Morale industry at its highest since 16 months

French industry found an atmosphere worthy of pre-crisis. The situation improved further in the industry in January, the synthetic indicator of business climate rising 4 points to 92, INSEE reported. He "reached its highest level since September 2008," says the National Institute of Statistics.

According to the entrepreneurs interviewed, their past activity has significantly improved, approaching the long-term average (100 points). Inventories remain low but the order books "are filling up again," notes the INSEE. In the automotive sector, including factories running again under the effect of orders of the premium for scrap. But, in parallel with the gradual disappearance of the measure, the activity should slow in the coming months, according to the survey payday advance .

Individual expectations remain low

The overall indicator thus complete its turnaround started last spring. In March 2009, it reached a floor level at 69 points after 15 months of plummeting.

Still, the personal perspectives of production business leaders remain low (-9). Paradoxically, the overall outlook is to say opinion on the overall activity of the industry, improved "significantly" to -4 in January against -11 in December, exceeding the average long term , is the INSEE.

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