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Economy in Brief

Business Climate Edges Lower in France 
by Robert Brusca February 22, 2008

The INSEE industry climate index fell to 107 from 108. The index stands in the 68th percentile of its range. The recent trend rates a -14 and stands below its midpoint in the 43rd percentile of its range.

In the chart we plot the business indicator as an index and as a percentage change from a year ago. On a percentage basis the level is falling. On a level basis the erosion is minor.

France has held up longer than most other EMU economies. Its indicators currently stand at a still strong level but the newest information is that some of this weakness is beginning to take a toll in France.

INSEE Industry Survey
          Since Jan 1990 Since Jan 1990
  Feb-08 Jan-08 Dec-07 Nov-07 %tile Rank Max Min Range Mean
Climate 107 108 109 110 68.0 64 123 73 50 101
Production
Recent Trend -14 -6 4 3 43.1 134 44 -58 102 -5
Likely trend 43 47 44 43 79.2 8 63 -33 96 8
Orders/Demand
Orders & Demand -1 -1 1 4 70.1 46 25 -62 87 -14
Foreign Orders & Demand 1 0 6 4 66.3 67 31 -58 89 -10
Prices
Likely Sales Prices Trend 17 12 12 10 85.1 12 24 -23 47 1
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