Business сlimate indicator in France increased significantly in June

According to the report from Insee, in June 2021, the business climate has improved significantly again. The indicator that synthesizes it, calculated from the responses of business leaders in the main market sectors of activity, has gained 5 points. At 113, it stands at the highest level since mid-2007, far above its pre-health crisis level (105), and, even more so, above its long term average (100). This further improvement in the business climate is mainly driven by the increase in the balance of opinion on the general business outlook in services.

In manufacturing, the business climate has stable, after five months of continuous rise. However, the balance of opinion on the general business outlook of the sector has increased significantly.

In the services sector, the climate has gained 6 points. The balance of opinion on the general business outlook has reached its highest level since September 2000 and, overall, the business managers' expectations have improved very strongly.

In retail trade (including trade and repair of vehicles), the business climate has gained 8 points, especially due to the strong increase in the balance of opinion on the general business outlook, to its highest level since the beginning of the series (January 1991).

Finally, in building construction, the balance of opinion relating to recent activity has improved significantly. The supply difficulties are however deemed on the rise.