Informations Rapides ·
21 August 2026 · n° 197
In August 2026, the business climate has improved again Business indicator - August 2026
In August 2026, the synthetic indicator of business climate, calculated from the responses of the business managers from the main market sectors has won one point. At 98, it has increased for the third month in a row and has come closer to its average level (100). The employment climate indicator is stable, at 99.
In August 2026, the synthetic indicator of business climate, calculated from the responses of the business managers from the main market sectors has won one point. At 98, it has increased for the third month in a row and has come closer to its average level (100). The employment climate indicator is stable, at 99.
In August 2026, the business climate indicator has won one point
In August 2026, the synthetic indicator of business climate in France has won one point. At 98, it has increased for the third month in a row. The business climate indicator has increased again in retail trade and manufacturing industry, and more slightly in services. It is stable in building construction.
tableauFrench business climate composite indicator
| French business climate composite indicator | |
|---|---|
| 2026-08 | 98.1 |
| 2026-07 | 97.3 |
| 2026-06 | 95.0 |
| 2026-05 | 93.9 |
| 2026-04 | 94.1 |
| 2026-03 | 97.5 |
| 2026-02 | 98.6 |
| 2026-01 | 99.2 |
| 2025-12 | 98.4 |
| 2025-11 | 97.5 |
| 2025-10 | 97.3 |
| 2025-09 | 96.3 |
| 2025-08 | 96.7 |
| 2025-07 | 96.0 |
| 2025-06 | 96.0 |
| 2025-05 | 95.6 |
| 2025-04 | 96.7 |
| 2025-03 | 96.6 |
| 2025-02 | 95.8 |
| 2025-01 | 95.2 |
| 2024-12 | 94.7 |
| 2024-11 | 96.0 |
| 2024-10 | 97.7 |
| 2024-09 | 97.7 |
| 2024-08 | 97.1 |
| 2024-07 | 94.5 |
| 2024-06 | 99.7 |
| 2024-05 | 100.0 |
| 2024-04 | 99.6 |
| 2024-03 | 100.2 |
| 2024-02 | 98.7 |
| 2024-01 | 99.2 |
| 2023-12 | 98.7 |
| 2023-11 | 98.1 |
| 2023-10 | 99.1 |
| 2023-09 | 100.0 |
| 2023-08 | 100.5 |
| 2023-07 | 100.8 |
| 2023-06 | 100.9 |
| 2023-05 | 100.8 |
| 2023-04 | 103.4 |
| 2023-03 | 103.0 |
| 2023-02 | 103.3 |
| 2023-01 | 102.6 |
| 2022-12 | 103.3 |
| 2022-11 | 102.8 |
| 2022-10 | 103.1 |
| 2022-09 | 102.3 |
| 2022-08 | 104.2 |
| 2022-07 | 103.7 |
| 2022-06 | 104.9 |
| 2022-05 | 106.5 |
| 2022-04 | 107.0 |
| 2022-03 | 107.4 |
| 2022-02 | 113.9 |
| 2022-01 | 108.8 |
| 2021-12 | 110.5 |
| 2021-11 | 115.2 |
| 2021-10 | 114.5 |
| 2021-09 | 112.1 |
| 2021-08 | 111.3 |
| 2021-07 | 113.7 |
| 2021-06 | 115.9 |
| 2021-05 | 111.2 |
| 2021-04 | 97.0 |
| 2021-03 | 98.1 |
| 2021-02 | 90.7 |
| 2021-01 | 93.9 |
| 2020-12 | 92.9 |
| 2020-11 | 77.5 |
| 2020-10 | 90.1 |
| 2020-09 | 93.6 |
| 2020-08 | 94.3 |
| 2020-07 | 90.8 |
| 2020-06 | 84.8 |
| 2020-05 | 58.4 |
| 2020-04 | 45.4 |
| 2020-03 | 93.8 |
| 2020-02 | 106.1 |
| 2020-01 | 106.7 |
| 2019-12 | 106.7 |
| 2019-11 | 107.0 |
| 2019-10 | 106.9 |
| 2019-09 | 106.9 |
| 2019-08 | 106.3 |
| 2019-07 | 106.2 |
| 2019-06 | 107.1 |
| 2019-05 | 107.3 |
| 2019-04 | 107.5 |
| 2019-03 | 106.4 |
| 2019-02 | 104.7 |
| 2019-01 | 104.5 |
| 2018-12 | 103.8 |
| 2018-11 | 106.9 |
| 2018-10 | 106.5 |
| 2018-09 | 107.4 |
| 2018-08 | 107.8 |
| 2018-07 | 108.2 |
| 2018-06 | 109.1 |
| 2018-05 | 109.7 |
| 2018-04 | 111.5 |
| 2018-03 | 111.9 |
| 2018-02 | 112.0 |
| 2018-01 | 113.0 |
| 2017-12 | 113.5 |
| 2017-11 | 112.2 |
| 2017-10 | 111.1 |
| 2017-09 | 111.2 |
| 2017-08 | 110.7 |
| 2017-07 | 109.9 |
| 2017-06 | 108.9 |
| 2017-05 | 107.9 |
| 2017-04 | 107.5 |
| 2017-03 | 106.7 |
| 2017-02 | 107.1 |
| 2017-01 | 106.2 |
| 2016-12 | 106.3 |
| 2016-11 | 103.9 |
| 2016-10 | 103.8 |
| 2016-09 | 103.7 |
| 2016-08 | 103.6 |
| 2016-07 | 104.0 |
| 2016-06 | 103.2 |
| 2016-05 | 104.6 |
| 2016-04 | 102.5 |
| 2016-03 | 103.2 |
| 2016-02 | 103.3 |
| 2016-01 | 104.4 |
| 2015-12 | 101.8 |
| 2015-11 | 103.3 |
| 2015-10 | 103.2 |
| 2015-09 | 102.4 |
| 2015-08 | 103.2 |
| 2015-07 | 101.4 |
| 2015-06 | 100.9 |
| 2015-05 | 99.8 |
| 2015-04 | 98.7 |
| 2015-03 | 97.1 |
| 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 | 96.4 |
| 2014-03 | 96.5 |
| 2014-02 | 95.3 |
| 2014-01 | 95.7 |
| 2013-12 | 94.3 |
| 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 | 91.6 |
| 2012-05 | 92.9 |
| 2012-04 | 97.3 |
| 2012-03 | 95.4 |
| 2012-02 | 92.8 |
| 2012-01 | 92.8 |
| 2011-12 | 94.3 |
| 2011-11 | 95.5 |
| 2011-10 | 97.6 |
| 2011-09 | 98.6 |
| 2011-08 | 101.4 |
| 2011-07 | 106.6 |
| 2011-06 | 108.1 |
| 2011-05 | 108.4 |
| 2011-04 | 109.1 |
| 2011-03 | 110.1 |
| 2011-02 | 109.5 |
| 2011-01 | 108.3 |
| 2010-12 | 107.4 |
| 2010-11 | 105.7 |
| 2010-10 | 104.9 |
| 2010-09 | 103.0 |
| 2010-08 | 100.9 |
| 2010-07 | 98.7 |
| 2010-06 | 96.9 |
| 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 | 82.9 |
| 2009-07 | 79.7 |
| 2009-06 | 77.5 |
| 2009-05 | 73.9 |
| 2009-04 | 70.7 |
| 2009-03 | 68.9 |
| 2009-02 | 72.6 |
| 2009-01 | 74.4 |
| 2008-12 | 76.1 |
| 2008-11 | 79.1 |
| 2008-10 | 82.7 |
| 2008-09 | 92.4 |
| 2008-08 | 94.8 |
| 2008-07 | 96.1 |
| 2008-06 | 99.9 |
| 2008-05 | 103.4 |
| 2008-04 | 106.1 |
| 2008-03 | 108.5 |
| 2008-02 | 108.6 |
| 2008-01 | 109.7 |
| 2007-12 | 110.3 |
| 2007-11 | 110.5 |
| 2007-10 | 110.3 |
| 2007-09 | 111.6 |
| 2007-08 | 112.3 |
| 2007-07 | 113.4 |
| 2007-06 | 114.2 |
| 2007-05 | 113.2 |
| 2007-04 | 112.9 |
| 2007-03 | 112.3 |
| 2007-02 | 111.9 |
| 2007-01 | 110.1 |
| 2006-12 | 110.1 |
| 2006-11 | 111.7 |
| 2006-10 | 109.9 |
| 2006-09 | 109.8 |
| 2006-08 | 109.2 |
| 2006-07 | 108.7 |
| 2006-06 | 106.6 |
| 2006-05 | 107.0 |
| 2006-04 | 105.2 |
| 2006-03 | 104.6 |
| 2006-02 | 104.2 |
| 2006-01 | 106.6 |
graphiqueFrench business climate composite indicator
- Source: INSEE – business tendency surveys.
In August 2026, the business climate has brightened again in retail trade and trade and repair of motor vehicles. At 99, the synthetic indicator has gained three points and has almost reached its long-term average (100). This improvement results from the increase in the balances related to ordering intentions and past sales.
The business climate has improved again in manufacturing industry. At 103, the synthetic indicator has gained two points and has moved away from its long-term average (100). This increase is mainly explained by the increase in the balance of opinion on personal production prospects.
The business climate in services has slightly brightened again. At 100, the indicator that synthesises it has won one point, increasing for the third month in a row and has reached its long-term average (100). The balances related to activity (past and future) and to expected demand have increased.
Lastly, the business climate in building construction is stable. At 96, the synthetic indicator stands below its long-term average (100). The business leaders' opinion on their future activity has rebounded, whereas the one on past activity is stable.
tableauBusiness and employment climates
| Apr. 26 | May 26 | June 26 | July 26 | Aug. 26 | |
|---|---|---|---|---|---|
| Business climates | |||||
| France | 94 | 94 | 95 | 97 | 98 |
| Manufacturing industry | 100 | 102 | 100 | 101 | 103 |
| Building construction | 96 | 96 | 95 | 96 | 96 |
| Services | 96 | 95 | 96 | 99 | 100 |
| Retail trade* | 93 | 89 | 91 | 96 | 99 |
| Wholesale trade | 97 | 95 | |||
| Employment | 100 | 95 | 98 | 99 | 99 |
- * including trade and repair of vehicles.
- Source: INSEE, business tendency surveys.
The employment climate remains stable
In August 2026, the synthetic indicator of employment climate remains stable at 99.
tableauFrench employment climate composite indicator
| French employment climate composite indicator | |
|---|---|
| 2026-08 | 99.3 |
| 2026-07 | 98.6 |
| 2026-06 | 98.2 |
| 2026-05 | 94.6 |
| 2026-04 | 99.7 |
| 2026-03 | 99.5 |
| 2026-02 | 97.9 |
| 2026-01 | 95.6 |
| 2025-12 | 94.7 |
| 2025-11 | 95.8 |
| 2025-10 | 94.8 |
| 2025-09 | 93.7 |
| 2025-08 | 94.5 |
| 2025-07 | 95.2 |
| 2025-06 | 97.7 |
| 2025-05 | 93.3 |
| 2025-04 | 96.7 |
| 2025-03 | 95.6 |
| 2025-02 | 93.7 |
| 2025-01 | 96.9 |
| 2024-12 | 96.5 |
| 2024-11 | 97.9 |
| 2024-10 | 97.7 |
| 2024-09 | 98.6 |
| 2024-08 | 98.2 |
| 2024-07 | 96.2 |
| 2024-06 | 99.6 |
| 2024-05 | 102.0 |
| 2024-04 | 101.5 |
| 2024-03 | 100.3 |
| 2024-02 | 102.5 |
| 2024-01 | 98.6 |
| 2023-12 | 100.9 |
| 2023-11 | 99.6 |
| 2023-10 | 103.2 |
| 2023-09 | 103.6 |
| 2023-08 | 101.8 |
| 2023-07 | 106.2 |
| 2023-06 | 106.3 |
| 2023-05 | 106.7 |
| 2023-04 | 110.2 |
| 2023-03 | 109.7 |
| 2023-02 | 110.7 |
| 2023-01 | 112.6 |
| 2022-12 | 111.1 |
| 2022-11 | 108.5 |
| 2022-10 | 109.0 |
| 2022-09 | 107.8 |
| 2022-08 | 108.2 |
| 2022-07 | 110.8 |
| 2022-06 | 108.1 |
| 2022-05 | 110.3 |
| 2022-04 | 112.3 |
| 2022-03 | 113.3 |
| 2022-02 | 114.4 |
| 2022-01 | 110.5 |
| 2021-12 | 108.9 |
| 2021-11 | 113.8 |
| 2021-10 | 111.6 |
| 2021-09 | 105.9 |
| 2021-08 | 109.5 |
| 2021-07 | 108.9 |
| 2021-06 | 107.5 |
| 2021-05 | 101.6 |
| 2021-04 | 92.2 |
| 2021-03 | 90.8 |
| 2021-02 | 83.6 |
| 2021-01 | 85.7 |
| 2020-12 | 83.3 |
| 2020-11 | 79.9 |
| 2020-10 | 88.4 |
| 2020-09 | 91.3 |
| 2020-08 | 89.0 |
| 2020-07 | 79.1 |
| 2020-06 | 69.6 |
| 2020-05 | 49.7 |
| 2020-04 | 40.8 |
| 2020-03 | 97.4 |
| 2020-02 | 106.2 |
| 2020-01 | 105.8 |
| 2019-12 | 107.7 |
| 2019-11 | 108.3 |
| 2019-10 | 107.2 |
| 2019-09 | 106.9 |
| 2019-08 | 107.3 |
| 2019-07 | 107.6 |
| 2019-06 | 108.4 |
| 2019-05 | 106.4 |
| 2019-04 | 108.0 |
| 2019-03 | 108.6 |
| 2019-02 | 107.2 |
| 2019-01 | 106.4 |
| 2018-12 | 104.5 |
| 2018-11 | 105.5 |
| 2018-10 | 107.1 |
| 2018-09 | 107.1 |
| 2018-08 | 107.9 |
| 2018-07 | 108.6 |
| 2018-06 | 109.8 |
| 2018-05 | 110.3 |
| 2018-04 | 109.7 |
| 2018-03 | 110.1 |
| 2018-02 | 109.5 |
| 2018-01 | 108.9 |
| 2017-12 | 108.3 |
| 2017-11 | 107.3 |
| 2017-10 | 108.1 |
| 2017-09 | 106.7 |
| 2017-08 | 104.9 |
| 2017-07 | 107.1 |
| 2017-06 | 107.6 |
| 2017-05 | 107.7 |
| 2017-04 | 107.7 |
| 2017-03 | 107.7 |
| 2017-02 | 104.7 |
| 2017-01 | 105.5 |
| 2016-12 | 106.6 |
| 2016-11 | 105.8 |
| 2016-10 | 105.1 |
| 2016-09 | 105.3 |
| 2016-08 | 102.5 |
| 2016-07 | 105.0 |
| 2016-06 | 101.0 |
| 2016-05 | 101.6 |
| 2016-04 | 99.6 |
| 2016-03 | 99.2 |
| 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 | 99.3 |
| 2015-06 | 98.8 |
| 2015-05 | 96.7 |
| 2015-04 | 96.6 |
| 2015-03 | 94.5 |
| 2015-02 | 95.1 |
| 2015-01 | 93.1 |
| 2014-12 | 94.1 |
| 2014-11 | 93.6 |
| 2014-10 | 93.5 |
| 2014-09 | 93.6 |
| 2014-08 | 93.4 |
| 2014-07 | 94.6 |
| 2014-06 | 94.6 |
| 2014-05 | 96.2 |
| 2014-04 | 96.9 |
| 2014-03 | 95.0 |
| 2014-02 | 93.6 |
| 2014-01 | 94.0 |
| 2013-12 | 93.6 |
| 2013-11 | 92.8 |
| 2013-10 | 93.6 |
| 2013-09 | 90.9 |
| 2013-08 | 90.4 |
| 2013-07 | 89.4 |
| 2013-06 | 88.5 |
| 2013-05 | 84.8 |
| 2013-04 | 86.2 |
| 2013-03 | 88.1 |
| 2013-02 | 88.9 |
| 2013-01 | 91.7 |
| 2012-12 | 89.3 |
| 2012-11 | 89.6 |
| 2012-10 | 91.2 |
| 2012-09 | 91.2 |
| 2012-08 | 92.9 |
| 2012-07 | 92.1 |
| 2012-06 | 93.3 |
| 2012-05 | 94.4 |
| 2012-04 | 97.7 |
| 2012-03 | 98.3 |
| 2012-02 | 97.5 |
| 2012-01 | 97.7 |
| 2011-12 | 98.5 |
| 2011-11 | 100.5 |
| 2011-10 | 99.5 |
| 2011-09 | 103.6 |
| 2011-08 | 105.2 |
| 2011-07 | 109.8 |
| 2011-06 | 111.2 |
| 2011-05 | 111.4 |
| 2011-04 | 109.1 |
| 2011-03 | 109.2 |
| 2011-02 | 111.0 |
| 2011-01 | 103.0 |
| 2010-12 | 105.8 |
| 2010-11 | 104.3 |
| 2010-10 | 102.9 |
| 2010-09 | 99.6 |
| 2010-08 | 98.2 |
| 2010-07 | 97.4 |
| 2010-06 | 97.5 |
| 2010-05 | 96.6 |
| 2010-04 | 95.2 |
| 2010-03 | 93.2 |
| 2010-02 | 90.8 |
| 2010-01 | 90.2 |
| 2009-12 | 88.7 |
| 2009-11 | 86.8 |
| 2009-10 | 84.3 |
| 2009-09 | 82.6 |
| 2009-08 | 84.1 |
| 2009-07 | 79.0 |
| 2009-06 | 74.9 |
| 2009-05 | 73.9 |
| 2009-04 | 74.4 |
| 2009-03 | 74.3 |
| 2009-02 | 79.0 |
| 2009-01 | 81.0 |
| 2008-12 | 84.1 |
| 2008-11 | 88.6 |
| 2008-10 | 95.7 |
| 2008-09 | 100.1 |
| 2008-08 | 101.3 |
| 2008-07 | 106.9 |
| 2008-06 | 104.6 |
| 2008-05 | 108.9 |
| 2008-04 | 113.3 |
| 2008-03 | 113.1 |
| 2008-02 | 114.8 |
| 2008-01 | 115.1 |
| 2007-12 | 115.1 |
| 2007-11 | 114.3 |
| 2007-10 | 112.7 |
| 2007-09 | 114.2 |
| 2007-08 | 113.8 |
| 2007-07 | 111.9 |
| 2007-06 | 113.9 |
| 2007-05 | 115.0 |
| 2007-04 | 112.2 |
| 2007-03 | 111.8 |
| 2007-02 | 112.6 |
| 2007-01 | 110.2 |
| 2006-12 | 112.4 |
| 2006-11 | 111.6 |
| 2006-10 | 110.2 |
| 2006-09 | 108.9 |
| 2006-08 | 110.2 |
| 2006-07 | 110.8 |
| 2006-06 | 111.7 |
| 2006-05 | 109.2 |
| 2006-04 | 108.6 |
| 2006-03 | 106.1 |
| 2006-02 | 105.3 |
| 2006-01 | 105.4 |
graphiqueFrench employment climate composite indicator
- Source: INSEE – business tendency surveys.
Revisions
The indicators of business climate in services and employment climate for July 2026 have been revised upwards by one point, the business climate in building construction, downwards by one point and the business climate in retail trade downward by three points (after rounding): these revisions are due to the inclusion of late responses from companies. The other 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 28 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 July and 18 August 2026; most companies answer during the first two weeks of collection.
Next issue: 24 September 2026 at 08:45 am.
Documentation
Methodology note (update July 2026 in French) (pdf,106 Ko)
Pour en savoir plus
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 28 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 July and 18 August 2026; most companies answer during the first two weeks of collection.
Next issue: 24 September 2026 at 08:45 am.