Informations Rapides ·
23 June 2026 · n° 148
In June 2026, the business climate in manufacturing industry has fallen back to its
average Monthly business survey (goods-producing industries) - June 2026
In June 2026, the business climate in manufacturing industry has fallen back and across all of its sub-sectors (level A17 of classification). At 100, the synthetic indicator has lost two points and has returned to its long-term average. This decrease is mainly explained by the strong downturn in balance of opinion on past production. Personal production prospects have continued the decline that began in February 2026.
In June 2026, the business climate in manufacturing industry has fallen back and across all of its sub-sectors (level A17 of classification). At 100, the synthetic indicator has lost two points and has returned to its long-term average. This decrease is mainly explained by the strong downturn in balance of opinion on past production. Personal production prospects have continued the decline that began in February 2026.
tableauBusiness climate in manufacturing - Composite indicator
| Business climate in manufacturing - Composite indicator | |
|---|---|
| 2026-06 | 100.0 |
| 2026-05 | 102.3 |
| 2026-04 | 100.4 |
| 2026-03 | 99.4 |
| 2026-02 | 101.7 |
| 2026-01 | 105.4 |
| 2025-12 | 102.3 |
| 2025-11 | 98.1 |
| 2025-10 | 100.9 |
| 2025-09 | 96.7 |
| 2025-08 | 97.1 |
| 2025-07 | 96.1 |
| 2025-06 | 96.5 |
| 2025-05 | 97.1 |
| 2025-04 | 100.0 |
| 2025-03 | 96.7 |
| 2025-02 | 97.4 |
| 2025-01 | 95.9 |
| 2024-12 | 96.6 |
| 2024-11 | 96.1 |
| 2024-10 | 92.5 |
| 2024-09 | 98.3 |
| 2024-08 | 99.4 |
| 2024-07 | 96.2 |
| 2024-06 | 99.4 |
| 2024-05 | 99.8 |
| 2024-04 | 100.3 |
| 2024-03 | 102.8 |
| 2024-02 | 101.2 |
| 2024-01 | 99.6 |
| 2023-12 | 99.0 |
| 2023-11 | 98.7 |
| 2023-10 | 98.7 |
| 2023-09 | 97.8 |
| 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 | 108.3 |
| 2022-05 | 107.6 |
| 2022-04 | 108.5 |
| 2022-03 | 107.8 |
| 2022-02 | 111.8 |
| 2022-01 | 113.1 |
| 2021-12 | 108.8 |
| 2021-11 | 110.1 |
| 2021-10 | 107.5 |
| 2021-09 | 106.5 |
| 2021-08 | 109.3 |
| 2021-07 | 109.5 |
| 2021-06 | 107.9 |
| 2021-05 | 107.8 |
| 2021-04 | 103.7 |
| 2021-03 | 98.2 |
| 2021-02 | 97.0 |
| 2021-01 | 96.0 |
| 2020-12 | 94.0 |
| 2020-11 | 91.3 |
| 2020-10 | 93.5 |
| 2020-09 | 93.4 |
| 2020-08 | 90.7 |
| 2020-07 | 81.0 |
| 2020-06 | 76.9 |
| 2020-05 | 70.5 |
| 2020-04 | 66.6 |
| 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 | 107.5 |
| 2018-08 | 108.8 |
| 2018-07 | 108.7 |
| 2018-06 | 109.9 |
| 2018-05 | 110.4 |
| 2018-04 | 111.2 |
| 2018-03 | 111.1 |
| 2018-02 | 112.8 |
| 2018-01 | 114.2 |
| 2017-12 | 112.3 |
| 2017-11 | 111.9 |
| 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 | 109.0 |
| 2017-03 | 105.7 |
| 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 | 100.1 |
| 2015-05 | 101.6 |
| 2015-04 | 101.5 |
| 2015-03 | 99.1 |
| 2015-02 | 98.2 |
| 2015-01 | 98.7 |
| 2014-12 | 98.6 |
| 2014-11 | 98.8 |
| 2014-10 | 97.3 |
| 2014-09 | 96.8 |
| 2014-08 | 96.5 |
| 2014-07 | 96.1 |
| 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 | 94.5 |
| 2013-06 | 92.4 |
| 2013-05 | 91.7 |
| 2013-04 | 87.1 |
| 2013-03 | 90.2 |
| 2013-02 | 90.3 |
| 2013-01 | 89.6 |
| 2012-12 | 90.5 |
| 2012-11 | 91.4 |
| 2012-10 | 86.7 |
| 2012-09 | 92.6 |
| 2012-08 | 92.7 |
| 2012-07 | 91.0 |
| 2012-06 | 93.0 |
| 2012-05 | 94.6 |
| 2012-04 | 95.5 |
| 2012-03 | 96.5 |
| 2012-02 | 94.8 |
| 2012-01 | 94.6 |
| 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 | 109.9 |
| 2011-05 | 107.3 |
| 2011-04 | 110.3 |
| 2011-03 | 110.3 |
| 2011-02 | 106.6 |
| 2011-01 | 108.7 |
| 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 | 95.6 |
| 2010-04 | 94.1 |
| 2010-03 | 90.2 |
| 2010-02 | 87.6 |
| 2010-01 | 89.1 |
| 2009-12 | 86.2 |
| 2009-11 | 86.3 |
| 2009-10 | 84.1 |
| 2009-09 | 82.7 |
| 2009-08 | 79.8 |
| 2009-07 | 75.3 |
| 2009-06 | 73.6 |
| 2009-05 | 71.3 |
| 2009-04 | 69.8 |
| 2009-03 | 65.6 |
| 2009-02 | 67.7 |
| 2009-01 | 72.0 |
| 2008-12 | 72.4 |
| 2008-11 | 79.2 |
| 2008-10 | 86.8 |
| 2008-09 | 91.6 |
| 2008-08 | 98.2 |
| 2008-07 | 98.8 |
| 2008-06 | 103.6 |
| 2008-05 | 104.3 |
| 2008-04 | 107.7 |
| 2008-03 | 110.4 |
| 2008-02 | 110.7 |
| 2008-01 | 110.8 |
| 2007-12 | 112.9 |
| 2007-11 | 112.7 |
| 2007-10 | 110.4 |
| 2007-09 | 111.1 |
| 2007-08 | 111.5 |
| 2007-07 | 112.1 |
| 2007-06 | 111.8 |
| 2007-05 | 110.5 |
| 2007-04 | 112.4 |
| 2007-03 | 111.8 |
| 2007-02 | 112.2 |
| 2007-01 | 108.6 |
| 2006-12 | 109.4 |
| 2006-11 | 109.9 |
| 2006-10 | 107.5 |
| 2006-09 | 108.4 |
| 2006-08 | 108.9 |
| 2006-07 | 109.4 |
| 2006-06 | 108.9 |
| 2006-05 | 109.2 |
| 2006-04 | 108.1 |
| 2006-03 | 106.6 |
| 2006-02 | 106.8 |
| 2006-01 | 103.2 |
graphiqueBusiness climate in manufacturing - Composite indicator
- Source: INSEE.
tableauIndustrialists’ opinion on manufacturing industry
| Manufacturing industry | Ave.* | Mar-26 | Apr-26 | May-26 | Jun-26 |
|---|---|---|---|---|---|
| Business climate | 100 | 99 | 100 | 102 | 100 |
| Past production | 4 | -2 | 4 | 14 | 3 |
| Finished-goods inventory | 12 | 14 | 14 | 13 | 14 |
| Overall order books | -18 | -18 | -15 | -14 | -14 |
| Foreign order books | -14 | -13 | -12 | -10 | -11 |
| Past workforce size | -8 | -1 | -3 | -2 | -2 |
| Expected workforce size | -9 | 0 | -1 | -2 | 0 |
| Personal production prospects | 6 | 9 | 6 | 4 | 2 |
| General production prospects | -8 | -10 | -17 | -17 | -15 |
| Expected trend in selling prices | 4 | 10 | 20 | 22 | 19 |
| Economic uncertainty felt** | 29 | 31 | 37 | 37 | 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 balance of opinion relating to past production has fallen back strongly
In June 2026, the balance of opinion associated with the change in past production has fallen back strongly, just below its long-term average. The one relating to personal production prospects has also decreased, extending the decline that began in February 2026. It stands below its average. The balance associated with general production prospects in the industry has slightly increased but remains well below its average. The balance on economic uncertainty felt by business leaders has strongly declined but remains above its own.
The balance of opinion associated with the level of global order books is stable above its average. The one associated with the level of foreign order books has slightly fallen back but remains above its own.
The balance of opinion on the current level of finished goods inventories has slightly rebounded and has moved away from its average.
The balance of opinion relating to the past evolution of workforce size is stable above its average. The one associated with the expected evolution has rebounded and has moved away from its own.
The balance of opinion associated with the expected trend in selling prices over the next three months has slightly fallen back but remains at highest levels since the beginning of 2011, excluding the inflationary period of 2022 and early 2023. This pull-back has been mainly driven by the “other industries”, and more particularly chemicals and chemical products, rubber and plastic products and “other manufacturing industries”.
The share of companies reporting being limited in their production by workforce shortage has slightly fallen back just above its average. The share of those reporting sourcing difficulties as a limiting factor to their production is stable well above its own. Overall, the proportion of companies declaring supply-side obstacles only is stable: at 26%, it remains above its average. The proportion of companies reporting obstacles linked to demand only has slightly rebounded: at 23%, it remains nonetheless well below its average.
tableauExpected trend in selling prices
| Expected trend in selling prices | |
|---|---|
| 2026-06 | 19.3 |
| 2026-05 | 22.1 |
| 2026-04 | 19.7 |
| 2026-03 | 10.1 |
| 2026-02 | 4.7 |
| 2026-01 | 1.8 |
| 2025-12 | 1.7 |
| 2025-11 | 2.0 |
| 2025-10 | 4.0 |
| 2025-09 | 2.4 |
| 2025-08 | 2.6 |
| 2025-07 | 5.2 |
| 2025-06 | 5.5 |
| 2025-05 | 7.0 |
| 2025-04 | 6.6 |
| 2025-03 | 8.2 |
| 2025-02 | 8.4 |
| 2025-01 | 10.4 |
| 2024-12 | 3.9 |
| 2024-11 | 3.0 |
| 2024-10 | 4.7 |
| 2024-09 | 0.2 |
| 2024-08 | 1.4 |
| 2024-07 | 3.0 |
| 2024-06 | 3.2 |
| 2024-05 | 2.5 |
| 2024-04 | 4.3 |
| 2024-03 | 0.8 |
| 2024-02 | 1.0 |
| 2024-01 | 1.1 |
| 2023-12 | -2.0 |
| 2023-11 | -1.9 |
| 2023-10 | -3.5 |
| 2023-09 | 2.7 |
| 2023-08 | 1.8 |
| 2023-07 | 5.0 |
| 2023-06 | 3.5 |
| 2023-05 | 2.2 |
| 2023-04 | 13.8 |
| 2023-03 | 27.0 |
| 2023-02 | 28.6 |
| 2023-01 | 34.7 |
| 2022-12 | 44.2 |
| 2022-11 | 37.0 |
| 2022-10 | 32.8 |
| 2022-09 | 38.2 |
| 2022-08 | 41.8 |
| 2022-07 | 36.2 |
| 2022-06 | 51.8 |
| 2022-05 | 54.1 |
| 2022-04 | 46.3 |
| 2022-03 | 52.9 |
| 2022-02 | 44.6 |
| 2022-01 | 34.3 |
| 2021-12 | 47.3 |
| 2021-11 | 45.9 |
| 2021-10 | 29.1 |
| 2021-09 | 28.1 |
| 2021-08 | 28.0 |
| 2021-07 | 25.6 |
| 2021-06 | 28.7 |
| 2021-05 | 24.2 |
| 2021-04 | 19.5 |
| 2021-03 | 16.4 |
| 2021-02 | 12.6 |
| 2021-01 | 2.9 |
| 2020-12 | 6.1 |
| 2020-11 | 4.7 |
| 2020-10 | 5.3 |
| 2020-09 | -3.6 |
| 2020-08 | -0.9 |
| 2020-07 | -0.4 |
| 2020-06 | -3.0 |
| 2020-05 | -7.2 |
| 2020-04 | -5.9 |
| 2020-03 | 1.1 |
| 2020-02 | 0.7 |
| 2020-01 | 3.3 |
| 2019-12 | -0.9 |
| 2019-11 | -1.9 |
| 2019-10 | 1.5 |
| 2019-09 | 3.2 |
| 2019-08 | 3.1 |
| 2019-07 | -0.9 |
| 2019-06 | 1.2 |
| 2019-05 | 8.8 |
| 2019-04 | 11.7 |
| 2019-03 | 3.7 |
| 2019-02 | 8.7 |
| 2019-01 | 8.1 |
| 2018-12 | 3.3 |
| 2018-11 | 10.3 |
| 2018-10 | 9.8 |
| 2018-09 | 7.8 |
| 2018-08 | 8.0 |
| 2018-07 | 4.9 |
| 2018-06 | 8.4 |
| 2018-05 | 11.5 |
| 2018-04 | 6.4 |
| 2018-03 | 10.7 |
| 2018-02 | 10.1 |
| 2018-01 | 8.7 |
| 2017-12 | 6.9 |
| 2017-11 | 9.8 |
| 2017-10 | 3.1 |
| 2017-09 | 9.5 |
| 2017-08 | 3.6 |
| 2017-07 | 4.5 |
| 2017-06 | 4.6 |
| 2017-05 | 6.4 |
| 2017-04 | 6.1 |
| 2017-03 | 1.1 |
| 2017-02 | 4.2 |
| 2017-01 | 3.2 |
| 2016-12 | 6.6 |
| 2016-11 | 2.7 |
| 2016-10 | 6.5 |
| 2016-09 | -6.6 |
| 2016-08 | -7.9 |
| 2016-07 | -2.3 |
| 2016-06 | -0.5 |
| 2016-05 | -5.0 |
| 2016-04 | -4.8 |
| 2016-03 | -12.8 |
| 2016-02 | -17.4 |
| 2016-01 | -15.2 |
| 2015-12 | -16.4 |
| 2015-11 | -8.7 |
| 2015-10 | -12.8 |
| 2015-09 | -15.9 |
| 2015-08 | -6.3 |
| 2015-07 | -5.5 |
| 2015-06 | -6.8 |
| 2015-05 | -2.3 |
| 2015-04 | -10.2 |
| 2015-03 | -20.0 |
| 2015-02 | -20.8 |
| 2015-01 | -18.7 |
| 2014-12 | -20.1 |
| 2014-11 | -18.8 |
| 2014-10 | -7.5 |
| 2014-09 | -16.4 |
| 2014-08 | -8.6 |
| 2014-07 | -2.8 |
| 2014-06 | -6.0 |
| 2014-05 | -3.1 |
| 2014-04 | -2.4 |
| 2014-03 | -6.9 |
| 2014-02 | -4.3 |
| 2014-01 | 2.5 |
| 2013-12 | -8.3 |
| 2013-11 | -6.8 |
| 2013-10 | -3.3 |
| 2013-09 | -3.2 |
| 2013-08 | 0.6 |
| 2013-07 | 1.1 |
| 2013-06 | -4.2 |
| 2013-05 | -4.3 |
| 2013-04 | -3.9 |
| 2013-03 | -4.2 |
| 2013-02 | 2.4 |
| 2013-01 | 4.5 |
| 2012-12 | 2.9 |
| 2012-11 | 0.9 |
| 2012-10 | 1.2 |
| 2012-09 | 2.3 |
| 2012-08 | 0.1 |
| 2012-07 | -0.8 |
| 2012-06 | 1.0 |
| 2012-05 | 3.6 |
| 2012-04 | 8.4 |
| 2012-03 | 8.3 |
| 2012-02 | 5.4 |
| 2012-01 | 2.5 |
| 2011-12 | 5.8 |
| 2011-11 | 7.2 |
| 2011-10 | 2.5 |
| 2011-09 | 6.8 |
| 2011-08 | 7.6 |
| 2011-07 | 15.2 |
| 2011-06 | 23.8 |
| 2011-05 | 25.0 |
| 2011-04 | 19.0 |
| 2011-03 | 26.8 |
| 2011-02 | 20.5 |
| 2011-01 | 16.7 |
graphiqueExpected trend in selling prices
- Source : Insee.
tableauShare of companies declaring obstacles limiting their production*
| Manufacturing industry | Ave.** | Mar-26 | Apr-26 | May-26 | Jun-26 |
|---|---|---|---|---|---|
| Difficulties of supply and demand | 9 | 9 | 9 | 10 | 9 |
| Sourcing difficulties | 11 | 19 | 18 | 19 | 19 |
| Workforce shortage | 9 | 10 | 10 | 11 | 10 |
| Difficulties of supply only | 22 | 28 | 29 | 26 | 26 |
| Difficulties of demand only | 39 | 24 | 23 | 22 | 23 |
- * 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 across all of the sub-sectors (A17) of industry
In June 2026, the business climate indicator in the manufacturing of food products and beverages has fallen back. At 97, it has moved away from its long-term average (100). This decrease mainly comes from the decline in the balance of opinion on global order books and from the one relating to past production.
In the manufacturing of machinery and equipment goods, the synthetic indicator of the business climate has fallen back slightly. At 104, it remains above its long-term average (100). At the sub-sector level, the indicator has strongly fallen back in the manufacturing of electrical equipment while it is stable, significantly above its average, in the manufacturing of computer, electronic and optical products and it has increased in the manufacturing of machinery and equipment.
In the manufacturing of transport equipment, the business climate indicator has fallen back, to 101, slightly above its long-term average (100). It has decreased both in the sub-sector of motor vehicles, trailers and semi-trailers, where it has deviated from its average mainly due to the balance of opinion relating to past production, and in “other transport equipment”, where it has moved closer to its own, mainly reflecting balances of opinion relating to order books.
Finally, the business climate indicator in “other manufacturing” has fallen back, to 99, returning below its long-term average (100). The balances of opinion relating to order books, both global and foreign, and to production, both past and expected, account for this decrease.
tableauBusiness climates in a sector-based approach
| C1: Manufacture of food products and beverages | C3: Machinery and equipment goods | C4: Manufacture of transport equipment | C5: Other manufacturing | |
|---|---|---|---|---|
| 2026-06 | 96.7 | 104.0 | 101.3 | 99.2 |
| 2026-05 | 98.7 | 104.6 | 102.6 | 101.3 |
| 2026-04 | 97.4 | 103.7 | 101.8 | 98.5 |
| 2026-03 | 94.6 | 101.6 | 101.8 | 99.0 |
| 2026-02 | 92.6 | 100.3 | 109.2 | 98.1 |
| 2026-01 | 95.5 | 98.9 | 111.7 | 100.4 |
| 2025-12 | 93.2 | 105.0 | 109.3 | 96.5 |
| 2025-11 | 94.8 | 103.4 | 99.9 | 96.8 |
| 2025-10 | 90.9 | 105.9 | 110.3 | 96.1 |
| 2025-09 | 97.4 | 101.8 | 99.1 | 95.1 |
| 2025-08 | 93.0 | 97.5 | 103.6 | 95.5 |
| 2025-07 | 98.2 | 99.2 | 100.8 | 94.3 |
| 2025-06 | 98.4 | 100.5 | 100.9 | 93.8 |
| 2025-05 | 94.3 | 101.6 | 100.3 | 95.1 |
| 2025-04 | 97.1 | 99.0 | 104.7 | 95.0 |
| 2025-03 | 95.8 | 98.7 | 97.1 | 95.1 |
| 2025-02 | 97.8 | 95.8 | 101.7 | 95.0 |
| 2025-01 | 96.8 | 95.0 | 98.8 | 94.5 |
| 2024-12 | 97.6 | 96.6 | 107.8 | 92.8 |
| 2024-11 | 96.6 | 96.9 | 100.7 | 93.5 |
| 2024-10 | 95.6 | 96.2 | 96.0 | 93.3 |
| 2024-09 | 94.7 | 98.0 | 109.8 | 93.3 |
| 2024-08 | 96.6 | 96.0 | 110.9 | 95.1 |
| 2024-07 | 92.1 | 97.5 | 101.2 | 94.7 |
| 2024-06 | 93.0 | 98.6 | 110.5 | 95.4 |
| 2024-05 | 90.5 | 98.9 | 109.6 | 97.3 |
| 2024-04 | 91.8 | 96.7 | 111.5 | 96.1 |
| 2024-03 | 91.3 | 102.0 | 113.0 | 96.9 |
| 2024-02 | 87.3 | 98.3 | 111.6 | 96.8 |
| 2024-01 | 86.6 | 99.9 | 112.8 | 94.2 |
| 2023-12 | 85.8 | 98.6 | 109.3 | 94.8 |
| 2023-11 | 85.3 | 104.0 | 110.0 | 93.7 |
| 2023-10 | 84.6 | 101.5 | 112.6 | 93.9 |
| 2023-09 | 87.6 | 104.5 | 102.3 | 95.2 |
| 2023-08 | 87.2 | 102.6 | 103.1 | 95.3 |
| 2023-07 | 91.6 | 106.7 | 112.9 | 95.1 |
| 2023-06 | 87.7 | 105.3 | 105.6 | 95.0 |
| 2023-05 | 92.6 | 106.0 | 103.8 | 95.6 |
| 2023-04 | 93.6 | 109.7 | 103.4 | 98.2 |
| 2023-03 | 98.5 | 111.7 | 103.7 | 99.3 |
| 2023-02 | 102.2 | 109.8 | 104.6 | 96.8 |
| 2023-01 | 100.9 | 112.1 | 103.3 | 96.6 |
| 2022-12 | 100.1 | 112.2 | 99.6 | 95.5 |
| 2022-11 | 104.3 | 111.3 | 102.3 | 95.4 |
| 2022-10 | 109.0 | 114.4 | 104.4 | 96.2 |
| 2022-09 | 107.1 | 111.7 | 98.1 | 98.2 |
| 2022-08 | 107.3 | 113.4 | 99.7 | 100.0 |
| 2022-07 | 107.2 | 112.9 | 105.9 | 102.3 |
| 2022-06 | 108.6 | 112.2 | 102.1 | 106.3 |
| 2022-05 | 107.3 | 112.0 | 101.6 | 105.8 |
| 2022-04 | 109.1 | 113.3 | 102.1 | 109.6 |
| 2022-03 | 111.0 | 112.2 | 100.1 | 108.6 |
| 2022-02 | 111.2 | 114.8 | 104.9 | 112.2 |
| 2022-01 | 112.7 | 116.7 | 104.8 | 111.0 |
| 2021-12 | 117.9 | 116.5 | 88.1 | 112.2 |
| 2021-11 | 115.5 | 116.9 | 96.0 | 113.8 |
| 2021-10 | 114.0 | 116.2 | 89.8 | 111.3 |
| 2021-09 | 109.5 | 116.4 | 87.7 | 113.1 |
| 2021-08 | 111.2 | 120.1 | 91.7 | 113.8 |
| 2021-07 | 114.3 | 115.1 | 91.8 | 115.6 |
| 2021-06 | 117.9 | 115.2 | 90.1 | 111.3 |
| 2021-05 | 116.5 | 111.9 | 89.7 | 111.4 |
| 2021-04 | 105.6 | 112.7 | 88.7 | 108.0 |
| 2021-03 | 101.0 | 106.2 | 83.1 | 104.6 |
| 2021-02 | 94.6 | 104.9 | 89.7 | 101.6 |
| 2021-01 | 91.9 | 103.6 | 87.3 | 100.6 |
| 2020-12 | 90.6 | 94.6 | 86.5 | 101.5 |
| 2020-11 | 92.8 | 90.9 | 89.1 | 94.6 |
| 2020-10 | 94.9 | 92.8 | 90.6 | 94.9 |
| 2020-09 | 102.5 | 90.0 | 90.9 | 92.4 |
| 2020-08 | 96.5 | 89.6 | 90.0 | 87.9 |
| 2020-07 | 88.1 | 84.5 | 79.1 | 81.2 |
| 2020-06 | 91.9 | 78.3 | 75.9 | 78.3 |
| 2020-05 | 91.6 | 76.5 | 75.3 | 74.0 |
| 2020-04 | 93.2 | 76.3 | 73.3 | 72.8 |
| 2020-03 | 108.7 | 98.3 | 95.5 | 97.5 |
| 2020-02 | 108.0 | 98.8 | 100.7 | 100.3 |
| 2020-01 | 108.5 | 100.1 | 106.7 | 99.3 |
| 2019-12 | 109.2 | 96.7 | 99.4 | 97.7 |
| 2019-11 | 104.5 | 98.2 | 106.5 | 101.0 |
| 2019-10 | 106.6 | 96.1 | 100.5 | 99.2 |
| 2019-09 | 108.3 | 99.9 | 101.4 | 101.7 |
| 2019-08 | 108.5 | 99.2 | 101.2 | 102.3 |
| 2019-07 | 103.1 | 102.8 | 99.2 | 100.8 |
| 2019-06 | 109.6 | 98.1 | 100.7 | 101.1 |
| 2019-05 | 111.2 | 104.3 | 102.6 | 102.9 |
| 2019-04 | 107.1 | 100.9 | 101.8 | 101.2 |
| 2019-03 | 108.2 | 100.4 | 103.0 | 101.8 |
| 2019-02 | 108.2 | 104.3 | 100.3 | 101.3 |
| 2019-01 | 108.3 | 102.8 | 102.5 | 102.1 |
| 2018-12 | 109.1 | 102.3 | 101.8 | 102.5 |
| 2018-11 | 108.9 | 102.2 | 103.9 | 102.7 |
| 2018-10 | 103.3 | 106.6 | 103.2 | 103.1 |
| 2018-09 | 107.8 | 107.9 | 104.6 | 105.4 |
| 2018-08 | 107.7 | 107.4 | 105.9 | 106.4 |
| 2018-07 | 107.7 | 107.8 | 106.0 | 107.2 |
| 2018-06 | 110.3 | 106.9 | 110.2 | 106.2 |
| 2018-05 | 108.5 | 111.3 | 109.0 | 108.5 |
| 2018-04 | 110.2 | 109.3 | 113.6 | 108.3 |
| 2018-03 | 109.5 | 109.5 | 112.3 | 109.9 |
| 2018-02 | 110.1 | 110.3 | 112.6 | 110.4 |
| 2018-01 | 111.4 | 111.9 | 112.7 | 111.4 |
| 2017-12 | 112.1 | 110.9 | 110.2 | 111.0 |
| 2017-11 | 112.3 | 109.9 | 109.0 | 111.2 |
| 2017-10 | 112.7 | 109.4 | 108.0 | 110.9 |
| 2017-09 | 107.0 | 107.8 | 109.6 | 109.1 |
| 2017-08 | 108.7 | 106.1 | 108.3 | 108.9 |
| 2017-07 | 109.8 | 108.4 | 108.4 | 107.7 |
| 2017-06 | 112.4 | 107.8 | 104.8 | 109.1 |
| 2017-05 | 106.1 | 108.6 | 105.3 | 107.6 |
| 2017-04 | 105.5 | 106.6 | 105.8 | 108.5 |
| 2017-03 | 104.4 | 104.2 | 105.2 | 105.0 |
| 2017-02 | 105.6 | 103.5 | 106.0 | 106.5 |
| 2017-01 | 103.9 | 101.9 | 106.2 | 105.8 |
| 2016-12 | 108.9 | 103.1 | 104.4 | 105.1 |
| 2016-11 | 108.3 | 99.4 | 101.6 | 101.7 |
| 2016-10 | 107.1 | 97.2 | 105.8 | 101.4 |
| 2016-09 | 109.6 | 98.4 | 105.1 | 100.6 |
| 2016-08 | 99.7 | 98.2 | 104.1 | 101.6 |
| 2016-07 | 104.9 | 97.4 | 105.3 | 101.9 |
| 2016-06 | 103.5 | 97.1 | 106.0 | 101.7 |
| 2016-05 | 103.7 | 97.1 | 105.6 | 104.1 |
| 2016-04 | 106.4 | 99.9 | 109.2 | 101.5 |
| 2016-03 | 101.9 | 99.2 | 105.7 | 101.4 |
| 2016-02 | 100.5 | 100.8 | 109.3 | 100.0 |
| 2016-01 | 101.9 | 100.7 | 108.2 | 99.6 |
| 2015-12 | 100.3 | 98.1 | 108.0 | 101.9 |
| 2015-11 | 102.8 | 99.7 | 107.7 | 99.6 |
| 2015-10 | 104.7 | 98.1 | 108.2 | 100.0 |
| 2015-09 | 105.9 | 95.9 | 109.4 | 102.8 |
| 2015-08 | 103.5 | 97.2 | 108.6 | 101.6 |
| 2015-07 | 108.8 | 98.3 | 104.9 | 103.0 |
| 2015-06 | 105.4 | 97.0 | 105.3 | 101.0 |
| 2015-05 | 102.0 | 97.2 | 104.7 | 101.7 |
| 2015-04 | 105.1 | 96.6 | 107.0 | 100.8 |
| 2015-03 | 101.2 | 94.1 | 105.1 | 100.3 |
| 2015-02 | 99.8 | 94.8 | 100.2 | 100.4 |
| 2015-01 | 103.6 | 93.1 | 101.1 | 99.9 |
| 2014-12 | 99.5 | 91.8 | 99.2 | 100.3 |
| 2014-11 | 96.3 | 91.8 | 99.7 | 99.9 |
| 2014-10 | 95.8 | 92.3 | 96.8 | 98.6 |
| 2014-09 | 94.5 | 91.9 | 101.0 | 97.3 |
| 2014-08 | 96.0 | 93.2 | 97.4 | 100.7 |
| 2014-07 | 97.5 | 88.8 | 98.0 | 99.2 |
| 2014-06 | 95.8 | 91.5 | 97.2 | 98.6 |
| 2014-05 | 98.4 | 93.5 | 97.1 | 99.6 |
| 2014-04 | 96.1 | 92.7 | 102.2 | 100.3 |
| 2014-03 | 100.0 | 92.6 | 100.3 | 102.6 |
| 2014-02 | 99.5 | 93.6 | 97.8 | 98.4 |
| 2014-01 | 99.6 | 90.8 | 101.4 | 98.8 |
| 2013-12 | 98.4 | 91.7 | 99.0 | 99.2 |
| 2013-11 | 98.4 | 91.8 | 102.0 | 98.8 |
| 2013-10 | 95.7 | 89.9 | 103.3 | 97.7 |
| 2013-09 | 95.1 | 89.6 | 97.0 | 97.2 |
| 2013-08 | 95.7 | 91.2 | 100.9 | 97.1 |
| 2013-07 | 92.6 | 89.2 | 98.3 | 94.9 |
| 2013-06 | 92.8 | 88.9 | 94.1 | 93.2 |
| 2013-05 | 91.6 | 89.0 | 94.5 | 91.7 |
| 2013-04 | 91.7 | 89.2 | 92.4 | 89.0 |
| 2013-03 | 94.0 | 88.5 | 93.0 | 91.1 |
| 2013-02 | 98.1 | 88.6 | 94.2 | 90.1 |
| 2013-01 | 97.8 | 87.6 | 93.0 | 91.2 |
| 2012-12 | 98.9 | 87.1 | 92.1 | 91.8 |
| 2012-11 | 98.4 | 87.0 | 92.7 | 92.2 |
| 2012-10 | 91.0 | 85.9 | 96.1 | 89.2 |
| 2012-09 | 97.0 | 90.8 | 97.9 | 93.6 |
| 2012-08 | 94.0 | 90.0 | 95.1 | 93.5 |
| 2012-07 | 94.7 | 90.6 | 95.6 | 92.2 |
| 2012-06 | 95.2 | 90.7 | 95.4 | 93.6 |
| 2012-05 | 93.4 | 94.8 | 94.9 | 95.9 |
| 2012-04 | 99.4 | 95.5 | 94.4 | 97.8 |
| 2012-03 | 102.9 | 96.3 | 103.3 | 97.2 |
| 2012-02 | 100.8 | 96.1 | 93.3 | 95.9 |
| 2012-01 | 100.1 | 96.1 | 94.4 | 94.1 |
| 2011-12 | 98.8 | 95.9 | 99.8 | 94.5 |
| 2011-11 | 102.4 | 95.9 | 102.7 | 94.2 |
| 2011-10 | 104.8 | 98.3 | 100.1 | 96.4 |
| 2011-09 | 102.2 | 99.5 | 98.1 | 98.2 |
| 2011-08 | 103.9 | 100.3 | 101.6 | 100.5 |
| 2011-07 | 112.0 | 102.3 | 103.3 | 105.2 |
| 2011-06 | 108.9 | 104.1 | 109.3 | 109.2 |
| 2011-05 | 110.2 | 103.1 | 104.8 | 108.0 |
| 2011-04 | 109.4 | 104.5 | 105.7 | 110.4 |
| 2011-03 | 107.0 | 106.4 | 106.1 | 110.1 |
| 2011-02 | 107.6 | 101.6 | 98.2 | 108.8 |
| 2011-01 | 109.3 | 103.8 | 104.7 | 105.4 |
graphiqueBusiness climates in a sector-based approach
- Source: INSEE.
tableauBusiness climates in a sector-based approach
| NA* : (A17) and [A38 and A64] | Weights** (%) | Apr-26 | May-26 | Jun-26 |
|---|---|---|---|---|
| (C1) Man. of food products and beverages | 20 | 97 | 99 | 97 |
| (C3) Machinery and equipment goods | 11 | 104 | 105 | 104 |
| [CI] Computer, electronic and optical products | 4 | 116 | 116 | 116 |
| [CJ] Electrical equipment | 3 | 100 | 105 | 99 |
| [CK] Machinery and equipment | 5 | 95 | 95 | 97 |
| (C4) Man. of transport equipment | 19 | 102 | 103 | 101 |
| [CL1] Motor vehicles, trailers and semi-trailers | 9 | 99 | 99 | 98 |
| [CL2] Other transport equipment | 10 | 102 | 104 | 102 |
| (C5) Other manufacturing | 45 | 98 | 101 | 99 |
| [CB] Textiles, clothing industries, leather and footwear industry | 2 | 107 | 105 | 102 |
| [CC] Wood, paper, printing | 4 | 98 | 100 | 99 |
| [CE] Chemicals and chemical products | 8 | 91 | 97 | 94 |
| [CG] Rubber and plastic products | 7 | 96 | 101 | 98 |
| [CH] Basic metals and fabricated metal products | 11 | 99 | 98 | 100 |
| [CM] Other manufacturing industries / Manufacture of other industrial products | 10 | 107 | 106 | 104 |
- * 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 2026 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.
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 (methodology, links, etc.) is available on the “Documentation” tab.
Next issue: 23 July 2026 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.
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 (methodology, links, etc.) is available on the “Documentation” tab.
Next issue: 23 July 2026 at 8:45 am.