Informations Rapides ·
21 February 2025 · n° 42
In February 2025, the business climate in manufacturing industry has slightly improved Monthly business survey (goods-producing industries) - February 2025
In February 2025, the business climate in manufacturing industry has slightly rebounded. At 97, the synthetic indicator has won one point and has moved closer to its long-term average (100). The balance of opinion on personal production prospects has increased again and those relating to order books have recovered.
In February 2025, the business climate in manufacturing industry has slightly rebounded. At 97, the synthetic indicator has won one point and has moved closer to its long-term average (100). The balance of opinion on personal production prospects has increased again and those relating to order books have recovered.
tableauBusiness climate in manufacturing - Composite indicator
| Business climate in manufacturing - Composite indicator | |
|---|---|
| 2025-02 | 97.1 |
| 2025-01 | 95.7 |
| 2024-12 | 97.0 |
| 2024-11 | 96.7 |
| 2024-10 | 92.9 |
| 2024-09 | 99.1 |
| 2024-08 | 98.9 |
| 2024-07 | 95.4 |
| 2024-06 | 98.9 |
| 2024-05 | 99.5 |
| 2024-04 | 100.0 |
| 2024-03 | 102.1 |
| 2024-02 | 100.7 |
| 2024-01 | 99.0 |
| 2023-12 | 99.4 |
| 2023-11 | 99.0 |
| 2023-10 | 99.0 |
| 2023-09 | 98.7 |
| 2023-08 | 96.8 |
| 2023-07 | 100.8 |
| 2023-06 | 100.4 |
| 2023-05 | 99.3 |
| 2023-04 | 100.9 |
| 2023-03 | 103.1 |
| 2023-02 | 103.3 |
| 2023-01 | 102.6 |
| 2022-12 | 101.7 |
| 2022-11 | 102.0 |
| 2022-10 | 103.8 |
| 2022-09 | 102.5 |
| 2022-08 | 103.3 |
| 2022-07 | 105.4 |
| 2022-06 | 107.6 |
| 2022-05 | 107.0 |
| 2022-04 | 107.9 |
| 2022-03 | 107.1 |
| 2022-02 | 111.4 |
| 2022-01 | 112.6 |
| 2021-12 | 109.4 |
| 2021-11 | 110.6 |
| 2021-10 | 108.1 |
| 2021-09 | 107.6 |
| 2021-08 | 109.3 |
| 2021-07 | 109.2 |
| 2021-06 | 107.4 |
| 2021-05 | 107.5 |
| 2021-04 | 103.6 |
| 2021-03 | 98.0 |
| 2021-02 | 97.0 |
| 2021-01 | 95.9 |
| 2020-12 | 94.8 |
| 2020-11 | 92.4 |
| 2020-10 | 94.6 |
| 2020-09 | 94.7 |
| 2020-08 | 91.0 |
| 2020-07 | 81.1 |
| 2020-06 | 76.6 |
| 2020-05 | 69.9 |
| 2020-04 | 66.3 |
| 2020-03 | 97.3 |
| 2020-02 | 100.3 |
| 2020-01 | 102.3 |
| 2019-12 | 99.2 |
| 2019-11 | 102.8 |
| 2019-10 | 100.3 |
| 2019-09 | 102.6 |
| 2019-08 | 102.0 |
| 2019-07 | 101.0 |
| 2019-06 | 101.8 |
| 2019-05 | 103.6 |
| 2019-04 | 101.1 |
| 2019-03 | 103.4 |
| 2019-02 | 102.9 |
| 2019-01 | 103.2 |
| 2018-12 | 103.7 |
| 2018-11 | 105.7 |
| 2018-10 | 105.0 |
| 2018-09 | 108.2 |
| 2018-08 | 108.6 |
| 2018-07 | 108.5 |
| 2018-06 | 109.6 |
| 2018-05 | 109.8 |
| 2018-04 | 110.4 |
| 2018-03 | 110.7 |
| 2018-02 | 112.4 |
| 2018-01 | 113.8 |
| 2017-12 | 112.2 |
| 2017-11 | 112.2 |
| 2017-10 | 112.1 |
| 2017-09 | 111.8 |
| 2017-08 | 110.1 |
| 2017-07 | 108.5 |
| 2017-06 | 109.0 |
| 2017-05 | 108.4 |
| 2017-04 | 108.2 |
| 2017-03 | 105.5 |
| 2017-02 | 106.6 |
| 2017-01 | 105.9 |
| 2016-12 | 105.8 |
| 2016-11 | 102.2 |
| 2016-10 | 102.2 |
| 2016-09 | 103.5 |
| 2016-08 | 101.6 |
| 2016-07 | 101.7 |
| 2016-06 | 101.6 |
| 2016-05 | 104.3 |
| 2016-04 | 104.8 |
| 2016-03 | 102.6 |
| 2016-02 | 103.1 |
| 2016-01 | 102.9 |
| 2015-12 | 102.6 |
| 2015-11 | 102.3 |
| 2015-10 | 103.2 |
| 2015-09 | 104.8 |
| 2015-08 | 103.6 |
| 2015-07 | 101.5 |
| 2015-06 | 100.2 |
| 2015-05 | 101.7 |
| 2015-04 | 101.5 |
| 2015-03 | 99.0 |
| 2015-02 | 98.3 |
| 2015-01 | 98.7 |
| 2014-12 | 98.6 |
| 2014-11 | 98.8 |
| 2014-10 | 97.3 |
| 2014-09 | 96.8 |
| 2014-08 | 96.5 |
| 2014-07 | 96.2 |
| 2014-06 | 96.4 |
| 2014-05 | 98.2 |
| 2014-04 | 100.3 |
| 2014-03 | 100.7 |
| 2014-02 | 98.2 |
| 2014-01 | 99.6 |
| 2013-12 | 99.2 |
| 2013-11 | 98.0 |
| 2013-10 | 97.8 |
| 2013-09 | 95.8 |
| 2013-08 | 98.4 |
| 2013-07 | 94.6 |
| 2013-06 | 92.5 |
| 2013-05 | 91.8 |
| 2013-04 | 87.3 |
| 2013-03 | 90.3 |
| 2013-02 | 90.3 |
| 2013-01 | 89.6 |
| 2012-12 | 90.6 |
| 2012-11 | 91.4 |
| 2012-10 | 86.7 |
| 2012-09 | 92.5 |
| 2012-08 | 92.7 |
| 2012-07 | 90.9 |
| 2012-06 | 92.9 |
| 2012-05 | 94.6 |
| 2012-04 | 95.5 |
| 2012-03 | 96.4 |
| 2012-02 | 94.8 |
| 2012-01 | 94.7 |
| 2011-12 | 94.5 |
| 2011-11 | 97.5 |
| 2011-10 | 97.3 |
| 2011-09 | 99.1 |
| 2011-08 | 101.3 |
| 2011-07 | 104.9 |
| 2011-06 | 109.9 |
| 2011-05 | 107.3 |
| 2011-04 | 110.3 |
| 2011-03 | 110.3 |
| 2011-02 | 106.9 |
| 2011-01 | 108.8 |
| 2010-12 | 104.1 |
| 2010-11 | 101.7 |
| 2010-10 | 104.0 |
| 2010-09 | 102.8 |
| 2010-08 | 100.2 |
| 2010-07 | 97.0 |
| 2010-06 | 95.4 |
| 2010-05 | 96.2 |
| 2010-04 | 94.7 |
| 2010-03 | 90.8 |
| 2010-02 | 88.2 |
| 2010-01 | 89.7 |
| 2009-12 | 86.9 |
| 2009-11 | 87.0 |
| 2009-10 | 84.6 |
| 2009-09 | 83.4 |
| 2009-08 | 80.3 |
| 2009-07 | 75.8 |
| 2009-06 | 74.1 |
| 2009-05 | 71.6 |
| 2009-04 | 69.9 |
| 2009-03 | 65.8 |
| 2009-02 | 67.8 |
| 2009-01 | 72.0 |
| 2008-12 | 72.6 |
| 2008-11 | 79.3 |
| 2008-10 | 86.8 |
| 2008-09 | 91.5 |
| 2008-08 | 98.0 |
| 2008-07 | 98.7 |
| 2008-06 | 103.5 |
| 2008-05 | 104.2 |
| 2008-04 | 107.5 |
| 2008-03 | 110.2 |
| 2008-02 | 110.5 |
| 2008-01 | 110.7 |
| 2007-12 | 112.7 |
| 2007-11 | 112.5 |
| 2007-10 | 110.2 |
| 2007-09 | 110.8 |
| 2007-08 | 111.2 |
| 2007-07 | 111.8 |
| 2007-06 | 111.5 |
| 2007-05 | 110.3 |
| 2007-04 | 112.2 |
| 2007-03 | 111.6 |
| 2007-02 | 112.0 |
| 2007-01 | 108.4 |
| 2006-12 | 109.3 |
| 2006-11 | 109.8 |
| 2006-10 | 107.3 |
| 2006-09 | 108.3 |
| 2006-08 | 108.7 |
| 2006-07 | 109.1 |
| 2006-06 | 108.7 |
| 2006-05 | 109.0 |
| 2006-04 | 108.0 |
| 2006-03 | 106.5 |
| 2006-02 | 106.6 |
| 2006-01 | 103.1 |
| 2005-12 | 104.1 |
| 2005-11 | 101.0 |
| 2005-10 | 101.1 |
| 2005-09 | 98.8 |
| 2005-08 | 99.5 |
| 2005-07 | 100.0 |
| 2005-06 | 98.9 |
| 2005-05 | 96.9 |
| 2005-04 | 96.5 |
| 2005-03 | 99.6 |
| 2005-02 | 103.1 |
| 2005-01 | 103.3 |
graphiqueBusiness climate in manufacturing - Composite indicator
- Source: INSEE.
tableauIndustrialists’ opinion on manufacturing industry
| Manufacturing industry | Ave.* | Nov-24 | Dec-24 | Jan-25 | Feb-25 |
|---|---|---|---|---|---|
| Business climate | 100 | 97 | 97 | 96 | 97 |
| Past production | 5 | -7 | -9 | 0 | -3 |
| Finished-goods inventory | 12 | 8 | 15 | 10 | 9 |
| Overall order books | -18 | -21 | -18 | -26 | -24 |
| Foreign order books | -14 | -19 | -8 | -19 | -17 |
| Past workforce size | -8 | -2 | -3 | -5 | -6 |
| Expected workforce size | -9 | 2 | -1 | -1 | -4 |
| Personal production prospects | 6 | 5 | -1 | 1 | 6 |
| General production prospects | -7 | -14 | -19 | -15 | -15 |
| Expected trend in selling prices | 4 | 3 | 2 | 9 | 6 |
| Economic uncertainty felt** | 29 | 23 | 32 | 28 | 28 |
- * 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.
Personal production prospects have improved again; balances associated with order books have rebounded
In February 2025, the balance of opinion on personal production prospects has increased again and returned to its long-term average. The one relating to general production prospects in the industry is stable and remains at a level well below its long-term average. Finally, the balance of opinion on past production has retreated and has moved away from its average. The balance on economic uncertainty felt by business leaders is stable, just below its own.
The balances of opinion associated with the level of order books, both global and foreign, have rebounded. However, both remain below their respective average, with the one on global order books standing furthest from its own.
The balance of opinion on the current level of finished-goods inventories has slightly decreased again and has moved away from its long-term average.
The balances of opinion on the evolution of workforce size, both past and expected, have diminished and have moved closer to their respective average. Both are at their lowest level since April 2021.
The balance of opinion relating to the expected trend in selling prices over the next three months has retreated but remains above its average.
The share of companies reporting being limited in their production by workforce shortage is stable, above its average. The share reporting sourcing difficulties as a limiting factor to their production has slightly decreased but remains above its average. In total, the proportion of companies declaring supply-side obstacles only is stable: at 24%, it remains slightly above its long-term average. The share of companies reporting obstacles linked to demand only has slightly diminished: at 24%, it is well below its long-term average.
tableauShare of companies declaring obstacles limiting their production*
| Manufacturing industry | Ave.** | Nov-24 | Dec-24 | Jan-25 | Feb-25 |
|---|---|---|---|---|---|
| Difficulties of supply and demand | 9 | 9 | 13 | 11 | 11 |
| Sourcing difficulties | 11 | 11 | 14 | 18 | 17 |
| Workforce shortage | 9 | 10 | 12 | 12 | 12 |
| Difficulties of supply only | 22 | 24 | 24 | 24 | 24 |
| Difficulties of demand only | 39 | 29 | 25 | 25 | 24 |
- * 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.
The business climate has rebounded in the manufacturing of machinery and equipment goods and in the manufacturing of transport equipment
In February 2025, the business climate indicator in the manufacturing of food products and beverages is stable. At 97, it is below its long-term average. The balance of opinion on foreign order books has rebounded but the balances relating to production, both past and expected, have retreated.
In the manufacturing of machinery and equipment goods, the synthetic indicator of the business climate has rebounded but remains weak (96), below its long-term average. The balances of opinion on foreign order books and on personal production prospects are the main contributors to this rebound. The business climate indicator has recovered slightly in the manufacturing of machinery and equipment and more sharply in the manufacturing of electrical equipment.
In the manufacturing of transport equipment, the synthetic indicator of the business climate has resumed rising and has gone back above its long-term average. In the sub-sector of motor vehicles, trailers and semi-trailers, the indicator has recovered, mainly due to the rise in the balance of opinion on global order books and, to a lesser extent, in that on personal production prospects. In the “other transport equipment”, the indicator has rebounded more slightly, mainly because of the balances of opinion on order books, both global and foreign.
Finally, the business climate indicator in “other manufacturing” is stable. At 95, the indicator nevertheless remains below its long-term average. The business climate has markedly brightened in the manufacturing of wood, paper, printing and has gone back above its average, mainly due to the increase in balances of opinion on order books. However, the climate has darkened in “chemicals and chemical products” and in “rubber and plastic products”.
tableauBusiness climates in a sector-based approach
| (C1) | (C3) | (C4) | (C5) | |
|---|---|---|---|---|
| 2025-02 | 97.0 | 95.7 | 102.2 | 94.5 |
| 2025-01 | 96.9 | 94.0 | 99.0 | 94.6 |
| 2024-12 | 97.9 | 96.7 | 109.7 | 93.1 |
| 2024-11 | 97.0 | 96.9 | 101.5 | 94.2 |
| 2024-10 | 95.9 | 95.9 | 95.5 | 94.3 |
| 2024-09 | 94.9 | 98.5 | 110.1 | 94.0 |
| 2024-08 | 97.3 | 95.7 | 110.1 | 95.1 |
| 2024-07 | 92.0 | 97.3 | 100.2 | 94.2 |
| 2024-06 | 92.2 | 99.2 | 109.4 | 95.2 |
| 2024-05 | 90.3 | 99.4 | 109.0 | 96.8 |
| 2024-04 | 92.1 | 97.0 | 111.1 | 95.3 |
| 2024-03 | 89.6 | 102.3 | 112.2 | 96.0 |
| 2024-02 | 86.8 | 98.5 | 111.1 | 96.5 |
| 2024-01 | 86.8 | 98.8 | 112.3 | 94.3 |
| 2023-12 | 85.8 | 98.7 | 111.4 | 95.2 |
| 2023-11 | 86.0 | 103.8 | 110.5 | 94.4 |
| 2023-10 | 85.0 | 101.2 | 111.9 | 94.8 |
| 2023-09 | 88.0 | 104.7 | 103.2 | 95.9 |
| 2023-08 | 88.0 | 102.3 | 102.9 | 95.2 |
| 2023-07 | 91.6 | 106.4 | 111.8 | 94.6 |
| 2023-06 | 87.1 | 105.7 | 105.1 | 94.8 |
| 2023-05 | 92.4 | 106.3 | 103.7 | 95.0 |
| 2023-04 | 93.9 | 109.8 | 103.4 | 97.3 |
| 2023-03 | 97.2 | 111.6 | 103.5 | 98.4 |
| 2023-02 | 101.7 | 109.9 | 104.2 | 96.5 |
| 2023-01 | 100.8 | 111.1 | 103.1 | 96.7 |
| 2022-12 | 99.6 | 112.2 | 102.3 | 96.0 |
| 2022-11 | 104.9 | 111.0 | 103.6 | 96.0 |
| 2022-10 | 108.9 | 114.1 | 104.7 | 97.0 |
| 2022-09 | 107.3 | 111.6 | 99.5 | 98.7 |
| 2022-08 | 107.6 | 112.9 | 99.9 | 99.7 |
| 2022-07 | 107.3 | 112.6 | 105.2 | 101.7 |
| 2022-06 | 107.4 | 112.4 | 101.8 | 105.8 |
| 2022-05 | 107.1 | 112.0 | 101.4 | 104.9 |
| 2022-04 | 109.3 | 113.3 | 101.7 | 108.5 |
| 2022-03 | 109.8 | 112.0 | 99.6 | 107.7 |
| 2022-02 | 110.9 | 114.9 | 103.9 | 111.7 |
| 2022-01 | 112.2 | 115.8 | 104.5 | 110.9 |
| 2021-12 | 116.5 | 116.6 | 91.1 | 112.4 |
| 2021-11 | 116.0 | 116.5 | 97.3 | 114.0 |
| 2021-10 | 113.6 | 115.9 | 90.4 | 111.9 |
| 2021-09 | 109.7 | 116.1 | 89.3 | 113.2 |
| 2021-08 | 111.2 | 119.5 | 92.4 | 113.2 |
| 2021-07 | 114.4 | 114.8 | 91.9 | 114.8 |
| 2021-06 | 116.6 | 115.4 | 89.8 | 110.8 |
| 2021-05 | 116.1 | 111.9 | 89.7 | 110.4 |
| 2021-04 | 105.8 | 112.9 | 88.5 | 107.1 |
| 2021-03 | 100.2 | 106.0 | 83.0 | 104.0 |
| 2021-02 | 94.6 | 105.1 | 88.8 | 101.5 |
| 2021-01 | 91.7 | 103.1 | 87.0 | 100.7 |
| 2020-12 | 89.3 | 95.3 | 88.8 | 101.9 |
| 2020-11 | 93.3 | 91.1 | 90.6 | 95.1 |
| 2020-10 | 94.5 | 93.0 | 91.4 | 95.8 |
| 2020-09 | 102.7 | 90.2 | 92.7 | 92.8 |
| 2020-08 | 96.6 | 89.8 | 90.6 | 87.7 |
| 2020-07 | 88.4 | 84.6 | 79.6 | 81.1 |
| 2020-06 | 90.9 | 79.1 | 75.9 | 78.4 |
| 2020-05 | 91.5 | 76.7 | 74.8 | 73.6 |
| 2020-04 | 93.5 | 76.8 | 72.3 | 72.4 |
| 2020-03 | 107.9 | 98.1 | 94.8 | 97.1 |
| 2020-02 | 108.2 | 98.9 | 99.3 | 100.3 |
| 2020-01 | 108.3 | 99.8 | 105.5 | 99.4 |
| 2019-12 | 107.7 | 97.3 | 100.8 | 97.9 |
| 2019-11 | 104.9 | 98.2 | 107.4 | 101.3 |
| 2019-10 | 105.9 | 96.1 | 101.3 | 99.9 |
| 2019-09 | 108.4 | 99.8 | 102.5 | 101.9 |
| 2019-08 | 108.6 | 99.2 | 101.5 | 101.8 |
| 2019-07 | 103.0 | 102.8 | 99.6 | 100.3 |
| 2019-06 | 108.7 | 98.8 | 100.4 | 100.8 |
| 2019-05 | 111.0 | 104.0 | 102.1 | 102.1 |
| 2019-04 | 107.3 | 101.1 | 100.4 | 100.5 |
| 2019-03 | 107.8 | 100.3 | 102.2 | 101.5 |
| 2019-02 | 108.5 | 104.3 | 99.5 | 101.3 |
| 2019-01 | 108.1 | 102.5 | 102.0 | 102.2 |
| 2018-12 | 107.9 | 102.7 | 103.0 | 102.4 |
| 2018-11 | 109.0 | 102.2 | 105.1 | 103.1 |
| 2018-10 | 102.8 | 106.4 | 104.2 | 103.8 |
| 2018-09 | 107.7 | 107.8 | 105.8 | 105.5 |
| 2018-08 | 107.8 | 107.3 | 106.5 | 105.9 |
| 2018-07 | 107.3 | 107.8 | 106.6 | 106.6 |
| 2018-06 | 109.5 | 107.5 | 109.8 | 105.7 |
| 2018-05 | 108.1 | 110.9 | 108.4 | 107.7 |
| 2018-04 | 110.4 | 109.1 | 111.6 | 107.4 |
| 2018-03 | 109.3 | 109.2 | 111.2 | 109.6 |
| 2018-02 | 110.2 | 110.0 | 111.7 | 110.2 |
| 2018-01 | 111.2 | 111.4 | 112.1 | 111.3 |
| 2017-12 | 111.3 | 111.3 | 111.0 | 110.7 |
| 2017-11 | 112.0 | 109.9 | 110.2 | 111.6 |
| 2017-10 | 112.1 | 109.1 | 109.1 | 111.5 |
| 2017-09 | 106.8 | 107.8 | 110.1 | 109.3 |
| 2017-08 | 108.9 | 106.1 | 108.8 | 108.3 |
| 2017-07 | 109.2 | 108.5 | 109.1 | 106.9 |
| 2017-06 | 111.7 | 108.3 | 104.9 | 108.6 |
| 2017-05 | 105.8 | 108.3 | 105.3 | 106.9 |
| 2017-04 | 105.6 | 106.4 | 103.9 | 107.6 |
| 2017-03 | 104.4 | 103.9 | 104.6 | 104.8 |
| 2017-02 | 105.4 | 103.3 | 105.7 | 106.4 |
| 2017-01 | 103.7 | 101.5 | 106.2 | 105.7 |
| 2016-12 | 108.7 | 103.2 | 104.6 | 105.0 |
| 2016-11 | 108.1 | 99.5 | 102.0 | 101.5 |
| 2016-10 | 106.8 | 97.3 | 105.9 | 101.3 |
| 2016-09 | 109.3 | 98.5 | 105.3 | 100.5 |
| 2016-08 | 99.5 | 98.3 | 104.1 | 101.5 |
| 2016-07 | 104.7 | 97.5 | 105.4 | 101.7 |
| 2016-06 | 103.3 | 97.2 | 106.0 | 101.5 |
| 2016-05 | 103.5 | 97.2 | 105.8 | 103.9 |
| 2016-04 | 106.1 | 100.0 | 109.2 | 101.3 |
| 2016-03 | 101.7 | 99.2 | 105.9 | 101.2 |
| 2016-02 | 100.3 | 100.8 | 109.2 | 99.9 |
| 2016-01 | 101.7 | 100.7 | 108.2 | 99.5 |
| 2015-12 | 100.1 | 98.1 | 108.0 | 101.8 |
| 2015-11 | 102.6 | 99.7 | 107.8 | 99.5 |
| 2015-10 | 104.5 | 98.2 | 108.1 | 99.9 |
| 2015-09 | 105.6 | 96.1 | 109.3 | 102.7 |
| 2015-08 | 103.3 | 97.3 | 108.4 | 101.5 |
| 2015-07 | 108.6 | 98.4 | 104.9 | 102.9 |
| 2015-06 | 105.2 | 97.1 | 105.3 | 100.9 |
| 2015-05 | 101.9 | 97.3 | 104.9 | 101.6 |
| 2015-04 | 104.8 | 96.7 | 107.1 | 100.7 |
| 2015-03 | 101.0 | 94.3 | 105.2 | 100.2 |
| 2015-02 | 99.6 | 95.0 | 100.5 | 100.3 |
| 2015-01 | 103.3 | 93.3 | 101.4 | 99.8 |
| 2014-12 | 99.3 | 92.0 | 99.4 | 100.2 |
| 2014-11 | 96.2 | 92.0 | 99.9 | 99.8 |
| 2014-10 | 95.7 | 92.5 | 97.0 | 98.5 |
| 2014-09 | 94.4 | 92.1 | 100.9 | 97.2 |
| 2014-08 | 95.8 | 93.4 | 97.6 | 100.6 |
| 2014-07 | 97.3 | 89.1 | 98.6 | 99.1 |
| 2014-06 | 95.7 | 91.7 | 97.7 | 98.5 |
| 2014-05 | 98.3 | 93.7 | 97.7 | 99.5 |
| 2014-04 | 96.0 | 92.8 | 102.5 | 100.2 |
| 2014-03 | 99.8 | 92.8 | 100.5 | 102.5 |
| 2014-02 | 99.3 | 93.7 | 98.0 | 98.3 |
| 2014-01 | 99.5 | 91.0 | 101.9 | 98.7 |
| 2013-12 | 98.3 | 91.9 | 99.4 | 99.2 |
| 2013-11 | 98.2 | 92.1 | 102.1 | 98.7 |
| 2013-10 | 95.5 | 90.1 | 103.5 | 97.7 |
| 2013-09 | 95.0 | 89.9 | 97.3 | 97.1 |
| 2013-08 | 95.5 | 91.5 | 101.1 | 97.1 |
| 2013-07 | 92.5 | 89.5 | 98.5 | 94.9 |
| 2013-06 | 92.7 | 89.1 | 94.4 | 93.2 |
| 2013-05 | 91.6 | 89.3 | 94.7 | 91.7 |
| 2013-04 | 91.7 | 89.5 | 92.6 | 89.1 |
| 2013-03 | 94.0 | 88.8 | 93.3 | 91.2 |
| 2013-02 | 98.1 | 88.8 | 94.3 | 90.1 |
| 2013-01 | 97.6 | 87.9 | 92.8 | 91.2 |
| 2012-12 | 98.8 | 87.4 | 92.2 | 91.8 |
| 2012-11 | 98.2 | 87.2 | 92.7 | 92.2 |
| 2012-10 | 91.0 | 86.1 | 95.9 | 89.3 |
| 2012-09 | 96.8 | 91.0 | 97.6 | 93.6 |
| 2012-08 | 93.9 | 90.2 | 95.1 | 93.5 |
| 2012-07 | 94.6 | 90.9 | 95.4 | 92.2 |
| 2012-06 | 95.1 | 90.9 | 95.5 | 93.6 |
| 2012-05 | 93.4 | 94.9 | 95.0 | 95.8 |
| 2012-04 | 99.2 | 95.7 | 94.3 | 97.8 |
| 2012-03 | 102.7 | 96.4 | 103.1 | 97.1 |
| 2012-02 | 100.7 | 96.2 | 93.6 | 95.9 |
| 2012-01 | 100.0 | 96.1 | 94.6 | 94.0 |
| 2011-12 | 98.6 | 96.1 | 99.9 | 94.5 |
| 2011-11 | 102.3 | 96.1 | 102.6 | 94.1 |
| 2011-10 | 104.6 | 98.3 | 100.2 | 96.4 |
| 2011-09 | 102.0 | 99.5 | 98.4 | 98.1 |
| 2011-08 | 103.6 | 100.4 | 101.8 | 100.4 |
| 2011-07 | 111.6 | 102.4 | 103.5 | 105.0 |
| 2011-06 | 108.7 | 104.1 | 109.3 | 109.0 |
| 2011-05 | 109.9 | 103.2 | 105.0 | 107.8 |
| 2011-04 | 109.1 | 104.6 | 105.8 | 110.1 |
| 2011-03 | 106.8 | 106.4 | 106.2 | 109.9 |
| 2011-02 | 107.4 | 101.7 | 98.8 | 108.5 |
| 2011-01 | 109.1 | 103.8 | 104.9 | 105.3 |
graphiqueBusiness climates in a sector-based approach
- Legend: (C1): Manufacture of food products and beverages - (C3): Machinery and equipment goods - (C4): Manufacture of transport equipment - (C5): Other manufacturing.
- Source: INSEE.
tableauBusiness climates in a sector-based approach
| NA* : (A17) and [A38 and A64] | Weights** (%) | Dec-24 | Jan-25 | Feb-25 |
|---|---|---|---|---|
| (C1) Man. of food products and beverages | 20 | 98 | 97 | 97 |
| (C3) Machinery and equipment goods | 11 | 97 | 94 | 96 |
| [CI] Computer, electronic and optical products | 4 | 107 | 104 | 104 |
| [CJ] Electrical equipment | 3 | 94 | 93 | 97 |
| [CK] Machinery and equipment | 5 | 93 | 89 | 90 |
| (C4) Man. of transport equipment | 19 | 110 | 99 | 102 |
| [CL1] Motor vehicles, trailers and semi-trailers | 9 | 97 | 92 | 95 |
| [CL2] Other transport equipment | 10 | 116 | 103 | 104 |
| (C5) Other manufacturing | 45 | 93 | 95 | 95 |
| [CB] Textiles, clothing industries, leather and footwear industry | 2 | 99 | 104 | 104 |
| [CC] Wood, paper, printing | 4 | 94 | 94 | 102 |
| [CE] Chemicals and chemical products | 8 | 88 | 92 | 90 |
| [CG] Rubber and plastic products | 7 | 87 | 90 | 87 |
| [CH] Basic metals and fabricated metal products | 11 | 93 | 91 | 92 |
| [CM] Other manufacturing industries / Manufacture of other industrial products | 10 | 103 | 102 | 104 |
- * 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 January 2025 has been revised upwards by one point (after rounding). This revision is mainly due to the inclusion of late responses from companies.
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.
Additional information (methodology, links, etc.) is available on the “Documentation” tab.
Answers to this survey have been gathered between 27 January 2025 and 18 February 2025; most companies answer during the first two weeks of collection.
Next issue: 21 March 2025 at 8:45 am.
Documentation
Changes to business tendency surveys – October 2021 (pdf,181 Ko)
Abbreviated methodology (pdf,157 Ko)
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.
Additional information (methodology, links, etc.) is available on the “Documentation” tab.
Answers to this survey have been gathered between 27 January 2025 and 18 February 2025; most companies answer during the first two weeks of collection.
Next issue: 21 March 2025 at 8:45 am.