Informations Rapides ·
24 October 2024 · n° 265
In October 2024, the business climate in France has retreated Business indicator - October 2024
In October 2024, the business climate in France has retreated. At 97, the indicator that synthesizes it, calculated from the responses of the business managers from the main market sectors has lost one point (after rounding). This is the result of a significant fall of the business climate in manufacturing industry, not entirely offset by the improvement in the services.
In October 2024, the business climate indicator has lost one point
In October 2024, the business climate in France has retreated. At 97, the indicator that synthesizes it, calculated from the responses of the business managers from the main market sectors has lost one point (after rounding). This is the result of a significant fall of the business climate in manufacturing industry, not entirely offset by the improvement in the services.
tableauFrench business climate composite indicator
| French business climate composite indicator | |
|---|---|
| 2024-10 | 97.3 |
| 2024-09 | 97.9 |
| 2024-08 | 96.7 |
| 2024-07 | 93.9 |
| 2024-06 | 99.1 |
| 2024-05 | 99.6 |
| 2024-04 | 99.3 |
| 2024-03 | 100.0 |
| 2024-02 | 98.5 |
| 2024-01 | 98.9 |
| 2023-12 | 98.4 |
| 2023-11 | 97.9 |
| 2023-10 | 98.9 |
| 2023-09 | 100.3 |
| 2023-08 | 100.0 |
| 2023-07 | 100.2 |
| 2023-06 | 100.5 |
| 2023-05 | 100.3 |
| 2023-04 | 102.6 |
| 2023-03 | 102.9 |
| 2023-02 | 103.2 |
| 2023-01 | 102.2 |
| 2022-12 | 102.5 |
| 2022-11 | 102.4 |
| 2022-10 | 102.7 |
| 2022-09 | 102.5 |
| 2022-08 | 103.9 |
| 2022-07 | 103.4 |
| 2022-06 | 104.7 |
| 2022-05 | 106.3 |
| 2022-04 | 106.5 |
| 2022-03 | 107.1 |
| 2022-02 | 113.2 |
| 2022-01 | 108.1 |
| 2021-12 | 109.6 |
| 2021-11 | 114.0 |
| 2021-10 | 113.4 |
| 2021-09 | 111.6 |
| 2021-08 | 110.6 |
| 2021-07 | 113.0 |
| 2021-06 | 114.6 |
| 2021-05 | 110.0 |
| 2021-04 | 96.2 |
| 2021-03 | 97.7 |
| 2021-02 | 90.9 |
| 2021-01 | 93.6 |
| 2020-12 | 92.3 |
| 2020-11 | 77.9 |
| 2020-10 | 90.2 |
| 2020-09 | 93.8 |
| 2020-08 | 94.1 |
| 2020-07 | 91.0 |
| 2020-06 | 84.6 |
| 2020-05 | 59.6 |
| 2020-04 | 47.2 |
| 2020-03 | 93.9 |
| 2020-02 | 105.8 |
| 2020-01 | 106.2 |
| 2019-12 | 106.1 |
| 2019-11 | 106.3 |
| 2019-10 | 106.4 |
| 2019-09 | 106.9 |
| 2019-08 | 105.8 |
| 2019-07 | 105.9 |
| 2019-06 | 106.5 |
| 2019-05 | 106.7 |
| 2019-04 | 106.6 |
| 2019-03 | 105.9 |
| 2019-02 | 104.6 |
| 2019-01 | 104.1 |
| 2018-12 | 103.6 |
| 2018-11 | 106.6 |
| 2018-10 | 106.4 |
| 2018-09 | 107.6 |
| 2018-08 | 107.9 |
| 2018-07 | 108.5 |
| 2018-06 | 109.1 |
| 2018-05 | 109.3 |
| 2018-04 | 110.9 |
| 2018-03 | 111.6 |
| 2018-02 | 111.8 |
| 2018-01 | 112.7 |
| 2017-12 | 113.2 |
| 2017-11 | 111.7 |
| 2017-10 | 110.9 |
| 2017-09 | 111.0 |
| 2017-08 | 110.8 |
| 2017-07 | 109.7 |
| 2017-06 | 108.8 |
| 2017-05 | 107.5 |
| 2017-04 | 106.9 |
| 2017-03 | 106.6 |
| 2017-02 | 106.9 |
| 2017-01 | 106.2 |
| 2016-12 | 106.0 |
| 2016-11 | 103.7 |
| 2016-10 | 103.7 |
| 2016-09 | 103.5 |
| 2016-08 | 103.5 |
| 2016-07 | 103.8 |
| 2016-06 | 103.0 |
| 2016-05 | 104.3 |
| 2016-04 | 102.4 |
| 2016-03 | 102.9 |
| 2016-02 | 103.0 |
| 2016-01 | 104.0 |
| 2015-12 | 101.6 |
| 2015-11 | 102.8 |
| 2015-10 | 102.9 |
| 2015-09 | 102.1 |
| 2015-08 | 102.7 |
| 2015-07 | 101.1 |
| 2015-06 | 100.6 |
| 2015-05 | 99.3 |
| 2015-04 | 98.3 |
| 2015-03 | 96.9 |
| 2015-02 | 95.8 |
| 2015-01 | 94.7 |
| 2014-12 | 93.9 |
| 2014-11 | 93.7 |
| 2014-10 | 91.9 |
| 2014-09 | 91.9 |
| 2014-08 | 92.9 |
| 2014-07 | 94.4 |
| 2014-06 | 95.0 |
| 2014-05 | 95.6 |
| 2014-04 | 96.1 |
| 2014-03 | 96.2 |
| 2014-02 | 95.0 |
| 2014-01 | 95.4 |
| 2013-12 | 94.1 |
| 2013-11 | 94.7 |
| 2013-10 | 95.3 |
| 2013-09 | 95.5 |
| 2013-08 | 91.8 |
| 2013-07 | 88.5 |
| 2013-06 | 86.7 |
| 2013-05 | 85.5 |
| 2013-04 | 84.5 |
| 2013-03 | 85.9 |
| 2013-02 | 88.0 |
| 2013-01 | 87.9 |
| 2012-12 | 88.4 |
| 2012-11 | 87.7 |
| 2012-10 | 86.5 |
| 2012-09 | 88.1 |
| 2012-08 | 89.6 |
| 2012-07 | 90.7 |
| 2012-06 | 91.8 |
| 2012-05 | 92.9 |
| 2012-04 | 97.1 |
| 2012-03 | 95.5 |
| 2012-02 | 93.0 |
| 2012-01 | 93.1 |
| 2011-12 | 94.6 |
| 2011-11 | 95.5 |
| 2011-10 | 97.6 |
| 2011-09 | 98.7 |
| 2011-08 | 101.5 |
| 2011-07 | 106.3 |
| 2011-06 | 107.7 |
| 2011-05 | 108.0 |
| 2011-04 | 108.7 |
| 2011-03 | 109.5 |
| 2011-02 | 108.9 |
| 2011-01 | 107.7 |
| 2010-12 | 106.8 |
| 2010-11 | 105.2 |
| 2010-10 | 104.4 |
| 2010-09 | 102.6 |
| 2010-08 | 100.6 |
| 2010-07 | 98.5 |
| 2010-06 | 96.6 |
| 2010-05 | 97.2 |
| 2010-04 | 95.9 |
| 2010-03 | 92.1 |
| 2010-02 | 92.8 |
| 2010-01 | 92.2 |
| 2009-12 | 90.6 |
| 2009-11 | 90.4 |
| 2009-10 | 88.6 |
| 2009-09 | 85.8 |
| 2009-08 | 82.9 |
| 2009-07 | 79.8 |
| 2009-06 | 77.7 |
| 2009-05 | 74.3 |
| 2009-04 | 71.3 |
| 2009-03 | 69.5 |
| 2009-02 | 73.4 |
| 2009-01 | 75.0 |
| 2008-12 | 76.7 |
| 2008-11 | 79.6 |
| 2008-10 | 83.4 |
| 2008-09 | 92.6 |
| 2008-08 | 94.9 |
| 2008-07 | 96.5 |
| 2008-06 | 100.1 |
| 2008-05 | 103.3 |
| 2008-04 | 106.0 |
| 2008-03 | 108.1 |
| 2008-02 | 108.2 |
| 2008-01 | 109.5 |
| 2007-12 | 110.1 |
| 2007-11 | 110.3 |
| 2007-10 | 109.8 |
| 2007-09 | 111.2 |
| 2007-08 | 111.8 |
| 2007-07 | 112.8 |
| 2007-06 | 113.6 |
| 2007-05 | 112.5 |
| 2007-04 | 112.4 |
| 2007-03 | 111.8 |
| 2007-02 | 111.4 |
| 2007-01 | 109.7 |
| 2006-12 | 109.6 |
| 2006-11 | 111.1 |
| 2006-10 | 109.5 |
| 2006-09 | 109.3 |
| 2006-08 | 108.7 |
| 2006-07 | 108.2 |
| 2006-06 | 106.2 |
| 2006-05 | 106.6 |
| 2006-04 | 104.7 |
| 2006-03 | 104.3 |
| 2006-02 | 103.8 |
| 2006-01 | 106.1 |
| 2005-12 | 104.7 |
| 2005-11 | 103.1 |
| 2005-10 | 103.6 |
| 2005-09 | 100.7 |
| 2005-08 | 101.4 |
| 2005-07 | 101.6 |
| 2005-06 | 101.8 |
| 2005-05 | 101.0 |
| 2005-04 | 103.5 |
| 2005-03 | 104.4 |
| 2005-02 | 104.2 |
| 2005-01 | 103.9 |
graphiqueFrench business climate composite indicator
- Source: INSEE
In October, the business climate has strongly darkened in manufacturing industry. At 92, the indicator that synthetizes it has lost 7 points and has clearly moved away from its long term average (100). All the balances of opinion defining the climate have contributed to its decline. In particular, the balances of opinion on past production, personal production expectations and order books have sharply fallen.
In services, the business climate has brightened again, returning to its June level. The balances on expected activity have clearly risen, as those on past activity but to a lesser extent.
In retail trade (including trade and repair of vehicles), the business climate has slightly fallen. This deterioration is mainly due to the fall in balances related to general business outlook and expected workforce size.
Lastly, in building construction, the business climate indicator remains stable. At 100, the synthetic indicator remains at its long term average (100): the slight fall in the balance of opinion on expected activity is especially offset by the rise in opinion on past activity.
tableauBusiness and employment climates
| June 24 | July 24 | Aug. 24 | Sep. 24 | Oct. 24 | |
|---|---|---|---|---|---|
| Business climates | |||||
| France | 99 | 94 | 97 | 98 | 97 |
| Manufacturing industry | 99 | 95 | 99 | 99 | 92 |
| Building construction | 100 | 99 | 101 | 100 | 100 |
| Services | 101 | 95 | 98 | 99 | 101 |
| Retail trade* | 99 | 94 | 97 | 100 | 99 |
| Wholesale trade | 93 | 95 | |||
| Employment | 100 | 96 | 98 | 99 | 97 |
- * including trade and repair of vehicles
- Source: INSEE, business tendency surveys
The employment climate indicator has also retreated
In October 2024, the employment climate indicator has retreated. At 97, it has lost two points and has moved away from its long-term average (100). This worsening is mainly the result of the decrease in the balances of opinion regarding the workforce size in services (excluding temporary work agencies).
tableauFrench employment climate composite indicator
| French employment climate composite indicator | |
|---|---|
| 2024-10 | 97.0 |
| 2024-09 | 99.3 |
| 2024-08 | 97.7 |
| 2024-07 | 95.9 |
| 2024-06 | 99.7 |
| 2024-05 | 102.3 |
| 2024-04 | 100.7 |
| 2024-03 | 100.2 |
| 2024-02 | 101.5 |
| 2024-01 | 99.1 |
| 2023-12 | 100.4 |
| 2023-11 | 99.7 |
| 2023-10 | 102.4 |
| 2023-09 | 104.6 |
| 2023-08 | 101.5 |
| 2023-07 | 105.5 |
| 2023-06 | 106.2 |
| 2023-05 | 106.7 |
| 2023-04 | 109.0 |
| 2023-03 | 109.2 |
| 2023-02 | 109.8 |
| 2023-01 | 112.3 |
| 2022-12 | 110.3 |
| 2022-11 | 108.4 |
| 2022-10 | 107.9 |
| 2022-09 | 109.1 |
| 2022-08 | 108.1 |
| 2022-07 | 110.5 |
| 2022-06 | 108.1 |
| 2022-05 | 110.3 |
| 2022-04 | 111.0 |
| 2022-03 | 112.7 |
| 2022-02 | 113.7 |
| 2022-01 | 110.4 |
| 2021-12 | 108.7 |
| 2021-11 | 113.3 |
| 2021-10 | 110.5 |
| 2021-09 | 107.5 |
| 2021-08 | 109.0 |
| 2021-07 | 108.6 |
| 2021-06 | 107.2 |
| 2021-05 | 101.0 |
| 2021-04 | 91.1 |
| 2021-03 | 90.5 |
| 2021-02 | 84.1 |
| 2021-01 | 86.4 |
| 2020-12 | 83.7 |
| 2020-11 | 80.6 |
| 2020-10 | 88.0 |
| 2020-09 | 92.8 |
| 2020-08 | 89.3 |
| 2020-07 | 79.4 |
| 2020-06 | 69.9 |
| 2020-05 | 49.9 |
| 2020-04 | 41.1 |
| 2020-03 | 96.9 |
| 2020-02 | 105.9 |
| 2020-01 | 105.9 |
| 2019-12 | 107.3 |
| 2019-11 | 108.0 |
| 2019-10 | 106.5 |
| 2019-09 | 107.8 |
| 2019-08 | 107.5 |
| 2019-07 | 107.1 |
| 2019-06 | 107.9 |
| 2019-05 | 105.2 |
| 2019-04 | 106.9 |
| 2019-03 | 107.6 |
| 2019-02 | 107.2 |
| 2019-01 | 106.5 |
| 2018-12 | 104.4 |
| 2018-11 | 105.0 |
| 2018-10 | 106.6 |
| 2018-09 | 107.4 |
| 2018-08 | 108.0 |
| 2018-07 | 108.2 |
| 2018-06 | 109.5 |
| 2018-05 | 109.4 |
| 2018-04 | 108.7 |
| 2018-03 | 109.3 |
| 2018-02 | 109.4 |
| 2018-01 | 109.1 |
| 2017-12 | 108.2 |
| 2017-11 | 106.9 |
| 2017-10 | 107.8 |
| 2017-09 | 106.7 |
| 2017-08 | 105.0 |
| 2017-07 | 106.9 |
| 2017-06 | 107.4 |
| 2017-05 | 106.9 |
| 2017-04 | 106.5 |
| 2017-03 | 106.9 |
| 2017-02 | 104.5 |
| 2017-01 | 105.5 |
| 2016-12 | 106.1 |
| 2016-11 | 105.3 |
| 2016-10 | 104.7 |
| 2016-09 | 104.9 |
| 2016-08 | 102.3 |
| 2016-07 | 104.6 |
| 2016-06 | 100.8 |
| 2016-05 | 101.4 |
| 2016-04 | 99.4 |
| 2016-03 | 99.0 |
| 2016-02 | 100.3 |
| 2016-01 | 101.1 |
| 2015-12 | 100.4 |
| 2015-11 | 101.1 |
| 2015-10 | 99.3 |
| 2015-09 | 99.4 |
| 2015-08 | 100.0 |
| 2015-07 | 99.0 |
| 2015-06 | 98.6 |
| 2015-05 | 96.6 |
| 2015-04 | 96.5 |
| 2015-03 | 94.5 |
| 2015-02 | 95.0 |
| 2015-01 | 93.0 |
| 2014-12 | 94.0 |
| 2014-11 | 93.5 |
| 2014-10 | 93.5 |
| 2014-09 | 93.6 |
| 2014-08 | 93.4 |
| 2014-07 | 94.5 |
| 2014-06 | 94.6 |
| 2014-05 | 96.1 |
| 2014-04 | 96.8 |
| 2014-03 | 95.0 |
| 2014-02 | 93.5 |
| 2014-01 | 94.0 |
| 2013-12 | 93.6 |
| 2013-11 | 92.7 |
| 2013-10 | 93.6 |
| 2013-09 | 91.0 |
| 2013-08 | 90.4 |
| 2013-07 | 89.5 |
| 2013-06 | 88.6 |
| 2013-05 | 85.1 |
| 2013-04 | 86.4 |
| 2013-03 | 88.2 |
| 2013-02 | 88.9 |
| 2013-01 | 91.7 |
| 2012-12 | 89.3 |
| 2012-11 | 89.6 |
| 2012-10 | 91.3 |
| 2012-09 | 91.4 |
| 2012-08 | 92.9 |
| 2012-07 | 92.1 |
| 2012-06 | 93.3 |
| 2012-05 | 94.4 |
| 2012-04 | 97.6 |
| 2012-03 | 98.2 |
| 2012-02 | 97.2 |
| 2012-01 | 97.5 |
| 2011-12 | 98.3 |
| 2011-11 | 100.3 |
| 2011-10 | 99.4 |
| 2011-09 | 103.4 |
| 2011-08 | 104.9 |
| 2011-07 | 109.4 |
| 2011-06 | 110.8 |
| 2011-05 | 110.9 |
| 2011-04 | 108.6 |
| 2011-03 | 108.7 |
| 2011-02 | 110.3 |
| 2011-01 | 102.6 |
| 2010-12 | 105.3 |
| 2010-11 | 104.0 |
| 2010-10 | 102.6 |
| 2010-09 | 99.6 |
| 2010-08 | 98.1 |
| 2010-07 | 97.5 |
| 2010-06 | 97.5 |
| 2010-05 | 96.5 |
| 2010-04 | 95.1 |
| 2010-03 | 93.1 |
| 2010-02 | 90.7 |
| 2010-01 | 90.1 |
| 2009-12 | 88.6 |
| 2009-11 | 86.8 |
| 2009-10 | 84.5 |
| 2009-09 | 83.1 |
| 2009-08 | 84.3 |
| 2009-07 | 79.4 |
| 2009-06 | 75.4 |
| 2009-05 | 74.4 |
| 2009-04 | 74.9 |
| 2009-03 | 74.7 |
| 2009-02 | 79.2 |
| 2009-01 | 81.1 |
| 2008-12 | 84.2 |
| 2008-11 | 88.5 |
| 2008-10 | 95.6 |
| 2008-09 | 100.1 |
| 2008-08 | 101.2 |
| 2008-07 | 106.6 |
| 2008-06 | 104.4 |
| 2008-05 | 108.5 |
| 2008-04 | 112.7 |
| 2008-03 | 112.6 |
| 2008-02 | 114.1 |
| 2008-01 | 114.4 |
| 2007-12 | 114.4 |
| 2007-11 | 113.6 |
| 2007-10 | 112.2 |
| 2007-09 | 113.9 |
| 2007-08 | 113.3 |
| 2007-07 | 111.5 |
| 2007-06 | 113.4 |
| 2007-05 | 114.4 |
| 2007-04 | 111.7 |
| 2007-03 | 111.3 |
| 2007-02 | 112.0 |
| 2007-01 | 109.6 |
| 2006-12 | 111.8 |
| 2006-11 | 111.0 |
| 2006-10 | 109.7 |
| 2006-09 | 108.6 |
| 2006-08 | 109.8 |
| 2006-07 | 110.4 |
| 2006-06 | 111.3 |
| 2006-05 | 108.7 |
| 2006-04 | 108.2 |
| 2006-03 | 105.7 |
| 2006-02 | 104.9 |
| 2006-01 | 105.0 |
| 2005-12 | 103.4 |
| 2005-11 | 104.0 |
| 2005-10 | 103.9 |
| 2005-09 | 104.0 |
| 2005-08 | 103.9 |
| 2005-07 | 103.5 |
| 2005-06 | 103.0 |
| 2005-05 | 103.8 |
| 2005-04 | 103.4 |
| 2005-03 | 105.7 |
| 2005-02 | 103.2 |
| 2005-01 | 103.2 |
graphiqueFrench employment climate composite indicator
- Source: INSEE
Revisions
The business climate for September 2024 in services has been revised upwards by one point (after rounding). The employment climate indicator for September 2024 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.
For further information
The business climate indicator summarises the information provided by the surveys in manufacturing, services, trade (retail and wholesale) and building construction. It is built from 30 balances of opinion from these surveys. 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 September and 21 October 2024; most companies answer during the first two weeks of collection.
Next issue: 21 November 2024 at 08:45 am.
Documentation
Changes to business tendency surveys – October 2021 (pdf,181 Ko)
Methodology note (in French) (pdf,245 Ko)
Pour en savoir plus
The business climate indicator summarises the information provided by the surveys in manufacturing, services, trade (retail and wholesale) and building construction. It is built from 30 balances of opinion from these surveys. 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 September and 21 October 2024; most companies answer during the first two weeks of collection.
Next issue: 21 November 2024 at 08:45 am.