Recent Updates

  • China: 70-City Property Prices (Sep), Capacity Utilization, GDP (Q3)
  • US: Regional Retail Sales (Sep)
  • Spain: Motor Vehicle Registrations (Sep)
  • Canada Regional: CPI by Province (Sep), Retail Trade by Province (Aug)
  • Canada: CPI (Sep), Retail Trade (Aug)
  • Ireland: General Government Debt, General Government Transactions (Q2)
  • Latvia: PPI (Sep)
  • more updates...

Economy in Brief

French Service Sector Continues to Lose Momentum
by Robert Brusca March 27, 2008

The climate indicator for France’s Service sector noted lower by one point in March continuing a slip that began in mid-2007. The index now stands in the 77th percentile of its range of values since 2000. The climate outlook is weaker in the 67th percentile of its range.

The past observed sales rating is the best of the period at the top of its range since 2000 but the 3-month ahead expected result is only in the 48th percentile of its range, a sharp reversal in expectations form current conditions. Sales prices are expected are moderately high in the 70th percentile of their range. Employment while in the 92nd percentile as observed over the past three months is rated in the 70th percentile of its range for the next 3 months. Expectations are shifting lower in France’s services sector.

France INSEE Services Survey Jan 2000-date
  Mar
08
Feb
08
Jan
08
Dec
07
%tile Rank Max Min Range Mean
Climate Indicator 104 105 108 108 70.0 44 113 83 30 102
Climate: 3Mo MAV 106 107 109 111 74.7 31 113 85 28 102
Climate: 12Mo MAV 110 110 110 110 96.6 7 110 91 20 101
Outlook -1 -1 2 3 67.7 41 9 -22 31 -1
Sales
Observed over past 3 Months 18 13 13 15 100.0 1 18 -11 29 6
Expected over next 3 Months 3 10 14 8 48.1 62 17 -10 27 7
Sales Price
Observed over past 3 Months 1 1 1 1 41.7 21 8 -4 12 0
Expected over next 3 Months 2 0 0 0 70.0 11 5 -5 10 0
Employment
Observed over past 3 Months 15 17 7 15 92.9 2 17 -11 28 4
Expected over next 3 Months 12 19 14 11 70.8 7 19 -5 24 5
close
large image