the business climate "darkens" in September, according to INSEE

However, the outlook remains slightly better than the long-term average.

The business climate in France deteriorated in September, with business leaders showing themselves more pessimistic on their activity and their prospects, INSEE reported on Thursday. The indicator that summarizes the business climate lost two points to 102 points, and still remains slightly above its long-term average, which is 100 points, specifies the National Institute of Statistics. "All major sectors of activity contribute to this deterioration, with the exception of construction“, specifies the INSEE in its press release.

In industry, business leaders are more pessimistic about their future activity and their order books, while in services, the opinion of business leaders has become more negative about their activity over the past three months. In the retail trade, after an upturn in August, managers are now "more pessimistic about the sector's business outlookwhose indicator, at 96 points, remains below its long-term average. In construction, the business climate is stabilizing at a very high level compared to its long-term average, even gaining one point, to 114 points.

Finally, the employment climateremains favorable“, still raises the Insee. The indicator, which has been fluctuating between 107 and 110 since May, gained two points compared to August, rising to 109 points. This good outfit ismainly due to the recent and future evolution of the workforce in the services“, excluding temporary agencies, specifies the institute.

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