France services survey: NAF rev. 2 business climate index
France services survey: NAF rev. 2 business climate index stood at 97.9 in Sep 2026, according to INSEE – Institut national de la statistique et des études économiques (BDM). It is one of the indicators in the INSEE business surveys table (Value · Monthly), with a complete series running from Jan 1989 to Sep 2026. The complete series with an interactive chart, free to download.
This indicator in the INSEE business surveys table
| Indicator | 09-2026 | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Economic outlook survey in services (in NAF rev. 2) - Business climate summary indicator in services | 97.9 | 99.1 | 99 | 96.2 | 95.3 | 95.7 | 98.2 | 99 | 99.2 | 97.9 | |
| Economic outlook survey in services (in NAF rev. 2) - Summary indicator of overall economic situation reversal in services | 0.18 | 0.24 | 0.23 | 0.16 | 0.17 | 0.07 | -0.05 | 0.27 | 0.4 | 0.2 | |
| Monthly business survey in goods-producing industries - Manufacturing industry - Smoothed surprise indicator | -8.8 | -5.7 | -3.8 | -4.2 | 0.5 | -2.1 | -8.8 | -12.8 | -10.2 | -5.6 |
Understanding france services survey: NAF rev. 2 business climate index
Synthesizing executive sentiment across a diverse array of tertiary activities classified under standard industrial activity frameworks, this index evaluates the service economy climate. It gathers monthly evaluations regarding recent corporate turnover, expected demand, and employment intentions from professional service providers, administrative agencies, and hospitality firms. Goods-producing factories and primary agricultural producers are excluded from this tertiary scope. Compared with manufacturing surveys, this service climate measure captures the intangible economy, reflecting business-to-business consulting, transport, accommodation, and information technology.
Interpreting this service sector index requires analyzing month-on-month momentum while keeping in mind that tertiary activities frequently exhibit different cyclical amplitudes than heavy industry. Seasonal adjustment routines mitigate recurring holiday impacts, though early estimates remain subject to revision when late-responding service firms submit data. Analysts should avoid direct cross-sector comparisons using raw index levels without considering that service firms often operate with shorter forward-looking order books than manufacturing plants. Tracking this series alongside broader employment metrics provides a clearer picture of domestic labor demand.
Frequently asked questions
- What major economic activities fall under this service classification?
- Professional consulting, accommodation, administrative support, IT, and transport services are primary contributors.
- How does this service climate differ from manufacturing surveys?
- It measures intangible business activity and tertiary demand rather than physical goods production and factory inventories.
- Why are early monthly service figures sometimes revised?
- Late questionnaire returns from service enterprise executives prompt technical updates in subsequent releases.