 |
| 2017-05 | 103.5 |
| 2017-04 | 104.0 |
| 2017-03 | 103.7 |
| 2017-02 | 103.3 |
| 2017-01 | 101.9 |
| 2016-12 | 103.8 |
| 2016-11 | 101.0 |
| 2016-10 | 100.8 |
| 2016-09 | 100.8 |
| 2016-08 | 100.2 |
| 2016-07 | 100.4 |
| 2016-06 | 99.2 |
| 2016-05 | 100.9 |
| 2016-04 | 98.3 |
| 2016-03 | 99.6 |
| 2016-02 | 100.0 |
| 2016-01 | 100.2 |
| 2015-12 | 97.0 |
| 2015-11 | 99.3 |
| 2015-10 | 99.5 |
| 2015-09 | 97.5 |
| 2015-08 | 98.6 |
| 2015-07 | 97.5 |
| 2015-06 | 96.8 |
| 2015-05 | 95.3 |
| 2015-04 | 93.9 |
| 2015-03 | 92.2 |
| 2015-02 | 91.3 |
| 2015-01 | 91.0 |
| 2014-12 | 91.1 |
| 2014-11 | 91.0 |
| 2014-10 | 91.0 |
| 2014-09 | 90.8 |
| 2014-08 | 91.3 |
| 2014-07 | 92.3 |
| 2014-06 | 92.0 |
| 2014-05 | 92.0 |
| 2014-04 | 93.1 |
| 2014-03 | 92.9 |
| 2014-02 | 92.0 |
| 2014-01 | 92.1 |
| 2013-12 | 90.6 |
| 2013-11 | 92.2 |
| 2013-10 | 91.6 |
| 2013-09 | 92.2 |
| 2013-08 | 88.4 |
| 2013-07 | 86.2 |
| 2013-06 | 85.6 |
| 2013-05 | 84.3 |
| 2013-04 | 82.9 |
| 2013-03 | 83.7 |
| 2013-02 | 86.9 |
| 2013-01 | 88.0 |
| 2012-12 | 86.8 |
| 2012-11 | 85.1 |
| 2012-10 | 85.8 |
| 2012-09 | 86.9 |
| 2012-08 | 87.1 |
| 2012-07 | 89.3 |
| 2012-06 | 89.8 |
| 2012-05 | 91.8 |
| 2012-04 | 95.6 |
| 2012-03 | 93.1 |
| 2012-02 | 91.7 |
| 2012-01 | 92.3 |
| 2011-12 | 94.5 |
| 2011-11 | 95.0 |
| 2011-10 | 97.3 |
| 2011-09 | 98.3 |
| 2011-08 | 100.6 |
| 2011-07 | 105.3 |
| 2011-06 | 107.5 |
| 2011-05 | 107.8 |
| 2011-04 | 109.3 |
| 2011-03 | 110.9 |
| 2011-02 | 109.6 |
| 2011-01 | 107.5 |
| 2010-12 | 107.2 |
| 2010-11 | 105.0 |
| 2010-10 | 103.0 |
| 2010-09 | 101.8 |
| 2010-08 | 100.8 |
| 2010-07 | 99.2 |
| 2010-06 | 98.3 |
| 2010-05 | 99.5 |
| 2010-04 | 97.9 |
| 2010-03 | 94.4 |
| 2010-02 | 94.2 |
| 2010-01 | 94.0 |
| 2009-12 | 92.6 |
| 2009-11 | 92.1 |
| 2009-10 | 90.6 |
| 2009-09 | 87.3 |
| 2009-08 | 83.8 |
| 2009-07 | 81.2 |
| 2009-06 | 77.2 |
| 2009-05 | 72.4 |
| 2009-04 | 68.0 |
| 2009-03 | 67.6 |
| 2009-02 | 72.9 |
| 2009-01 | 74.1 |
| 2008-12 | 76.9 |
| 2008-11 | 79.9 |
| 2008-10 | 84.0 |
| 2008-09 | 93.0 |
| 2008-08 | 95.0 |
| 2008-07 | 96.5 |
| 2008-06 | 101.2 |
| 2008-05 | 104.5 |
| 2008-04 | 107.1 |
| 2008-03 | 108.9 |
| 2008-02 | 108.9 |
| 2008-01 | 110.9 |
| 2007-12 | 109.4 |
| 2007-11 | 110.7 |
| 2007-10 | 110.5 |
| 2007-09 | 112.0 |
| 2007-08 | 112.9 |
| 2007-07 | 113.8 |
| 2007-06 | 113.2 |
| 2007-05 | 113.4 |
| 2007-04 | 113.6 |
| 2007-03 | 114.0 |
| 2007-02 | 113.0 |
| 2007-01 | 111.4 |
| 2006-12 | 111.9 |
| 2006-11 | 113.7 |
| 2006-10 | 111.3 |
| 2006-09 | 111.2 |
| 2006-08 | 111.1 |
| 2006-07 | 110.9 |
| 2006-06 | 109.7 |
| 2006-05 | 111.1 |
| 2006-04 | 108.3 |
| 2006-03 | 108.0 |
| 2006-02 | 106.7 |
| 2006-01 | 109.5 |
graphiqueFrench business climate composite indicator
- Source: INSEE.
The opinion of business managers about the business outlook for their sector is more favourable than in the previous month
In June 2026, the business managers in services are less pessimistic than in the previous month about the business outlook for their sector: the associated balance of opinion has rebounded but remains below its long-term average. The one on their expected personal activity has increased slightly, whereas the balances on expected demand and on past activity are virtually stable; all stand well below their average.
The balance of opinion on past change in the workforce size has sharply retreated, and the one on their expected change, more slightly. Both remain well below their average level.
The balances related to past and expected change in selling prices have slightly decreased again, but remain above their average.
The balance on the economic uncertainty felt is virtually stable, above its average.
tableauEconomic outlook in the services sector
| Average* | March 2026 | Apr. 2026 | May 2026 | June 2026 | |
|---|---|---|---|---|---|
| Composite indicator | 100 | 96 | 94 | 93 | 93 |
| General outlook | -7 | -9 | -13 | -14 | -12 |
| Past activity | 2 | -7 | -3 | -6 | -6 |
| Expected activity | 1 | -2 | -3 | -8 | -6 |
| Expected demand | -1 | -4 | -7 | -6 | -7 |
| Past selling prices | -3 | -1 | 0 | -1 | -2 |
| Expected selling prices | -2 | 0 | 3 | 2 | 0 |
| Past employment | 2 | -8 | -6 | -4 | -9 |
| Past employment except temporary work agencies | 0 | -10 | -5 | -8 | -10 |
| Expected employment | 2 | -4 | -11 | -10 | -11 |
| Expected employment except temporary work agencies | -1 | -6 | -7 | -11 | -12 |
| Economic uncertainty felt** | 12 | 12 | 18 | 18 | 17 |
- * Average since 1989 for the composite indicator and since 1988 for the balances of opinion, except general outlook (June 2000) and uncertainty (April 2021).
- ** Balance of opinion not seasonally adjusted ;
- Source: INSEE, monthly business survey in services.
The business climate remains deteriorated in every sub-sectors of services
In June 2026, the business climate indicator in information-communication has slightly rebounded and has moved closer to its long-term average. In particular, the balance on expected activity has rebounded and those on the workforce size, past and expected, have risen, but the three of them remain below their average.
In professional, scientific and technical activities, the business climate indicator has rebounded, after three months of stability, while remaining below its long-term average. The forward-looking balances on activity and on workforce size have sharply risen but remain below their average.
In administrative and support services, the business climate indicator is stable, well below its average. The rise in the balances on the business outlook for the sector and on expected demand is offset by the decrease in those related to activity and to workforce size.
In real estate activities, the business climate indicator has lost one point and has reached, below its average, its lowest level since December 2023. In particular, the balance on expected workforce size has diminished for the fifth month in a row.
In accommodation and food services, the business climate indicator has slightly rebounded after its last month drop, but remains deteriorated. The balances on the business outlook for the sector, but above all on past activity and on expected demand have sharply rebounded. Those on workforce size, past as expected, have sharply deteriorated. All remain below their average.
Finally, the business climate indicator in road freight transport is stable, below its average level. This rise in the balances on activity, on expected workforce size and on the business outlook for the sector is compensated by the sharp decrease in the one on demand.
tableauBusiness climate composite indicator and balances of opinion by sub-sector in services
| Aggregated classification (NA 2008) at level A21 | Average* | March 2026 | Apr. 2026 | May 2026 | June 2026 |
|---|---|---|---|---|---|
| Road transport (8%) | |||||
| Composite indicator | 100 | 98 | 91 | 95 | 95 |
| General outlook | -19 | -23 | -36 | -33 | -26 |
| Past activity | -6 | -11 | -13 | -8 | 6 |
| Expected activity | -7 | -6 | -23 | -16 | -12 |
| Expected demand | -10 | -16 | -28 | -12 | -26 |
| Past employment | -6 | -18 | -20 | -13 | -17 |
| Expected employment | -7 | -12 | -7 | -22 | -16 |
| Accommodation and food service activities (8%) | |||||
| Composite indicator | 100 | 100 | 96 | 85 | 88 |
| General outlook | -13 | -14 | -16 | -29 | -24 |
| Past activity | -7 | -8 | -20 | -28 | -17 |
| Expected activity | -8 | -2 | -14 | -35 | -42 |
| Expected demand | -9 | -7 | -20 | -31 | -12 |
| Past employment | -5 | -14 | 2 | -8 | -26 |
| Expected employment | -6 | -12 | -10 | -23 | -32 |
| Information and communication (29%) | |||||
| Composite indicator | 100 | 96 | 98 | 96 | 97 |
| General outlook | 0 | -2 | -2 | -4 | -4 |
| Past activity | 8 | -11 | 9 | -3 | -7 |
| Expected activity | 9 | 6 | 15 | 2 | 8 |
| Expected demand | 9 | 4 | 8 | 6 | 4 |
| Past employment | 6 | -4 | -3 | -2 | 2 |
| Expected employment | 10 | 2 | 0 | 3 | 5 |
| Real estate activities (10%) | |||||
| Composite indicator | 100 | 98 | 94 | 89 | 88 |
| General outlook | -4 | -2 | -9 | -10 | -7 |
| Past activity | 6 | 7 | 4 | -1 | 0 |
| Expected activity | 6 | 4 | 3 | -4 | -3 |
| Expected demand | 1 | 4 | 4 | -3 | -2 |
| Past employment | 2 | -1 | 5 | -3 | -3 |
| Expected employment | 2 | -3 | -4 | -7 | -11 |
| Professional, scientific and technical activities (25%) | |||||
| Composite indicator | 100 | 94 | 94 | 94 | 96 |
| General outlook | -8 | -11 | -12 | -13 | -11 |
| Past activity | -2 | -12 | -10 | -6 | -7 |
| Expected activity | -3 | -11 | -11 | -11 | -7 |
| Expected demand | -6 | -12 | -13 | -12 | -11 |
| Past employment | 0 | -4 | -4 | -9 | -8 |
| Expected employment | 0 | -5 | -7 | -6 | -1 |
| Administrative and support service activities (18%) | |||||
| Composite indicator | 100 | 95 | 87 | 88 | 88 |
| General outlook | -3 | -8 | -17 | -18 | -14 |
| Past activity | 5 | -1 | -9 | -3 | -6 |
| Expected activity | 4 | -3 | -11 | -11 | -13 |
| Expected demand | 2 | -4 | -12 | -13 | -12 |
| Past employment | 6 | -9 | -11 | -1 | -7 |
| Expected employment | 5 | -1 | -23 | -9 | -13 |
- The figures in parentheses indicate the weights used to aggregate the sub-sector balances of opinion. The “other services” sub-sector is not displayed due to its low weight.
- *Composite indicator: average since 1989 (2006 for road transport); balances of opinion: average since 1988, except general outlook since June 2000 (2006 for road transport).
- Source: INSEE, monthly business survey in services.
Revision
The business climate indicator in services of May has not been revised (after rounding).
For further information
The composite indicators of business climate presented here are estimated independently of one another. Thus, that of the whole services cannot be deduced from the others. The same balances of opinion are included into their calculations, but they are not assigned the same weightings. Also, the indicators are scaled to have a long-run average of 100 and a standard deviation of 10. The climate series do not have the same historical beginning, so their standardisation differs slightly. Discrepancies June therefore appear from time to time.
For the three-modality questions, a balance of opinion is calculated as the difference between the weighted percentage of “increase” responses and the weighted percentage of “decrease” responses.
This survey is part of the Joint Harmonised EU Programme of Business and Consumer Surveys, partly funded by the European Commission.
The responses to this survey were collected between 27 May and 18 June 2026; most companies answer during the first two weeks of collection.
Additional information (simplified and detailed methodology, nomenclature, etc.) is available on the “Documentation” tab of the web page of this publication.
Next issue: 23 July 2026 at 8:45 am.
Documentation
Changes to business tendency surveys – October 2021 (pdf,181 Ko)
Abbreviated methodology (in French) (pdf,193 Ko)
Pour en savoir plus
The composite indicators of business climate presented here are estimated independently of one another. Thus, that of the whole services cannot be deduced from the others. The same balances of opinion are included into their calculations, but they are not assigned the same weightings. Also, the indicators are scaled to have a long-run average of 100 and a standard deviation of 10. The climate series do not have the same historical beginning, so their standardisation differs slightly. Discrepancies June therefore appear from time to time.
For the three-modality questions, a balance of opinion is calculated as the difference between the weighted percentage of “increase” responses and the weighted percentage of “decrease” responses.
This survey is part of the Joint Harmonised EU Programme of Business and Consumer Surveys, partly funded by the European Commission.
The responses to this survey were collected between 27 May and 18 June 2026; most companies answer during the first two weeks of collection.
Additional information (simplified and detailed methodology, nomenclature, etc.) is available on the “Documentation” tab of the web page of this publication.
Next issue: 23 July 2026 at 8:45 am.