The business climate will decrease in October, according to INSEE

The business climate in France deteriorates in Octoberthe indicator that summarizes it, calculated from the responses of business leaders, after losing one point although it had improved in September and August, INSEE pointed out on Thursday in a press release . The indicator is at 97 and is still below the long-term average set at 100, due to “big fall” business climate, “There is no compensation at all” with development in the services sector, said the National Institute of Statistics and Economic Studies in their press release.

In October, the business climate became very dark in business, with the indicator falling from 99 to 92 in one month. “In particular, the balance of views on past production, personal production opportunities and order books is declining significantly. “emphasizing INSEE. In services, the business climate is recovering and is at 101, the level in June. It decreases by one point in sales trade and increases to 99.

In construction, the business climate remains stable and remains at the level of its long-term average, at 100, with a “slight decline in perception of future activity”referring to INSEE. Finally, the employment situation fell to 97 and lost two points compared to September. Decline is mainly due to the services sector, reveals INSEE.