Informations Rapides ·
23 July 2026 · n° 175
In July 2026, the business climate in manufacturing industry has slightly rebounded Monthly business survey (goods-producing industries) - July 2026
In July 2026, the business climate in manufacturing industry has slightly rebounded. At 101, the synthetic indicator has gained one point and has left its long-term average. This rebound is mainly explained by those in balances of opinion on past production and on global order books.
The seasonal coefficients as well as the parameters of the synthetic indicators have been updated in July 2026, as usual at this time of year. This has led to revisions to all the results previously released for this survey. Those revisions are minor and do not affect the interpretation of the economic assessment.
In July 2026, the business climate in manufacturing industry has slightly rebounded. At 101, the synthetic indicator has gained one point and has left its long-term average. This rebound is mainly explained by those in balances of opinion on past production and on global order books.
tableauBusiness climate in manufacturing - Composite indicator
| Business climate in manufacturing - Composite indicator | |
|---|---|
| 2026-07 | 101.3 |
| 2026-06 | 100.2 |
| 2026-05 | 102.2 |
| 2026-04 | 100.2 |
| 2026-03 | 99.8 |
| 2026-02 | 101.8 |
| 2026-01 | 105.0 |
| 2025-12 | 101.9 |
| 2025-11 | 98.2 |
| 2025-10 | 100.8 |
| 2025-09 | 96.9 |
| 2025-08 | 97.7 |
| 2025-07 | 96.0 |
| 2025-06 | 96.6 |
| 2025-05 | 97.1 |
| 2025-04 | 99.9 |
| 2025-03 | 96.8 |
| 2025-02 | 97.5 |
| 2025-01 | 95.6 |
| 2024-12 | 96.5 |
| 2024-11 | 96.3 |
| 2024-10 | 92.6 |
| 2024-09 | 98.5 |
| 2024-08 | 99.9 |
| 2024-07 | 96.1 |
| 2024-06 | 99.7 |
| 2024-05 | 99.8 |
| 2024-04 | 100.2 |
| 2024-03 | 102.9 |
| 2024-02 | 101.2 |
| 2024-01 | 99.3 |
| 2023-12 | 98.8 |
| 2023-11 | 99.0 |
| 2023-10 | 98.9 |
| 2023-09 | 97.9 |
| 2023-08 | 97.3 |
| 2023-07 | 101.5 |
| 2023-06 | 101.0 |
| 2023-05 | 99.3 |
| 2023-04 | 100.9 |
| 2023-03 | 103.6 |
| 2023-02 | 103.5 |
| 2023-01 | 102.6 |
| 2022-12 | 101.0 |
| 2022-11 | 101.6 |
| 2022-10 | 103.4 |
| 2022-09 | 101.7 |
| 2022-08 | 103.9 |
| 2022-07 | 106.0 |
| 2022-06 | 108.7 |
| 2022-05 | 107.4 |
| 2022-04 | 108.4 |
| 2022-03 | 107.8 |
| 2022-02 | 111.9 |
| 2022-01 | 112.8 |
| 2021-12 | 108.5 |
| 2021-11 | 110.2 |
| 2021-10 | 107.5 |
| 2021-09 | 106.4 |
| 2021-08 | 109.3 |
| 2021-07 | 109.3 |
| 2021-06 | 108.2 |
| 2021-05 | 107.3 |
| 2021-04 | 103.4 |
| 2021-03 | 98.0 |
| 2021-02 | 97.0 |
| 2021-01 | 95.6 |
| 2020-12 | 93.7 |
| 2020-11 | 91.3 |
| 2020-10 | 93.3 |
| 2020-09 | 93.0 |
| 2020-08 | 90.5 |
| 2020-07 | 80.6 |
| 2020-06 | 77.1 |
| 2020-05 | 70.4 |
| 2020-04 | 67.0 |
| 2020-03 | 97.7 |
| 2020-02 | 101.0 |
| 2020-01 | 102.8 |
| 2019-12 | 99.0 |
| 2019-11 | 102.5 |
| 2019-10 | 99.9 |
| 2019-09 | 102.0 |
| 2019-08 | 102.3 |
| 2019-07 | 101.0 |
| 2019-06 | 102.5 |
| 2019-05 | 104.1 |
| 2019-04 | 101.7 |
| 2019-03 | 103.7 |
| 2019-02 | 103.2 |
| 2019-01 | 103.3 |
| 2018-12 | 103.5 |
| 2018-11 | 105.2 |
| 2018-10 | 104.5 |
| 2018-09 | 107.5 |
| 2018-08 | 108.8 |
| 2018-07 | 108.7 |
| 2018-06 | 110.2 |
| 2018-05 | 110.3 |
| 2018-04 | 111.2 |
| 2018-03 | 111.1 |
| 2018-02 | 112.8 |
| 2018-01 | 113.9 |
| 2017-12 | 112.1 |
| 2017-11 | 111.8 |
| 2017-10 | 111.7 |
| 2017-09 | 111.4 |
| 2017-08 | 110.2 |
| 2017-07 | 108.9 |
| 2017-06 | 109.6 |
| 2017-05 | 108.6 |
| 2017-04 | 108.9 |
| 2017-03 | 105.6 |
| 2017-02 | 106.8 |
| 2017-01 | 105.9 |
| 2016-12 | 105.8 |
| 2016-11 | 102.2 |
| 2016-10 | 102.3 |
| 2016-09 | 103.5 |
| 2016-08 | 101.7 |
| 2016-07 | 101.9 |
| 2016-06 | 101.8 |
| 2016-05 | 104.3 |
| 2016-04 | 104.9 |
| 2016-03 | 102.8 |
| 2016-02 | 103.2 |
| 2016-01 | 103.1 |
| 2015-12 | 102.9 |
| 2015-11 | 102.3 |
| 2015-10 | 103.2 |
| 2015-09 | 104.6 |
| 2015-08 | 103.7 |
| 2015-07 | 101.5 |
| 2015-06 | 100.1 |
| 2015-05 | 101.5 |
| 2015-04 | 101.5 |
| 2015-03 | 99.1 |
| 2015-02 | 98.2 |
| 2015-01 | 98.6 |
| 2014-12 | 98.6 |
| 2014-11 | 98.8 |
| 2014-10 | 97.3 |
| 2014-09 | 96.8 |
| 2014-08 | 96.6 |
| 2014-07 | 96.1 |
| 2014-06 | 96.1 |
| 2014-05 | 98.0 |
| 2014-04 | 100.2 |
| 2014-03 | 100.6 |
| 2014-02 | 98.1 |
| 2014-01 | 99.6 |
| 2013-12 | 99.0 |
| 2013-11 | 97.8 |
| 2013-10 | 97.7 |
| 2013-09 | 95.7 |
| 2013-08 | 98.2 |
| 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 | 89.7 |
| 2012-12 | 90.5 |
| 2012-11 | 91.5 |
| 2012-10 | 86.7 |
| 2012-09 | 92.7 |
| 2012-08 | 92.7 |
| 2012-07 | 91.1 |
| 2012-06 | 93.0 |
| 2012-05 | 94.6 |
| 2012-04 | 95.5 |
| 2012-03 | 96.5 |
| 2012-02 | 94.9 |
| 2012-01 | 94.6 |
| 2011-12 | 94.6 |
| 2011-11 | 97.7 |
| 2011-10 | 97.4 |
| 2011-09 | 99.1 |
| 2011-08 | 101.3 |
| 2011-07 | 104.8 |
| 2011-06 | 109.8 |
| 2011-05 | 107.2 |
| 2011-04 | 110.2 |
| 2011-03 | 110.2 |
| 2011-02 | 106.4 |
| 2011-01 | 108.5 |
| 2010-12 | 103.9 |
| 2010-11 | 101.3 |
| 2010-10 | 103.4 |
| 2010-09 | 102.3 |
| 2010-08 | 99.6 |
| 2010-07 | 96.5 |
| 2010-06 | 94.7 |
| 2010-05 | 95.3 |
| 2010-04 | 93.7 |
| 2010-03 | 90.0 |
| 2010-02 | 87.3 |
| 2010-01 | 88.7 |
| 2009-12 | 85.8 |
| 2009-11 | 85.8 |
| 2009-10 | 83.7 |
| 2009-09 | 82.4 |
| 2009-08 | 79.6 |
| 2009-07 | 75.2 |
| 2009-06 | 73.4 |
| 2009-05 | 71.3 |
| 2009-04 | 69.9 |
| 2009-03 | 65.7 |
| 2009-02 | 67.9 |
| 2009-01 | 72.2 |
| 2008-12 | 72.4 |
| 2008-11 | 79.3 |
| 2008-10 | 87.0 |
| 2008-09 | 91.7 |
| 2008-08 | 98.3 |
| 2008-07 | 98.9 |
| 2008-06 | 103.7 |
| 2008-05 | 104.4 |
| 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 | 111.6 |
| 2007-07 | 112.2 |
| 2007-06 | 111.9 |
| 2007-05 | 110.6 |
| 2007-04 | 112.5 |
| 2007-03 | 111.9 |
| 2007-02 | 112.2 |
| 2007-01 | 108.5 |
| 2006-12 | 109.4 |
| 2006-11 | 109.9 |
| 2006-10 | 107.5 |
| 2006-09 | 108.5 |
| 2006-08 | 109.0 |
| 2006-07 | 109.5 |
| 2006-06 | 108.9 |
| 2006-05 | 109.3 |
| 2006-04 | 108.1 |
| 2006-03 | 106.6 |
| 2006-02 | 106.8 |
| 2006-01 | 103.3 |
graphiqueBusiness climate in manufacturing - Composite indicator
- Source: INSEE – monthly business tendency survey in industry.
tableauIndustrialists’ opinion on manufacturing industry
| Manufacturing industry | Ave.* | Apr-26 | May-26 | Jun-26 | Jul-26 |
|---|---|---|---|---|---|
| Business climate | 100 | 100 | 102 | 100 | 101 |
| Past production | 4 | 3 | 12 | 3 | 7 |
| Finished-goods inventory | 12 | 14 | 13 | 16 | 10 |
| Overall order books | -18 | -15 | -13 | -14 | -12 |
| Foreign order books | -14 | -12 | -10 | -12 | -12 |
| Past workforce size | -8 | -3 | -2 | -1 | 0 |
| Expected workforce size | -9 | 0 | -2 | 0 | -3 |
| Personal production prospects | 6 | 5 | 5 | 3 | -1 |
| General production prospects | -8 | -17 | -16 | -15 | -10 |
| Expected trend in selling prices | 4 | 18 | 21 | 20 | 9 |
| Economic uncertainty felt** | 29 | 37 | 37 | 31 | 30 |
- * 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 past production and to global order books have rebounded
In July 2026, the balance of opinion associated with the change in past production has rebounded and has moved back above its long-term average. The one relating to personal production prospects has decreased again, moved away from its average and reached its lowest level since August 2025. The balance associated with general production prospects in the industry has increased for the third consecutive month and has moved closer to its average. The balance on economic uncertainty felt by business leaders has declined again, more slightly, and remains just above its own.
The balance of opinion associated with the level of global order books has rebounded, the one associated with the level of foreign order books is stable: both stand above its average.
The balance of opinion on the current level of finished goods inventories has strongly fallen back and has moved back below its average.
The balance of opinion relating to the past evolution of workforce size has slightly increased for the third consecutive month, the one associated with the expected evolution has fallen back: both stand above its average.
The balance of opinion associated with the expected trend in selling prices over the next three months has decreased again, very strongly this month after having reached a peak on May, but it remains above its average. This decline concerns the manufacturing of food products and beverages, machinery and equipment goods and, is more marked in “other industries”.
The share of companies reporting being limited in their production by workforce shortage has slightly diminished and has returned to its average. The share of those reporting sourcing difficulties as a limiting factor to their production has resumed its upward trend that began around a year ago, it has moved away from its own and reached its highest level since September 2023. Overall, the proportion of companies declaring supply-side obstacles only has increased again, strongly this month: at 32%, it stands well above its average and it has reached a level unobserved since November 2023. The proportion of companies reporting obstacles linked to demand only is stable: at 23%, it stands well below its average. Finally, the share of companies reporting obstacles linked both to supply and demand has decreased again and has left its average.
tableauExpected trend in selling prices
| Expected trend in selling prices | |
|---|---|
| 2026-07 | 8.6 |
| 2026-06 | 20.1 |
| 2026-05 | 21.4 |
| 2026-04 | 18.2 |
| 2026-03 | 9.1 |
| 2026-02 | 4.4 |
| 2026-01 | 1.9 |
| 2025-12 | 2.5 |
| 2025-11 | 3.3 |
| 2025-10 | 4.2 |
| 2025-09 | 2.6 |
| 2025-08 | 3.3 |
| 2025-07 | 5.5 |
| 2025-06 | 5.4 |
| 2025-05 | 6.2 |
| 2025-04 | 5.2 |
| 2025-03 | 7.1 |
| 2025-02 | 7.9 |
| 2025-01 | 10.3 |
| 2024-12 | 4.3 |
| 2024-11 | 4.3 |
| 2024-10 | 5.3 |
| 2024-09 | 0.5 |
| 2024-08 | 2.3 |
| 2024-07 | 3.5 |
| 2024-06 | 3.2 |
| 2024-05 | 1.8 |
| 2024-04 | 3.1 |
| 2024-03 | -0.3 |
| 2024-02 | 0.5 |
| 2024-01 | 0.9 |
| 2023-12 | -1.8 |
| 2023-11 | -0.8 |
| 2023-10 | -2.8 |
| 2023-09 | 3.0 |
| 2023-08 | 2.6 |
| 2023-07 | 5.5 |
| 2023-06 | 3.6 |
| 2023-05 | 1.5 |
| 2023-04 | 12.7 |
| 2023-03 | 26.0 |
| 2023-02 | 28.2 |
| 2023-01 | 34.4 |
| 2022-12 | 44.2 |
| 2022-11 | 38.0 |
| 2022-10 | 33.5 |
| 2022-09 | 38.6 |
| 2022-08 | 42.3 |
| 2022-07 | 36.7 |
| 2022-06 | 52.0 |
| 2022-05 | 53.4 |
| 2022-04 | 45.4 |
| 2022-03 | 51.9 |
| 2022-02 | 44.3 |
| 2022-01 | 34.1 |
| 2021-12 | 47.4 |
| 2021-11 | 46.8 |
| 2021-10 | 29.7 |
| 2021-09 | 28.4 |
| 2021-08 | 28.2 |
| 2021-07 | 26.1 |
| 2021-06 | 29.0 |
| 2021-05 | 23.4 |
| 2021-04 | 18.7 |
| 2021-03 | 15.4 |
| 2021-02 | 12.5 |
| 2021-01 | 2.9 |
| 2020-12 | 6.2 |
| 2020-11 | 5.5 |
| 2020-10 | 5.9 |
| 2020-09 | -3.3 |
| 2020-08 | -0.8 |
| 2020-07 | 0.1 |
| 2020-06 | -2.8 |
| 2020-05 | -8.0 |
| 2020-04 | -6.5 |
| 2020-03 | 0.3 |
| 2020-02 | 0.6 |
| 2020-01 | 3.3 |
| 2019-12 | -0.8 |
| 2019-11 | -1.2 |
| 2019-10 | 2.1 |
| 2019-09 | 3.4 |
| 2019-08 | 3.2 |
| 2019-07 | -0.5 |
| 2019-06 | 1.3 |
| 2019-05 | 7.8 |
| 2019-04 | 11.0 |
| 2019-03 | 3.0 |
| 2019-02 | 8.5 |
| 2019-01 | 8.2 |
| 2018-12 | 3.5 |
| 2018-11 | 11.1 |
| 2018-10 | 10.3 |
| 2018-09 | 8.0 |
| 2018-08 | 8.1 |
| 2018-07 | 5.3 |
| 2018-06 | 8.4 |
| 2018-05 | 10.7 |
| 2018-04 | 5.6 |
| 2018-03 | 10.2 |
| 2018-02 | 9.9 |
| 2018-01 | 8.7 |
| 2017-12 | 7.2 |
| 2017-11 | 10.8 |
| 2017-10 | 3.6 |
| 2017-09 | 9.7 |
| 2017-08 | 3.7 |
| 2017-07 | 4.8 |
| 2017-06 | 4.5 |
| 2017-05 | 5.6 |
| 2017-04 | 5.0 |
| 2017-03 | 0.7 |
| 2017-02 | 4.1 |
| 2017-01 | 3.0 |
| 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 – monthly business tendency survey in industry.
tableauShare of companies declaring obstacles limiting their production*
| Manufacturing industry | Ave.** | Apr-26 | May-26 | Jun-26 | Jul-26 |
|---|---|---|---|---|---|
| Difficulties of supply and demand | 9 | 9 | 10 | 9 | 7 |
| Sourcing difficulties | 11 | 17 | 19 | 19 | 22 |
| Workforce shortage | 9 | 9 | 10 | 10 | 9 |
| Difficulties of supply only | 22 | 29 | 26 | 27 | 32 |
| Difficulties of demand only | 39 | 24 | 21 | 23 | 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.
Except in “other manufacturing” where it is stable, the business climate has brightened in all of the sub-sectors of the industry
In July 2026, the business climate indicator in the manufacturing of food products and beverages has rebounded. At 99, it has moved closer to its long-term average (100). This rebound mainly comes from the rebound 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 anew. At 106, it has moved away from its long-term average (100) and has reached its highest level since July 2023. This increase mainly comes from the rebound in the balances of opinion relating to order books, particularly foreign ones. The synthetic indicator has improved in each of its three sub-sectors but more strongly in the manufacturing of machinery and equipment where it has moved back to its average that it hadn't reached since September 2023. The climate has also reached its highest level since July 2023 in the manufacturing of computer, electronic and optical products, far above its average.
In the manufacturing of transport equipment, the business climate indicator has rebounded. At 103, it has deviated from its long-term average (100). It has increased both in the sub-sector of “motor vehicles, trailers and semi-trailers”, where it has moved closer to its average, and in “other transport equipment”, where it has moved away from its own.
Finally, the business climate indicator in “other manufacturing” is stable. At 99, it stands just below its long-term average (100). At the sub-sector level, the indicator has significantly increased in "textiles, clothing industries, leather and footwear industry" and in "wood, paper, printing", where it has reached levels unobserved respectively since August 2023 et July 2022, significantly above its average. On the contrary, it has decreased, slightly, in "chemicals and chemical products", "rubber, plastic and other mineral products" and in "basic metals and fabricated metals products": in those three sectors, it stands below its average.
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 | |
|---|---|---|---|---|
| 2026-07 | 98.8 | 106.4 | 103.5 | 98.8 |
| 2026-06 | 95.8 | 103.8 | 101.5 | 99.1 |
| 2026-05 | 99.0 | 104.3 | 102.5 | 101.4 |
| 2026-04 | 97.2 | 103.7 | 101.6 | 98.6 |
| 2026-03 | 95.2 | 102.2 | 101.9 | 99.0 |
| 2026-02 | 93.5 | 100.8 | 109.3 | 97.9 |
| 2026-01 | 95.0 | 99.1 | 111.6 | 100.1 |
| 2025-12 | 93.4 | 105.0 | 109.1 | 96.3 |
| 2025-11 | 94.4 | 103.3 | 100.1 | 96.7 |
| 2025-10 | 91.3 | 105.3 | 110.5 | 96.0 |
| 2025-09 | 96.9 | 101.5 | 99.3 | 95.3 |
| 2025-08 | 94.2 | 97.5 | 103.8 | 95.6 |
| 2025-07 | 97.5 | 99.2 | 100.8 | 94.4 |
| 2025-06 | 97.3 | 100.4 | 101.1 | 93.9 |
| 2025-05 | 94.5 | 101.5 | 100.2 | 95.2 |
| 2025-04 | 96.9 | 99.0 | 104.5 | 95.1 |
| 2025-03 | 96.2 | 99.1 | 97.0 | 95.1 |
| 2025-02 | 98.6 | 96.2 | 101.7 | 94.9 |
| 2025-01 | 96.6 | 95.2 | 98.6 | 94.2 |
| 2024-12 | 97.8 | 96.6 | 107.7 | 92.7 |
| 2024-11 | 96.2 | 96.9 | 100.8 | 93.5 |
| 2024-10 | 95.9 | 95.8 | 96.1 | 93.3 |
| 2024-09 | 94.4 | 97.8 | 110.0 | 93.4 |
| 2024-08 | 97.7 | 96.0 | 111.2 | 95.2 |
| 2024-07 | 91.4 | 97.6 | 101.2 | 94.7 |
| 2024-06 | 92.1 | 98.6 | 110.8 | 95.6 |
| 2024-05 | 90.8 | 98.8 | 109.5 | 97.3 |
| 2024-04 | 91.6 | 96.7 | 111.5 | 96.1 |
| 2024-03 | 91.6 | 102.3 | 113.1 | 96.8 |
| 2024-02 | 87.7 | 98.5 | 111.6 | 96.7 |
| 2024-01 | 86.5 | 100.0 | 112.8 | 94.0 |
| 2023-12 | 86.0 | 98.6 | 109.1 | 94.8 |
| 2023-11 | 85.0 | 104.0 | 110.2 | 93.8 |
| 2023-10 | 84.7 | 101.1 | 112.7 | 93.9 |
| 2023-09 | 87.5 | 104.2 | 102.4 | 95.3 |
| 2023-08 | 88.0 | 102.6 | 103.4 | 95.3 |
| 2023-07 | 91.1 | 107.0 | 112.8 | 95.1 |
| 2023-06 | 87.0 | 105.5 | 105.7 | 95.2 |
| 2023-05 | 92.8 | 106.0 | 103.6 | 95.5 |
| 2023-04 | 93.2 | 109.7 | 103.3 | 98.1 |
| 2023-03 | 98.7 | 111.7 | 103.7 | 99.2 |
| 2023-02 | 102.4 | 109.8 | 104.5 | 96.8 |
| 2023-01 | 101.1 | 112.3 | 103.1 | 96.5 |
| 2022-12 | 100.4 | 112.2 | 99.4 | 95.5 |
| 2022-11 | 104.1 | 111.3 | 102.4 | 95.5 |
| 2022-10 | 109.0 | 114.2 | 104.4 | 96.2 |
| 2022-09 | 107.2 | 111.4 | 98.0 | 98.2 |
| 2022-08 | 107.8 | 113.5 | 99.8 | 100.1 |
| 2022-07 | 106.8 | 113.3 | 105.7 | 102.3 |
| 2022-06 | 108.0 | 112.5 | 102.2 | 106.5 |
| 2022-05 | 107.5 | 112.1 | 101.4 | 105.7 |
| 2022-04 | 108.7 | 113.4 | 102.1 | 109.4 |
| 2022-03 | 111.2 | 112.2 | 100.0 | 108.5 |
| 2022-02 | 111.4 | 114.7 | 104.9 | 112.3 |
| 2022-01 | 112.9 | 116.8 | 104.6 | 111.0 |
| 2021-12 | 118.2 | 116.5 | 87.8 | 112.2 |
| 2021-11 | 115.2 | 117.0 | 96.1 | 113.9 |
| 2021-10 | 114.1 | 116.1 | 89.8 | 111.3 |
| 2021-09 | 109.7 | 116.1 | 87.7 | 113.1 |
| 2021-08 | 111.6 | 120.1 | 91.7 | 113.8 |
| 2021-07 | 114.1 | 115.4 | 91.6 | 115.6 |
| 2021-06 | 117.4 | 115.5 | 90.2 | 111.6 |
| 2021-05 | 116.5 | 112.0 | 89.4 | 111.2 |
| 2021-04 | 105.1 | 112.6 | 88.6 | 107.9 |
| 2021-03 | 101.1 | 105.9 | 83.0 | 104.5 |
| 2021-02 | 95.0 | 104.6 | 89.7 | 101.8 |
| 2021-01 | 92.1 | 103.4 | 87.1 | 100.6 |
| 2020-12 | 91.0 | 94.5 | 86.3 | 101.6 |
| 2020-11 | 92.7 | 90.8 | 89.1 | 94.7 |
| 2020-10 | 95.0 | 92.5 | 90.7 | 94.9 |
| 2020-09 | 102.7 | 89.5 | 90.9 | 92.4 |
| 2020-08 | 96.7 | 89.6 | 90.0 | 87.9 |
| 2020-07 | 87.9 | 84.7 | 78.9 | 81.2 |
| 2020-06 | 91.4 | 78.6 | 76.0 | 78.6 |
| 2020-05 | 91.6 | 76.7 | 75.2 | 73.8 |
| 2020-04 | 92.8 | 76.4 | 73.4 | 72.6 |
| 2020-03 | 108.9 | 98.0 | 95.5 | 97.4 |
| 2020-02 | 108.5 | 98.5 | 100.8 | 100.6 |
| 2020-01 | 108.7 | 99.9 | 106.6 | 99.3 |
| 2019-12 | 109.5 | 96.7 | 99.3 | 97.7 |
| 2019-11 | 104.4 | 98.0 | 106.6 | 101.0 |
| 2019-10 | 106.5 | 96.1 | 100.8 | 99.1 |
| 2019-09 | 108.4 | 99.6 | 101.5 | 101.7 |
| 2019-08 | 108.7 | 99.4 | 101.3 | 102.2 |
| 2019-07 | 103.0 | 103.1 | 99.1 | 100.8 |
| 2019-06 | 109.3 | 98.5 | 100.8 | 101.5 |
| 2019-05 | 111.1 | 104.5 | 102.5 | 102.8 |
| 2019-04 | 106.6 | 100.9 | 101.9 | 101.1 |
| 2019-03 | 108.2 | 100.1 | 103.1 | 101.7 |
| 2019-02 | 108.7 | 104.0 | 100.3 | 101.5 |
| 2019-01 | 108.5 | 102.6 | 102.4 | 102.1 |
| 2018-12 | 109.5 | 102.3 | 101.6 | 102.4 |
| 2018-11 | 108.9 | 102.0 | 103.9 | 102.8 |
| 2018-10 | 103.2 | 106.6 | 103.3 | 103.0 |
| 2018-09 | 107.8 | 107.7 | 104.7 | 105.4 |
| 2018-08 | 107.8 | 107.5 | 106.0 | 106.3 |
| 2018-07 | 107.6 | 108.0 | 105.9 | 107.2 |
| 2018-06 | 109.9 | 107.2 | 110.3 | 106.5 |
| 2018-05 | 108.3 | 111.4 | 108.9 | 108.4 |
| 2018-04 | 110.0 | 109.3 | 113.7 | 108.2 |
| 2018-03 | 109.5 | 109.2 | 112.4 | 109.9 |
| 2018-02 | 110.5 | 109.9 | 112.6 | 110.5 |
| 2018-01 | 111.5 | 111.8 | 112.6 | 111.4 |
| 2017-12 | 112.5 | 110.9 | 110.1 | 111.0 |
| 2017-11 | 112.3 | 109.8 | 108.9 | 111.3 |
| 2017-10 | 112.4 | 109.4 | 108.1 | 110.9 |
| 2017-09 | 107.1 | 107.7 | 109.7 | 109.2 |
| 2017-08 | 108.8 | 106.2 | 108.3 | 108.8 |
| 2017-07 | 109.7 | 108.5 | 108.3 | 107.7 |
| 2017-06 | 112.2 | 108.0 | 104.8 | 109.3 |
| 2017-05 | 106.0 | 108.8 | 105.2 | 107.5 |
| 2017-04 | 105.4 | 106.7 | 105.7 | 108.4 |
| 2017-03 | 104.4 | 103.9 | 105.2 | 105.1 |
| 2017-02 | 105.8 | 103.2 | 106.0 | 106.6 |
| 2017-01 | 104.0 | 101.8 | 106.0 | 105.7 |
| 2016-12 | 108.9 | 103.1 | 104.4 | 105.1 |
| 2016-11 | 108.3 | 99.4 | 101.5 | 101.7 |
| 2016-10 | 107.1 | 97.2 | 105.8 | 101.4 |
| 2016-09 | 109.6 | 98.5 | 105.1 | 100.6 |
| 2016-08 | 99.7 | 98.2 | 104.1 | 101.6 |
| 2016-07 | 104.9 | 97.4 | 105.4 | 101.9 |
| 2016-06 | 103.5 | 97.1 | 106.0 | 101.7 |
| 2016-05 | 103.7 | 97.0 | 105.6 | 104.1 |
| 2016-04 | 106.4 | 99.9 | 109.2 | 101.4 |
| 2016-03 | 101.9 | 99.2 | 105.7 | 101.3 |
| 2016-02 | 100.5 | 100.8 | 109.3 | 100.0 |
| 2016-01 | 101.9 | 100.7 | 108.1 | 99.6 |
| 2015-12 | 100.3 | 98.1 | 108.1 | 101.9 |
| 2015-11 | 102.8 | 99.7 | 107.7 | 99.6 |
| 2015-10 | 104.7 | 98.0 | 108.3 | 100.0 |
| 2015-09 | 105.9 | 95.9 | 109.4 | 102.8 |
| 2015-08 | 103.5 | 97.1 | 108.7 | 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 | 94.2 | 105.1 | 100.3 |
| 2015-02 | 99.8 | 94.8 | 100.1 | 100.4 |
| 2015-01 | 103.6 | 93.0 | 101.0 | 99.9 |
| 2014-12 | 99.5 | 91.7 | 99.1 | 100.3 |
| 2014-11 | 96.3 | 91.8 | 99.7 | 99.9 |
| 2014-10 | 95.8 | 92.3 | 96.7 | 98.6 |
| 2014-09 | 94.5 | 91.9 | 101.0 | 97.3 |
| 2014-08 | 96.0 | 93.2 | 97.3 | 100.7 |
| 2014-07 | 97.5 | 88.7 | 97.9 | 99.2 |
| 2014-06 | 95.8 | 91.4 | 97.1 | 98.6 |
| 2014-05 | 98.5 | 93.5 | 97.0 | 99.6 |
| 2014-04 | 96.1 | 92.7 | 102.1 | 100.3 |
| 2014-03 | 100.0 | 92.6 | 100.2 | 102.6 |
| 2014-02 | 99.5 | 93.5 | 97.8 | 98.4 |
| 2014-01 | 99.6 | 90.8 | 101.3 | 98.8 |
| 2013-12 | 98.4 | 91.7 | 98.9 | 99.3 |
| 2013-11 | 98.4 | 91.8 | 102.0 | 98.8 |
| 2013-10 | 95.7 | 89.8 | 103.3 | 97.7 |
| 2013-09 | 95.1 | 89.6 | 97.0 | 97.2 |
| 2013-08 | 95.7 | 91.1 | 100.8 | 97.1 |
| 2013-07 | 92.6 | 89.2 | 98.2 | 94.9 |
| 2013-06 | 92.8 | 88.8 | 94.1 | 93.1 |
| 2013-05 | 91.5 | 88.9 | 94.5 | 91.7 |
| 2013-04 | 91.7 | 89.2 | 92.3 | 89.0 |
| 2013-03 | 94.0 | 88.5 | 93.0 | 91.1 |
| 2013-02 | 98.1 | 88.5 | 94.3 | 90.0 |
| 2013-01 | 97.8 | 87.6 | 93.1 | 91.2 |
| 2012-12 | 98.9 | 87.1 | 92.1 | 91.7 |
| 2012-11 | 98.4 | 87.0 | 92.7 | 92.1 |
| 2012-10 | 91.0 | 85.9 | 96.2 | 89.2 |
| 2012-09 | 97.0 | 90.8 | 98.1 | 93.6 |
| 2012-08 | 94.0 | 90.0 | 95.1 | 93.5 |
| 2012-07 | 94.7 | 90.6 | 95.7 | 92.2 |
| 2012-06 | 95.1 | 90.7 | 95.4 | 93.6 |
| 2012-05 | 93.4 | 94.8 | 95.0 | 95.9 |
| 2012-04 | 99.4 | 95.5 | 94.4 | 97.8 |
| 2012-03 | 102.9 | 96.3 | 103.4 | 97.2 |
| 2012-02 | 100.8 | 96.1 | 93.3 | 95.9 |
| 2012-01 | 100.1 | 96.1 | 94.4 | 94.0 |
| 2011-12 | 98.8 | 95.9 | 99.8 | 94.5 |
| 2011-11 | 102.4 | 96.0 | 102.8 | 94.2 |
| 2011-10 | 104.7 | 98.3 | 100.1 | 96.4 |
| 2011-09 | 102.2 | 99.5 | 98.0 | 98.2 |
| 2011-08 | 103.9 | 100.3 | 101.6 | 100.5 |
| 2011-07 | 112.0 | 102.3 | 103.2 | 105.2 |
| 2011-06 | 108.9 | 104.0 | 109.2 | 109.2 |
| 2011-05 | 110.2 | 103.0 | 104.7 | 108.0 |
| 2011-04 | 109.4 | 104.5 | 105.7 | 110.4 |
| 2011-03 | 107.0 | 106.3 | 106.1 | 110.1 |
| 2011-02 | 107.6 | 101.5 | 98.0 | 108.8 |
| 2011-01 | 109.3 | 103.7 | 104.6 | 105.5 |
graphiqueBusiness climates in a sector-based approach
- Source: INSEE – monthly business tendency survey in industry.
tableauBusiness climates in a sector-based approach
| NA* : (A17) and [A38 and A64] | Weights** (%) | May-26 | Jun-26 | Jul-26 |
|---|---|---|---|---|
| (C1) Man. of food products and beverages | 20 | 99 | 96 | 99 |
| (C3) Machinery and equipment goods | 11 | 104 | 104 | 106 |
| [CI] Computer, electronic and optical products | 4 | 115 | 116 | 118 |
| [CJ] Electrical equipment | 3 | 105 | 100 | 101 |
| [CK] Machinery and equipment | 5 | 95 | 96 | 100 |
| (C4) Man. of transport equipment | 19 | 103 | 101 | 103 |
| [CL1] Motor vehicles, trailers and semi-trailers | 9 | 98 | 98 | 99 |
| [CL2] Other transport equipment | 10 | 104 | 103 | 104 |
| (C5) Other manufacturing | 45 | 101 | 99 | 99 |
| [CB] Textiles, clothing industries, leather and footwear industry | 2 | 105 | 101 | 107 |
| [CC] Wood, paper, printing | 4 | 100 | 100 | 105 |
| [CE] Chemicals and chemical products | 8 | 97 | 94 | 93 |
| [CG] Rubber, plastic and other mineral products | 7 | 102 | 98 | 97 |
| [CH] Basic metals and fabricated metal products | 11 | 98 | 99 | 98 |
| [CM] Other manufacturing industries / Manufacture of other industrial products | 10 | 106 | 104 | 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 June 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 25 June and 20 July 2026: most companies answer during the first two weeks of collection.
Additional information (methodology, links, etc.) is available on the “Documentation” tab.
Next issue: 21 August 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 25 June and 20 July 2026: most companies answer during the first two weeks of collection.
Additional information (methodology, links, etc.) is available on the “Documentation” tab.
Next issue: 21 August 2026 at 8:45 am.