For the third consecutive month, the business climate remained stable in November, two points above its long-term average, according to data published this Thursday by INSEE. The maintenance of the index at its level of September and October (102) is the result of “contrasted evolution” according to the National Institute of Statistics (Insee): “the economic situation deteriorates somewhat in industry, construction and services compared to October , but improvement in wholesale trade compared to September”.
Slight drop in work environment
In both construction (113) and services (104), the business climate deteriorated by two points in November but remains well above the long-term average, set at 100 by agreement. Compared to October, the industrial sector also loses two points (101) and approaches the fateful threshold, “business leaders are less positive about their recent activity and their order books”, details the ‘Insee.
The last sector studied by INSEE, retail trade, was characterized by its stability in November and remained three points below its long-term average. The work climate fell one point compared to October but remained very well oriented (108).
Source: BFM TV
