Informations Rapides · 21 June 2024 · n° 154
In June 2024, the business climate in France remains stable while the employment climate has deteriorated Business indicator - June 2024

In June 2024, the business climate in France is stable compared to May, for the third month in a row. At 99, the indicator that synthesizes it, calculated from the responses of the business managers from the main market sectors (primarily received before the 10th of the month), remains just below its long-term average (100).

Informations rapides

N^o 154

Paru le :Paru le21/06/2024

Prochaine parution le : 25/07/2024 at 08:45 - July 2024

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In June 2024, the business climate remains just below its long-term average
The employment climate has deteriorated in June
Revisions
For further information

In June 2024, the business climate remains just below its long-term average

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tableauFrench business climate composite indicator

French business climate composite indicator
	French business climate composite indicator
2024-06	98.8
2024-05	98.8
2024-04	98.8
2024-03	100.1
2024-02	98.2
2024-01	98.6
2023-12	97.9
2023-11	97.3
2023-10	98.2
2023-09	100.3
2023-08	100.0
2023-07	100.1
2023-06	100.4
2023-05	99.8
2023-04	102.3
2023-03	103.2
2023-02	102.9
2023-01	102.1
2022-12	102.3
2022-11	102.0
2022-10	102.2
2022-09	102.7
2022-08	104.1
2022-07	103.5
2022-06	104.8
2022-05	106.0
2022-04	106.4
2022-03	107.5
2022-02	113.1
2022-01	108.3
2021-12	109.6
2021-11	113.9
2021-10	113.1
2021-09	111.8
2021-08	110.7
2021-07	112.9
2021-06	114.7
2021-05	109.9
2021-04	96.1
2021-03	97.9
2021-02	90.7
2021-01	93.6
2020-12	92.4
2020-11	77.9
2020-10	89.9
2020-09	93.9
2020-08	94.2
2020-07	90.8
2020-06	84.7
2020-05	59.5
2020-04	47.1
2020-03	94.2
2020-02	105.8
2020-01	106.2
2019-12	106.1
2019-11	106.3
2019-10	106.1
2019-09	106.8
2019-08	105.9
2019-07	105.7
2019-06	106.5
2019-05	106.6
2019-04	106.6
2019-03	106.1
2019-02	104.6
2019-01	104.2
2018-12	103.6
2018-11	106.5
2018-10	106.1
2018-09	107.4
2018-08	107.9
2018-07	108.2
2018-06	108.9
2018-05	109.2
2018-04	110.9
2018-03	111.7
2018-02	111.7
2018-01	112.7
2017-12	113.2
2017-11	111.6
2017-10	110.6
2017-09	110.8
2017-08	110.6
2017-07	109.5
2017-06	108.6
2017-05	107.6
2017-04	107.0
2017-03	106.6
2017-02	106.9
2017-01	106.1
2016-12	106.0
2016-11	103.6
2016-10	103.7
2016-09	103.5
2016-08	103.4
2016-07	103.8
2016-06	102.9
2016-05	104.3
2016-04	102.3
2016-03	102.9
2016-02	103.0
2016-01	104.0
2015-12	101.5
2015-11	102.8
2015-10	102.9
2015-09	102.0
2015-08	102.7
2015-07	101.1
2015-06	100.7
2015-05	99.4
2015-04	98.3
2015-03	97.0
2015-02	95.8
2015-01	94.8
2014-12	94.0
2014-11	93.8
2014-10	92.0
2014-09	92.0
2014-08	93.0
2014-07	94.5
2014-06	95.0
2014-05	95.7
2014-04	96.2
2014-03	96.3
2014-02	95.1
2014-01	95.5
2013-12	94.2
2013-11	94.8
2013-10	95.4
2013-09	95.5
2013-08	91.9
2013-07	88.6
2013-06	86.8
2013-05	85.6
2013-04	84.5
2013-03	85.9
2013-02	88.0
2013-01	88.0
2012-12	88.4
2012-11	87.7
2012-10	86.5
2012-09	88.2
2012-08	89.7
2012-07	90.7
2012-06	91.8
2012-05	93.0
2012-04	97.2
2012-03	95.5
2012-02	93.0
2012-01	93.2
2011-12	94.6
2011-11	95.6
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	106.7
2010-11	105.1
2010-10	104.3
2010-09	102.4
2010-08	100.4
2010-07	98.3
2010-06	96.3
2010-05	96.9
2010-04	95.6
2010-03	91.9
2010-02	92.5
2010-01	91.9
2009-12	90.3
2009-11	90.1
2009-10	88.4
2009-09	85.6
2009-08	82.8
2009-07	79.6
2009-06	77.6
2009-05	74.2
2009-04	71.3
2009-03	69.4
2009-02	73.4
2009-01	75.0
2008-12	76.7
2008-11	79.6
2008-10	83.4
2008-09	92.5
2008-08	94.9
2008-07	96.5
2008-06	100.0
2008-05	103.2
2008-04	105.9
2008-03	108.0
2008-02	108.1
2008-01	109.3
2007-12	109.9
2007-11	110.2
2007-10	109.7
2007-09	111.0
2007-08	111.6
2007-07	112.6
2007-06	113.4
2007-05	112.4
2007-04	112.3
2007-03	111.7
2007-02	111.3
2007-01	109.6
2006-12	109.5
2006-11	111.0
2006-10	109.3
2006-09	109.2
2006-08	108.6
2006-07	108.1
2006-06	106.1
2006-05	106.5
2006-04	104.6
2006-03	104.1
2006-02	103.7
2006-01	106.0
2005-12	104.6
2005-11	103.0
2005-10	103.5
2005-09	100.6
2005-08	101.3
2005-07	101.5
2005-06	101.7
2005-05	100.8
2005-04	103.3
2005-03	104.3
2005-02	104.1
2005-01	103.8

graphiqueFrench business climate composite indicator

In retail trade (including trade and repair of vehicles), the business climate has improved slightly, held up by the rebound in the balance of opinion related to ordering intentions.

In manufacturing industry, the business climate is stable, just below its long-term average.

In services, the business climate has slightly deteriorated, because of the decrease in the balances of opinion about activity, both past and expected.

In building construction, the business climate indicator has also worsened, following the deterioration in the balances related to the activity.

tableauBusiness and employment climates

Business and employment climates
	Feb. 24	Mar. 24	Apr. 24	May 24	June 24
Business climates
France	98	100	99	99	99
Manufacturing industry	101	103	100	99	99
Building construction	103	103	101	102	100
Services	100	103	100	102	101
Retail trade*	100	100	102	99	100
Wholesale trade		95		94

Employment	102	101	102	102	100

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

The employment climate has deteriorated in June

In June 2024, the employment climate indicator has deteriorated. At 100, it has lost two points and has returned to its long-term average. This worsening is mainly the result of the decrease in the balances of opinion related to the recent and expected changes in the workforce size in services (excluding temporary work agencies).

Graphique
Tableau

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tableauFrench employment climate composite indicator

French employment climate composite indicator
	French employment climate composite indicator
2024-06	99.8
2024-05	102.5
2024-04	102.0
2024-03	101.5
2024-02	102.1
2024-01	98.6
2023-12	100.2
2023-11	99.8
2023-10	102.7
2023-09	105.2
2023-08	101.7
2023-07	105.7
2023-06	106.2
2023-05	107.0
2023-04	110.2
2023-03	110.3
2023-02	110.6
2023-01	111.1
2022-12	110.1
2022-11	108.1
2022-10	109.2
2022-09	109.7
2022-08	107.9
2022-07	110.2
2022-06	108.2
2022-05	110.7
2022-04	111.6
2022-03	113.3
2022-02	113.9
2022-01	110.0
2021-12	108.8
2021-11	112.7
2021-10	110.7
2021-09	107.2
2021-08	108.5
2021-07	108.2
2021-06	106.4
2021-05	101.4
2021-04	92.4
2021-03	92.2
2021-02	85.5
2021-01	86.7
2020-12	85.0
2020-11	83.0
2020-10	89.1
2020-09	93.3
2020-08	88.7
2020-07	78.5
2020-06	69.5
2020-05	53.3
2020-04	46.8
2020-03	97.9
2020-02	105.9
2020-01	105.2
2019-12	106.5
2019-11	107.2
2019-10	106.2
2019-09	107.6
2019-08	106.7
2019-07	106.8
2019-06	107.5
2019-05	105.8
2019-04	107.7
2019-03	108.3
2019-02	107.3
2019-01	105.8
2018-12	104.5
2018-11	104.9
2018-10	106.9
2018-09	107.6
2018-08	107.5
2018-07	108.3
2018-06	109.8
2018-05	109.7
2018-04	109.1
2018-03	110.0
2018-02	109.5
2018-01	109.0
2017-12	108.3
2017-11	107.2
2017-10	108.1
2017-09	106.8
2017-08	105.1
2017-07	107.3
2017-06	107.5
2017-05	107.2
2017-04	106.5
2017-03	107.3
2017-02	104.5
2017-01	105.2
2016-12	106.2
2016-11	105.0
2016-10	104.6
2016-09	104.5
2016-08	102.6
2016-07	104.1
2016-06	101.1
2016-05	101.7
2016-04	100.0
2016-03	99.4
2016-02	100.4
2016-01	101.4
2015-12	100.4
2015-11	101.4
2015-10	99.7
2015-09	99.7
2015-08	100.1
2015-07	99.2
2015-06	98.8
2015-05	96.8
2015-04	96.8
2015-03	95.0
2015-02	95.3
2015-01	93.3
2014-12	94.1
2014-11	93.9
2014-10	93.9
2014-09	94.0
2014-08	93.8
2014-07	95.1
2014-06	94.8
2014-05	96.4
2014-04	97.1
2014-03	95.2
2014-02	94.0
2014-01	94.6
2013-12	94.4
2013-11	93.1
2013-10	94.2
2013-09	91.8
2013-08	90.6
2013-07	90.0
2013-06	88.9
2013-05	85.8
2013-04	86.9
2013-03	88.3
2013-02	89.0
2013-01	92.0
2012-12	89.5
2012-11	89.8
2012-10	91.4
2012-09	91.2
2012-08	93.2
2012-07	92.6
2012-06	93.8
2012-05	95.0
2012-04	97.8
2012-03	98.7
2012-02	97.4
2012-01	97.9
2011-12	98.7
2011-11	100.5
2011-10	100.2
2011-09	103.6
2011-08	105.4
2011-07	109.7
2011-06	111.3
2011-05	111.2
2011-04	109.4
2011-03	109.3
2011-02	110.3
2011-01	103.4
2010-12	105.3
2010-11	104.3
2010-10	103.0
2010-09	100.3
2010-08	98.6
2010-07	98.0
2010-06	97.8
2010-05	96.7
2010-04	95.0
2010-03	93.0
2010-02	90.5
2010-01	89.8
2009-12	88.3
2009-11	86.5
2009-10	84.3
2009-09	82.7
2009-08	83.7
2009-07	78.8
2009-06	74.9
2009-05	73.8
2009-04	74.4
2009-03	74.1
2009-02	78.8
2009-01	80.7
2008-12	83.4
2008-11	88.1
2008-10	95.4
2008-09	99.9
2008-08	101.1
2008-07	105.9
2008-06	104.6
2008-05	108.3
2008-04	112.6
2008-03	112.4
2008-02	113.9
2008-01	113.9
2007-12	114.2
2007-11	113.2
2007-10	111.8
2007-09	113.4
2007-08	112.8
2007-07	111.2
2007-06	113.0
2007-05	113.8
2007-04	111.6
2007-03	111.1
2007-02	111.5
2007-01	109.3
2006-12	111.2
2006-11	110.5
2006-10	109.1
2006-09	108.2
2006-08	109.3
2006-07	109.9
2006-06	110.5
2006-05	108.2
2006-04	107.5
2006-03	105.2
2006-02	104.5
2006-01	104.3
2005-12	103.0
2005-11	103.6
2005-10	103.6
2005-09	103.5
2005-08	103.3
2005-07	102.9
2005-06	102.3
2005-05	102.9
2005-04	102.4
2005-03	104.8
2005-02	102.3
2005-01	102.4

graphiqueFrench employment climate composite indicator

Revisions

The composite indicators of the business climate in services and in building construction of May 2024 have both been revised upwards by one point. These revisions are mainly explained by the inclusion of late responses from companies. The other business climate indicators are unchanged (after rounding).

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 May and 18 June 2024; most companies answer during the first two weeks of collection.

Next issue: 25 July 2024 at 08:45 am.