Informations Rapides · 23 June 2026 · n° 147
In June 2026, the business climate remains gloomy and the employment climate has darkened further Business indicator - June 2026

In June 2026, the synthetic indicator of business climate, calculated from the responses of the business managers from the main market sectors has very slightly rebounded, to 94, below its average level. The employment climate indicator has lost three points again (after rounding) and stands at 89, its lowest level since June 2013 (excluding health crisis).

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N^o 147

Paru le :Paru le23/06/2026

Prochaine parution le : 23/07/2026 at 08:45 - July 2026

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In June 2026, the business climate indicator remains deteriorated
The employment climate has darkened further
Revisions
For further information

In June 2026, the business climate indicator remains deteriorated

In June 2026, the synthetic indicator of business climate in France has very slightly rebounded, to 94, well below its average level (100). The business climate indicator has slightly rebounded in retail trade, is stable (after rounding) in services, it has fallen back in manufacturing industry and building construction.

Graphique
Tableau

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tableauFrench business climate composite indicator

French business climate composite indicator
	French business climate composite indicator
2026-06	94.0
2026-05	93.3
2026-04	94.1
2026-03	97.2
2026-02	97.5
2026-01	99.4
2025-12	98.9
2025-11	97.7
2025-10	96.6
2025-09	95.9
2025-08	96.3
2025-07	95.9
2025-06	96.1
2025-05	95.6
2025-04	97.1
2025-03	96.7
2025-02	96.0
2025-01	95.5
2024-12	95.0
2024-11	96.1
2024-10	97.1
2024-09	97.5
2024-08	96.7
2024-07	94.4
2024-06	99.7
2024-05	99.9
2024-04	99.8
2024-03	100.5
2024-02	99.1
2024-01	99.5
2023-12	98.9
2023-11	98.1
2023-10	98.8
2023-09	100.0
2023-08	100.3
2023-07	100.7
2023-06	100.9
2023-05	100.7
2023-04	103.6
2023-03	103.0
2023-02	103.6
2023-01	102.8
2022-12	103.4
2022-11	103.0
2022-10	103.1
2022-09	102.3
2022-08	104.3
2022-07	103.8
2022-06	105.0
2022-05	106.5
2022-04	107.2
2022-03	107.4
2022-02	114.2
2022-01	109.3
2021-12	110.9
2021-11	115.0
2021-10	114.6
2021-09	112.2
2021-08	111.2
2021-07	113.6
2021-06	115.4
2021-05	111.2
2021-04	97.4
2021-03	98.4
2021-02	91.2
2021-01	94.4
2020-12	93.4
2020-11	78.0
2020-10	90.5
2020-09	93.9
2020-08	94.5
2020-07	90.9
2020-06	84.5
2020-05	58.5
2020-04	45.4
2020-03	93.8
2020-02	106.2
2020-01	106.9
2019-12	106.8
2019-11	107.1
2019-10	107.1
2019-09	107.2
2019-08	106.4
2019-07	106.4
2019-06	107.3
2019-05	107.3
2019-04	107.7
2019-03	106.2
2019-02	105.0
2019-01	104.7
2018-12	104.2
2018-11	107.1
2018-10	106.8
2018-09	107.6
2018-08	108.0
2018-07	108.3
2018-06	109.3
2018-05	109.7
2018-04	111.4
2018-03	111.9
2018-02	111.9
2018-01	113.0
2017-12	113.6
2017-11	112.5
2017-10	111.2
2017-09	111.3
2017-08	110.9
2017-07	109.9
2017-06	108.9
2017-05	108.0
2017-04	107.6
2017-03	106.8
2017-02	107.5
2017-01	106.6
2016-12	106.2
2016-11	103.8
2016-10	103.8
2016-09	103.7
2016-08	103.5
2016-07	104.0
2016-06	103.2
2016-05	104.5
2016-04	102.5
2016-03	103.2
2016-02	103.2
2016-01	104.3
2015-12	101.8
2015-11	103.2
2015-10	103.2
2015-09	102.3
2015-08	103.1
2015-07	101.4
2015-06	100.9
2015-05	99.7
2015-04	98.7
2015-03	97.0
2015-02	95.9
2015-01	94.9
2014-12	94.0
2014-11	93.8
2014-10	91.9
2014-09	92.0
2014-08	93.0
2014-07	94.5
2014-06	95.2
2014-05	95.8
2014-04	96.3
2014-03	96.5
2014-02	95.3
2014-01	95.7
2013-12	94.2
2013-11	95.0
2013-10	95.4
2013-09	95.8
2013-08	91.8
2013-07	88.5
2013-06	86.7
2013-05	85.3
2013-04	84.2
2013-03	85.7
2013-02	87.8
2013-01	87.7
2012-12	88.3
2012-11	87.4
2012-10	85.9
2012-09	87.9
2012-08	89.4
2012-07	90.7
2012-06	91.5
2012-05	92.9
2012-04	97.2
2012-03	95.4
2012-02	92.8
2012-01	92.8
2011-12	94.3
2011-11	95.4
2011-10	97.6
2011-09	98.6
2011-08	101.4
2011-07	106.5
2011-06	108.1
2011-05	108.3
2011-04	109.1
2011-03	110.0
2011-02	109.5
2011-01	108.2
2010-12	107.3
2010-11	105.7
2010-10	104.9
2010-09	103.0
2010-08	100.9
2010-07	98.7
2010-06	96.8
2010-05	97.4
2010-04	96.2
2010-03	92.1
2010-02	92.9
2010-01	92.3
2009-12	90.7
2009-11	90.6
2009-10	88.8
2009-09	85.9
2009-08	83.0
2009-07	79.7
2009-06	77.6
2009-05	73.9
2009-04	70.7
2009-03	69.0
2009-02	72.6
2009-01	74.5
2008-12	76.1
2008-11	79.1
2008-10	82.7
2008-09	92.4
2008-08	94.7
2008-07	96.1
2008-06	99.8
2008-05	103.3
2008-04	106.0
2008-03	108.4
2008-02	108.5
2008-01	109.6
2007-12	110.2
2007-11	110.4
2007-10	110.2
2007-09	111.5
2007-08	112.2
2007-07	113.3
2007-06	114.1
2007-05	113.1
2007-04	112.8
2007-03	112.2
2007-02	111.8
2007-01	110.0
2006-12	110.0
2006-11	111.6
2006-10	109.8
2006-09	109.8
2006-08	109.2
2006-07	108.6
2006-06	106.5
2006-05	106.9
2006-04	105.2
2006-03	104.6
2006-02	104.1
2006-01	106.6

graphiqueFrench business climate composite indicator

In June 2026, the business climate has slightly improved in the whole sector comprising retail trade and trade and repair of motor vehicles. The synthetic indicator has risen from 89 to 90 (after rounding), but remains well below its long-term average (100). This slight increase mainly results from the slight rebound in the balances related to ordering intentions and general business outlook.

The business climate remains gloomy in services. At 93, the synthetic indicator is stable (after rounding), standing below its long term average (100). The climate remains deteriorated in every sub-sector of services.

The business climate has retreated in building construction. At 96, the synthetic indicator has lost one point and has deviated from its long-term average (100). The business leaders' opinion on their past activity has deteriorated, whereas the one on their future activity has improved anew.

Lastly, the business climate has retreated in manufacturing industry. At 100, the synthetic indicator has lost two points and has reached its long-term average (100). This decrease is mainly due to the strong downturn in past production. Personal production prospects has continued to decrease since February 2026. The climate has fallen back in every major sub-sector of industry.

tableauBusiness and employment climates

Business and employment climates
	Feb. 26	Mar. 26	Apr. 26	May 26	June 26
Business climates
France	98	97	94	93	94
Manufacturing industry	102	99	100	102	100
Building construction	96	96	96	97	96
Services	96	96	94	93	93
Retail trade*	98	100	94	89	90
Wholesale trade		95		96

Employment	93	95	95	92	89

* including trade and repair of vehicles.
Source: INSEE, business tendency surveys.

The employment climate has darkened further

In June 2026, the synthetic indicator of employment climate has decreased for the third month in a row. It has lost three points again (after rounding): at 89 it has reached its lowest level since June 2013 (excluding health crisis), influenced downwards by the balances in both past and expected workforce in services (including interim) and retail trade.

Graphique
Tableau

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tableauFrench employment climate composite indicator

French employment climate composite indicator
	French employment climate composite indicator
2026-06	89.5
2026-05	91.6
2026-04	94.7
2026-03	95.1
2026-02	93.1
2026-01	93.8
2025-12	94.5
2025-11	96.4
2025-10	94.8
2025-09	93.5
2025-08	94.9
2025-07	96.0
2025-06	98.4
2025-05	93.7
2025-04	98.0
2025-03	96.5
2025-02	93.6
2025-01	97.2
2024-12	96.5
2024-11	98.4
2024-10	97.4
2024-09	98.7
2024-08	98.5
2024-07	97.3
2024-06	100.2
2024-05	101.8
2024-04	102.4
2024-03	101.1
2024-02	103.1
2024-01	99.7
2023-12	101.1
2023-11	100.0
2023-10	103.0
2023-09	104.2
2023-08	102.3
2023-07	106.5
2023-06	106.7
2023-05	107.1
2023-04	110.6
2023-03	109.9
2023-02	110.4
2023-01	111.6
2022-12	110.2
2022-11	109.1
2022-10	109.6
2022-09	108.5
2022-08	109.5
2022-07	111.3
2022-06	109.3
2022-05	111.3
2022-04	112.7
2022-03	113.8
2022-02	114.6
2022-01	110.9
2021-12	110.5
2021-11	113.3
2021-10	112.7
2021-09	106.7
2021-08	108.4
2021-07	108.3
2021-06	106.8
2021-05	101.3
2021-04	92.1
2021-03	90.9
2021-02	84.0
2021-01	87.2
2020-12	83.8
2020-11	81.5
2020-10	89.5
2020-09	91.7
2020-08	88.9
2020-07	79.0
2020-06	68.4
2020-05	50.6
2020-04	42.0
2020-03	97.7
2020-02	105.9
2020-01	106.2
2019-12	107.7
2019-11	107.6
2019-10	107.3
2019-09	107.3
2019-08	108.1
2019-07	107.4
2019-06	108.3
2019-05	106.4
2019-04	108.9
2019-03	108.6
2019-02	108.4
2019-01	106.7
2018-12	105.5
2018-11	105.0
2018-10	107.6
2018-09	107.3
2018-08	108.5
2018-07	108.6
2018-06	109.9
2018-05	110.9
2018-04	110.4
2018-03	110.9
2018-02	109.6
2018-01	109.6
2017-12	108.7
2017-11	107.3
2017-10	108.2
2017-09	106.6
2017-08	106.2
2017-07	106.8
2017-06	107.5
2017-05	107.8
2017-04	107.3
2017-03	107.7
2017-02	104.5
2017-01	105.8
2016-12	106.5
2016-11	105.6
2016-10	104.9
2016-09	105.2
2016-08	102.5
2016-07	104.8
2016-06	101.1
2016-05	101.7
2016-04	99.7
2016-03	99.3
2016-02	100.5
2016-01	101.4
2015-12	100.6
2015-11	101.4
2015-10	99.6
2015-09	99.6
2015-08	100.2
2015-07	99.2
2015-06	98.8
2015-05	96.8
2015-04	96.7
2015-03	94.6
2015-02	95.2
2015-01	93.2
2014-12	94.1
2014-11	93.7
2014-10	93.7
2014-09	93.8
2014-08	93.6
2014-07	94.7
2014-06	94.7
2014-05	96.2
2014-04	97.0
2014-03	95.1
2014-02	93.6
2014-01	94.1
2013-12	93.8
2013-11	92.9
2013-10	93.7
2013-09	91.1
2013-08	90.4
2013-07	89.6
2013-06	88.6
2013-05	85.2
2013-04	86.5
2013-03	88.3
2013-02	88.9
2013-01	91.8
2012-12	89.4
2012-11	89.7
2012-10	91.3
2012-09	91.4
2012-08	93.1
2012-07	92.3
2012-06	93.5
2012-05	94.7
2012-04	97.8
2012-03	98.4
2012-02	97.4
2012-01	97.7
2011-12	98.5
2011-11	100.5
2011-10	99.7
2011-09	103.7
2011-08	105.3
2011-07	109.8
2011-06	111.3
2011-05	111.3
2011-04	109.1
2011-03	109.2
2011-02	110.6
2011-01	102.9
2010-12	105.6
2010-11	104.3
2010-10	102.9
2010-09	99.9
2010-08	98.3
2010-07	97.6
2010-06	97.6
2010-05	96.6
2010-04	95.1
2010-03	93.1
2010-02	90.7
2010-01	90.1
2009-12	88.5
2009-11	86.7
2009-10	84.4
2009-09	82.9
2009-08	84.2
2009-07	79.2
2009-06	75.1
2009-05	74.2
2009-04	74.6
2009-03	74.5
2009-02	79.1
2009-01	81.0
2008-12	84.1
2008-11	88.6
2008-10	95.8
2008-09	100.3
2008-08	101.4
2008-07	106.8
2008-06	104.7
2008-05	108.8
2008-04	113.2
2008-03	113.0
2008-02	114.5
2008-01	114.8
2007-12	114.8
2007-11	114.0
2007-10	112.6
2007-09	114.2
2007-08	113.6
2007-07	111.8
2007-06	113.7
2007-05	114.7
2007-04	112.1
2007-03	111.6
2007-02	112.3
2007-01	109.9
2006-12	112.2
2006-11	111.4
2006-10	110.0
2006-09	108.9
2006-08	110.1
2006-07	110.7
2006-06	111.5
2006-05	109.0
2006-04	108.4
2006-03	105.9
2006-02	105.2
2006-01	105.2

graphiqueFrench employment climate composite indicator

Revisions

The indicator of business climate in France for May has been revised downwards by one point (after rounding). These revisions are mainly due to the inclusion of late responses from companies. The other synthetic indicators of climate have not been revised (after rounding).

For further information

The business climate indicator summarises the information provided by the business tendency surveys in manufacturing, services, trade (retail and wholesale) and building construction. It is built from the 26 balances of opinion used in the build of the sectoral climates according to a dynamic approach, in order to include the bimonthly indicators of wholesale trade.

The employment indicator is based on the 10 balances of employment, past and expected, from the surveys in manufacturing, services, retail trade and building construction. The balances of opinion concerning employment in services that are used in the employment climate distinguish the services excluding temporary work employment sector from temporary work agencies. For the latter, the balances on past and expected workforce size are not weighted, unlike the other sectors.

The surveys in manufacturing industry, building construction, retail trade and trade and repair of vehicles and services are part of the Joint Harmonised EU Programme of Business and Consumer Surveys, partly funded by the European Commission.

The responses to these surveys were collected between 27 May and 18 June 2026; most companies answer during the first two weeks of collection.

Next issue: 23 July 2026 at 08:45 am.