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Economy in Brief
German PPI Accelerates
The German year-on-year PPI has generally been decelerating since early 2017...
U.S. Leading Economic Indicators Signal Continued Expansion
The Conference Board's Composite Index of Leading Economic Indicators increased 0.3% during March...
Philadelphia Fed Factory Conditions Improve; Prices Jump
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index rose to 23.2 during April...
U.S. Initial Claims for Unemployment Insurance Are Little Changed
Initial unemployment insurance claims slipped to 232,000 (-6.1% y/y) during the week ended April 14...
U.K. Retail Sales Fall
U.K. GDP is expected to cool its jets when the first quarter GDP number is released...
by Robert Brusca July 25, 2007
The INSEE Biz index for French industry is still in its impressive uptrend. Yet it is only in the 74th percentile of its range and it is about 10% above its mean value. The index is off peak and while the trend is technically still in place it is appropriate to wonder if the uptrend is abating.
Orders and demand trends are still firm but so is the series likely price trend. The MFG portion of the survey shows a bit more of a loss in momentum. The Production trend reading fell off in July to 17 from 24 but still ranking in the mid-70s in terms of the percentile of its range of values - a firm result. The recent trend for production assessment ticked up in July; the likely trend assessment also rose to 15 from 14. MFG prices expected are only at a reading of 6 and reside in their 62nd percentile of their range, a more modest showing than for French industry overall.
On balance, the readings from France are still solid and encouraging. Some of the inflation responses are, however, on the high side, and for overall industry, with a bit of momentum.
Since Jan 1990 | Since Jan 1990 | |||||||||
Jul-07 | Jun-07 | May-07 | Apr-07 | Percentile | Rank | Max | Min | Range | Mean | |
Climate | 110 | 110 | 108 | 112 | 74.0 | 41 | 123 | 73 | 50 | 101 |
Production | ||||||||||
Recent Trend | 16 | 24 | 14 | 10 | 72.5 | 44 | 44 | -58 | 102 | -6 |
Likely trend | 31 | 27 | 22 | 21 | 66.7 | 20 | 63 | -33 | 96 | 7 |
Orders/Demand | ||||||||||
Orders&Demand | 2 | 4 | 3 | 5 | 73.6 | 33 | 25 | -62 | 87 | -15 |
Foreign Orders & Demand | 5 | 4 | 6 | 10 | 70.8 | 46 | 31 | -58 | 89 | -11 |
Prices | ||||||||||
Likely Sales Prices Trend | 10 | 10 | 9 | 4 | 70.2 | 26 | 24 | -23 | 47 | 0 |