According to business leaders interviewed in May 2021, the business climate is improving very strongly in services, in connection with the gradual lifting of health restrictions. At 107, the indicator that synthesizes it gains 15 points and is therefore, for the first time since the start of the health crisis, above its long-term average (100).
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Graphic
Board
board Synthetic indicator of the business climate
| Synthetic indicator of the business climate | |
|---|---|
| 2005-01 | 106.9 |
| 2005-02 | 106.7 |
| 2005-03 | 108.6 |
| 2005-04 | 108.3 |
| 2005-05 | 106.4 |
| 2005-06 | 108.6 |
| 2005-07 | 108.0 |
| 2005-08 | 107.7 |
| 2005-09 | 107.3 |
| 2005-10 | 108.8 |
| 2005-11 | 106.8 |
| 2005-12 | 107.1 |
| 2006-01 | 109.0 |
| 2006-02 | 106.6 |
| 2006-03 | 107.9 |
| 2006-04 | 108.2 |
| 2006-05 | 110.7 |
| 2006-06 | 109.4 |
| 2006-07 | 110.6 |
| 2006-08 | 110.7 |
| 2006-09 | 110.8 |
| 2006-10 | 111.1 |
| 2006-11 | 113.2 |
| 2006-12 | 111.6 |
| 2007-01 | 111.1 |
| 2007-02 | 112.5 |
| 2007-03 | 113.5 |
| 2007-04 | 113.2 |
| 2007-05 | 113.1 |
| 2007-06 | 112.8 |
| 2007-07 | 113.3 |
| 2007-08 | 112.5 |
| 2007-09 | 111.7 |
| 2007-10 | 110.4 |
| 2007-11 | 110.5 |
| 2007-12 | 109.5 |
| 2008-01 | 110.7 |
| 2008-02 | 109.0 |
| 2008-03 | 109.1 |
| 2008-04 | 107.6 |
| 2008-05 | 105.2 |
| 2008-06 | 102.1 |
| 2008-07 | 98.0 |
| 2008-08 | 96.5 |
| 2008-09 | 94.5 |
| 2008-10 | 86.2 |
| 2008-11 | 82.3 |
| 2008-12 | 79.3 |
| 2009-01 | 76.8 |
| 2009-02 | 75.6 |
| 2009-03 | 70.6 |
| 2009-04 | 70.8 |
| 2009-05 | 74.7 |
| 2009-06 | 79.1 |
| 2009-07 | 82.6 |
| 2009-08 | 85.2 |
| 2009-09 | 88.3 |
| 2009-10 | 91.4 |
| 2009-11 | 92.8 |
| 2009-12 | 93.3 |
| 2010-01 | 94.7 |
| 2010-02 | 94.9 |
| 2010-03 | 95.1 |
| 2010-04 | 98.2 |
| 2010-05 | 99.8 |
| 2010-06 | 98.9 |
| 2010-07 | 99.7 |
| 2010-08 | 101.2 |
| 2010-09 | 102.2 |
| 2010-10 | 103.4 |
| 2010-11 | 105.3 |
| 2010-12 | 107.2 |
| 2011-01 | 107.5 |
| 2011-02 | 109.6 |
| 2011-03 | 110.7 |
| 2011-04 | 109.4 |
| 2011-05 | 108.1 |
| 2011-06 | 107.6 |
| 2011-07 | 105.7 |
| 2011-08 | 101.4 |
| 2011-09 | 99.3 |
| 2011-10 | 98.2 |
| 2011-11 | 96.1 |
| 2011-12 | 95.7 |
| 2012-01 | 93.9 |
| 2012-02 | 93.3 |
| 2012-03 | 94.6 |
| 2012-04 | 96.6 |
| 2012-05 | 93.1 |
| 2012-06 | 91.1 |
| 2012-07 | 90.7 |
| 2012-08 | 88.7 |
| 2012-09 | 88.4 |
| 2012-10 | 87.2 |
| 2012-11 | 86.7 |
| 2012-12 | 88.2 |
| 2013-01 | 89.2 |
| 2013-02 | 88.0 |
| 2013-03 | 85.3 |
| 2013-04 | 84.4 |
| 2013-05 | 85.8 |
| 2013-06 | 87.1 |
| 2013-07 | 87.6 |
| 2013-08 | 89.5 |
| 2013-09 | 93.0 |
| 2013-10 | 92.5 |
| 2013-11 | 93.2 |
| 2013-12 | 91.8 |
| 2014-01 | 93.1 |
| 2014-02 | 92.9 |
| 2014-03 | 93.8 |
| 2014-04 | 94.1 |
| 2014-05 | 93.1 |
| 2014-06 | 93.1 |
| 2014-07 | 93.3 |
| 2014-08 | 92.4 |
| 2014-09 | 91.9 |
| 2014-10 | 92.1 |
| 2014-11 | 92.1 |
| 2014-12 | 92.1 |
| 2015-01 | 91.9 |
| 2015-02 | 92.2 |
| 2015-03 | 93.0 |
| 2015-04 | 94.6 |
| 2015-05 | 96.1 |
| 2015-06 | 97.4 |
| 2015-07 | 98.1 |
| 2015-08 | 99.1 |
| 2015-09 | 98.2 |
| 2015-10 | 100.1 |
| 2015-11 | 99.9 |
| 2015-12 | 97.7 |
| 2016-01 | 100.6 |
| 2016-02 | 100.4 |
| 2016-03 | 100.1 |
| 2016-04 | 98.9 |
| 2016-05 | 101.3 |
| 2016-06 | 99.7 |
| 2016-07 | 100.9 |
| 2016-08 | 100.5 |
| 2016-09 | 101.3 |
| 2016-10 | 101.3 |
| 2016-11 | 101.3 |
| 2016-12 | 104.0 |
| 2017-01 | 102.1 |
| 2017-02 | 103.2 |
| 2017-03 | 103.7 |
| 2017-04 | 103.6 |
| 2017-05 | 103.2 |
| 2017-06 | 104.0 |
| 2017-07 | 104.2 |
| 2017-08 | 106.2 |
| 2017-09 | 106.9 |
| 2017-10 | 107.1 |
| 2017-11 | 107.7 |
| 2017-12 | 109.0 |
| 2018-01 | 108.0 |
| 2018-02 | 106.8 |
| 2018-03 | 107.0 |
| 2018-04 | 106.2 |
| 2018-05 | 104.7 |
| 2018-06 | 105.2 |
| 2018-07 | 104.7 |
| 2018-08 | 104.1 |
| 2018-09 | 104.9 |
| 2018-10 | 103.6 |
| 2018-11 | 104.1 |
| 2018-12 | 102.6 |
| 2019-01 | 103.9 |
| 2019-02 | 103.8 |
| 2019-03 | 105.0 |
| 2019-04 | 105.8 |
| 2019-05 | 106.2 |
| 2019-06 | 106.6 |
| 2019-07 | 105.4 |
| 2019-08 | 105.1 |
| 2019-09 | 106.0 |
| 2019-10 | 106.1 |
| 2019-11 | 106.5 |
| 2019-12 | 106.9 |
| 2020-01 | 106.5 |
| 2020-02 | 106.2 |
| 2020-03 | 93.3 |
| 2020-04 | 42.1 |
| 2020-05 | 52.3 |
| 2020-06 | 78.6 |
| 2020-07 | 88.7 |
| 2020-08 | 93.3 |
| 2020-09 | 94.7 |
| 2020-10 | 89.1 |
| 2020-11 | 78.3 |
| 2020-12 | 90.3 |
| 2021-01 | 91.7 |
| 2021-02 | 88.5 |
| 2021-03 | 94.1 |
| 2021-04 | 91.8 |
| 2021-05 | 107.0 |
– – In May 2021, business leaders are much more optimistic than in the previous month. The balance of opinion on the general activity outlook for the sector for the next three months is picking up very clearly; he is back above his long-term average. The balances on activity and demand forecast for the next three months are also rebounding very clearly and are also rising above their respective averages.
The balance of opinion on the activity of the last three months improved again in May and approached its long-term average.
More business leaders than in the previous month report an increase in their selling prices. The balance of opinion on recent price developments is approaching its average level. That on the expected evolution of prices also increases significantly and passes above its average level.
Regarding employment, the balance of opinion on the evolution of the workforce over the last three months has rebounded strongly but remains below its average. That on the expected evolution of the workforce is also recovering sharply and returns above his own.
The balance of opinion relating to past investments is recovering and is almost back to its average. That on planned investments also rebounded but remained below its own.
– Balance of opinion, in%, CVS – – In accommodation and catering, a sub-sector among the most affected by health measures, the business climate is rebounding very clearly. At 114, the indicator which synthesizes it gained 40 points – an increase of a magnitude comparable to that observed in June 2020 – and returned to above its average (100), for the first time since February 2020. The balances relating to outlook for the next three months is rebounding very strongly.
In specialized, scientific and technical activities and in administrative and support services, the business climate is also picking up very clearly: in these two sectors, the synthetic indicator is clearly above its average.
In real estate activities, the business climate is improving markedly and is now well above its average. In road freight transport, the climate is improving again and is further above its long-term average. In information-communication, he improved very slightly and remained above his average.
– Balance of opinion, in%, CVS – – The business climates for April 2021 in the service sector, as well as in the accommodation and food services sub-sector and that of specialized, scientific and technical activities are revised upwards by one point. These revisions are mainly due to the inclusion of late responses from companies.
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graphic Synthetic indicator of the business climate
Expectations of business leaders are rebounding sharply
board Economic situation in services
Moy *
Feb. 2021
Mar. 2021
Apr 2021
May 2021
Business climate
100
88
94
92
107
General outlook
-8
-21
-9
-13
6
Past activity
1
-9
-8
-5
-1
Planned activity
1
-12
-8
-12
6
Expected demand
-1
-12
-6
-9
10
Past prices
-4
-9
-10
-9
-5
Expected prices
-3
-11
-8
-8
-1
Past workforce
2
-16
-12
-14
-5
Non-interim services
0
-20
-14
-10
-6
Planned workforce
2
-8
-6
-7
4
Non-interim services
-1
-16
-10
-9
0
Investments
past
1
-8
-6
-7
0
planned
1
-10
-7
-11
-6
The business climate is improving in all sub-sectors, particularly in accommodation and food services
board Business climate and balances of opinion by sub-sector in services
Aggregate nomenclature (NA 2008) at “A21” level
Moy *
Feb. 2021
Mar. 2021
Apr 2021
May 2021
Road freight transport (8%)
Business climate
100
97
102
104
109
Past activity
-6
-6
-10
7
9
Planned activity
-7
-18
-6
-3
6
Expected demand
-9
-12
-6
-4
16
Past workforce
-6
0
-5
-7
-9
Planned workforce
-7
-12
-3
-1
-4
General outlook
-19
-21
-4
-6
5
Accommodation and food services (11%)
Business climate
100
66
78
74
114
Past activity
-8
-57
-39
-43
-32
Planned activity
-8
-54
-38
-43
14
Expected demand
-10
-49
-40
-42
20
Past workforce
-5
-47
-32
-31
-18
Planned workforce
-7
-42
-26
-24
3
General outlook
-15
-65
-44
-55
10
Information-communication (26%)
Business climate
100
96
99
102
103
Past activity
7
15
14
16
20
Planned activity
9
8
11
-5
6
Expected demand
9
13
10
5
11
Past workforce
6
-16
-8
13
6
Planned workforce
10
1
1
18
6
General outlook
0
-9
1
-1
8
Real estate activities (11%)
Business climate
100
92
102
101
109
Past activity
6
-7
4
-3
-3
Planned activity
6
-1
7
4
14
Expected demand
1
-4
7
10
16
Past workforce
2
5
4
2
2
Planned workforce
2
0
6
10
13
General outlook
-4
-15
-5
-5
5
Professional, scientific and technical activities (24%)
Business climate
100
89
93
91
105
Past activity
-1
-13
-15
-9
-5
Planned activity
-3
-15
-14
-12
3
Expected demand
-6
-19
-11
-13
-1
Past workforce
0
-14
-16
-13
-7
Planned workforce
0
-10
-8
-16
-3
General outlook
-9
-18
-10
-17
4
Administrative and support services (18%)
Business climate
100
86
91
88
105
Past activity
5
-11
-14
-16
-1
Planned activity
4
-12
-11
-11
5
Expected demand
3
-16
-7
-12
15
Past workforce
8
-7
-5
-22
-4
Planned workforce
7
6
3
-9
7
General outlook
-4
-24
-12
-12
9
Revisions
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