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Economy in Brief

INSEE Business Indicator is Dropping 
by Robert Brusca October 9, 2008

The INSEE business climate indicator fell to 92 in September from 94 in August. It now stands in the 38th percentile of its range since 1990. The likely trends assessment by participants at a -41 reading is in the 16th percentile of its historic range of values. Foreign and domestic orders are hovering near the 40th percentile of their respective ranges. The likely sales price trend is still in the 80th percentile indicating that more upward movement is expected. By count the headline is weaker than this only 22 percentile of the time and the likely trend of output is weaker than this only 7% to 8% of the time. This is a weak survey.

INSEE Industry Survey
          Since Jan 1990 Since Jan 1990
  Sep
08
Aug
08
Jul
08
Jun
08
%tile Rank Max Min Range Mean
Climate 92 94 97 101 38.0 171 123 73 50 101
Production
Recent Trend -41 -38 -34 -15 16.7 205 44 -58 102 -6
Likely trend -8 -4 -1 6 28.3 205 30 -23 53 6
Orders/Demand
Orders&Demand -24 -22 -19 -13 43.7 163 25 -62 87 -14
FgnOrders&Demand -25 -20 -14 -6 37.1 175 31 -58 89 -10
Prices
Likely Sales Price Trend 15 17 19 15 80.9 19 24 -23 47 1
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