| Actual | Previous | |
|---|---|---|
| Index | 99 | 99 |
Highlights
The overall business climate in France has remained steady this month, mirroring the conditions seen in May and maintaining a value of 99, slightly below the long-term average of 100.
The business climate in retail trade, including vehicle trade and repair, has slightly improved, rising from 99 to 100. A positive shift in ordering intentions drives this uptick. The manufacturing sector remains stable with an index of 99, unchanged from May, and continues to hover just below the long-term average. The services sector has experienced a minor decline, with the index dropping from 102 to 101. This decrease is attributed to a reduction in both past and expected activity levels.
The business climate in building construction has worsened, falling from 102 to 100. This decline is due to decreased confidence in the sector's activity levels. The employment climate indicator has declined to 100, down by two points, aligning with its long-term average. This decline is primarily due to negative shifts in opinions about workforce changes, particularly in services excluding temporary work agencies. To this end, the June update changes the French RPI to minus 26 and the RPI-P to minus 20.
This comprehensive overview reflects the nuanced changes across different sectors, providing a clear and detailed picture of France's current business and employment climate.
The business climate in retail trade, including vehicle trade and repair, has slightly improved, rising from 99 to 100. A positive shift in ordering intentions drives this uptick. The manufacturing sector remains stable with an index of 99, unchanged from May, and continues to hover just below the long-term average. The services sector has experienced a minor decline, with the index dropping from 102 to 101. This decrease is attributed to a reduction in both past and expected activity levels.
The business climate in building construction has worsened, falling from 102 to 100. This decline is due to decreased confidence in the sector's activity levels. The employment climate indicator has declined to 100, down by two points, aligning with its long-term average. This decline is primarily due to negative shifts in opinions about workforce changes, particularly in services excluding temporary work agencies. To this end, the June update changes the French RPI to minus 26 and the RPI-P to minus 20.
This comprehensive overview reflects the nuanced changes across different sectors, providing a clear and detailed picture of France's current business and employment climate.
Definition
INSEE is France's National Institute of Statistics and Economic Studies. INSEE's business climate indicator aims to summarise the mood of French business leaders. The survey asks questions about output, orders and inventories and expectations for future business. These are synthesised into an overall index of sentiment, adjusted so that the long-run average is 100. The main focus is the manufacturing sector but the survey also provides separate confidence measures for construction, retail trade and services on a monthly basis and for wholesale trade every other month.
Description
If you are looking for clues on French business sentiment, this survey would be a good starting point. The indicator is based on a survey that asks business leaders about their expectations for new orders and their overall impressions of the economy. The results are a diffusion index that reflects the difference between positive and negative responses as a percentage of the total number of answers.
