Note de conjoncture de l'Insee: revue de détails

7/31/2019 Note de conjoncture de l'Insee: revue de dtails

1/42

Ome`meoxr|bg|nenasb

_MR_ BILN\FMZRLCANLCB CB


2/42

Nr z|biab| x|aibsx|b #2 " be>! bx cb \mqnrib)Rea +$:#> " nz|s$:#6 "! omeenx|nabex re ebx |ncbexassbibex hbcnoxawax ncm|s ~rb cb ZAL nooc|b|nax nr{ xnxs)Reas +$


3/42

emxniibex! sb smex emrwbnr sbesalcbibexnoo|rs% Acs nxxbafebex nr`mr|hkra hbs eawbnr{aehaxs hbzras cn o|nxame hb cn pmeb br|m%

Nz|s re ebx |bssb||bibex nr ~rnx|aib x|aibsx|b># cbs omehaxames hb gaeneobibex hbs nfbexsz|awssb smex sxnlacasbs nr z|biab| x|aibsx|b#7 "!# cn hbinehb hbs znqs ib|fbexs exnexzns nrssa hqenia~rb ~rnr z|biab| x|aibsx|b%

Be cnlsbeob hnff|nwnxame hbs xbesamesgaeneoa|bs# cnoxawax o|mx|nax nr |qxkib hb :#8 "zn| x|aibsx|b nr sbomeh sbibsx|b #? " be < omiib be >% Cnhom||cnxame bex|b cBr|mzb bx cb |bsxb hbsomemiabs nwneobs sb|nax znxbexb% Cnoxawax sbomex|noxb|nax hnes cn pmeb br|m +):#? " nz|s$>#2 "! bx sb|nax sxnlcb nr \mqnrib)Rea +$:#> "nz|s $:#6 "!% caewb|sb# bccb |blmeha|naxebxxbibex nr @nzme +$


6/42

hb o|massneob hb imqbe xb|ib +$>#6 " zn| x|aibsx|b!% Cbs wmcrxames zn| f|nehbs na|bsfmf|nzka~rbs sb|nabex omex|nsxbs 0 nr @nzme bxnr{ xnxs)Reas cn hbinehb aexb|eb |bsxb|naxsmrxberb bx cbs aizm|xnxames omexaerb|nabex hbz|mf|bssb|% Be Br|mzb# cnoxawax |bsxb|nax hz|aibbx cbs aizm|xnxames eb z|mf|bssb|nabex ~rb x|simhbsxbibex ckm|apme hb cn z|wasame% Cbsomemiabs ib|fbexbs hnes cbr| besbilcbnr|nabex hbs aizm|xnxames zcrs hqenia~rbs ~rbcbr|s b{zm|xnxames bx omex|alrb|nabex naesazmsaxawbibex cn hbinehb ebxxb nh|bssb nr{omemiabs nwneobs% Nr xmxnc# cn knrssb hbs

oknefbs sb caiaxb|nax $?#1 " be < nz|s$2#6 " be >%

Zencasb zn| cn gnalcbssb hb cn hbinehbbr|mzbeeb# cn hbinehb imehancb nh|bssb cn G|neob sb|nax imaes hqenia~rb ~rb cbomiib|ob imehanc hnes sme besbilcb% Nrhbr{aib x|aibsx|b < : > X< X? X8 X> X< X? X8 X> X< X? X8ZAL :#; >#: :#7 :#? :#: :#> :#7 :#< :#? :#< :#8 :#8 #? >#?Omesmiinxame z|awb :#2 :#2 :#2 :#7 ):#> :#: :#8 :#< :#2 :#< :#< :#? >#6 >#: ># ):#8 ):#< ):#< ):#< ):#< :#1 ):#; ):#;Aewbsxassbibex :#2 #? :#8 :#7 >#> >#2 >#: :#: :#; >#: >#: >#? ?#6 ?##8 ):#< #7 :#1 >#> >#> >#: :#6 :#1 :#1 >>#: 8#2 :#> :#8 :#< :#? :#< :#? :#? >#2 >#: >#>Wn|anxames hb sxmods :#7 :#< :#< ):#< :#: :#> ):#> :#: :#: :#: :#: :#: >#> :#: ):#>B{x|abr| ):#> ):#> :#: :#< :#> ):#> :#? :#: :#> :#: :#> :#: :#< :#? :#?

Z|wasame_mr|obs 0 Aesxaxrxs sxnxasxa~rbs enxamenr{# Gmehs imexna|b aexb|enxamenc# oncorcs Aesbb

2 )Cb omiib|ob imehanc |ncbexa|nax nr hbr{aib x|aibsx|b

_mr|obs 0 In|dax# Obex|nnc ZcneLr|bnr# oncorcs bx z|wasames AE_BB


7/42

Nr z|biab| x|aibsx|b #2 " nz|s $>#2 "!# inas cbs wbexbs hbz|mhraxs nf|aomcbs mex gm|xbibex lnass+)>7#> "!% Cbs b{zm|xnxames o|mx|nabex hbemrwbnr gnalcbibex nr hbr{aib x|aibsx|b+$:#? "!# zras |bx|mrwb|nabex re zbr zcrs hbhqeniasib nr sbomeh sbibsx|b# smrxberbs zn| reb cf|b nooc|nxame hb cn hbinehbx|nef|b bx cn hz|oanxame |obexb hb cbr|m%_r| cbesbilcb hb cneeb # cbsaizm|xnxames mex |blmeha nr z|biab| x|aibsx|b< :>< +$ :#6 " nz | s )>#8 " !% Bccbszmr|sraw|nabex cbr| z|mf|bssame zn| cn sraxb#nooc|nex cf|bibex be gae hneeb# hnes cb saccnfb hbs b{zm|xnxames% _r| cbesbilcb hbcneeb# cbs aizm|xnxames o|mx|nabex hb :#; "#nz|s $2#< " be >%

Nr xmxnc# cn omex|alrxame omizxnlcb hromiib|ob b{x|abr| cn o|massneob hb cnoxawax sb|nax cf|bibex efnxawb nr hbr{aibx|aibsx|b < +):#> "! zras erccb nr sbomeh sbibsx|b% Bccb sb|nax ebxxbibex zmsaxawb beimqbeeb neerbccb +$:#7 zmaex!%

Cbs b{zm|xnxames sb|nabex smrxberbszn| cn hbinehb hb cNccbinfeb bxhbs znqs km|s pmeb br|m

Nr z|biab| x|aibsx|b #2 "# smrxberbs zn| cb |bh|bssbibex hb cnhbinehb imehancb nh|bssb cn G|neob+og% f|nzka~rb >!% Cn hbinehb hbs znqs hb cn pmebbr|m sbsx be bggbx sxnlacasb bx obccb hbs znqsib|fbexs n |blmeha% Be |bwneokb# cbsb{zm|xnxames hb z|mhraxs nf|aomcbs# be zn|xaorcab| wb|s cb Infk|bl# sb smex gm|xbibex omex|noxbs+)>7#> "!# bx cbs b{zm|xnxames hb z|mhraxseb|fxa~rbs mex |borc%

Nr hbr{aib x|aibsx|b# cn o|massneob hbsb{zm|xnxames |bsxb|nax gnalcb +$:#? " nz|s$:#? "!% Cbs wbexbs hb z|mhraxs nf|aomcbs sb|bh|bssb|nabex ~rbc~rb zbr nz|s cbr| gm|xb lnassbhr x|aibsx|b z|ohbex +$#8 >#2 >#2 :#8 >#: >#> 8#2 8#6Aizm|xnxamesBesbilcb hbs labes bx sb|waobs ?#> ):#7 :#8 )>#8 :#6 :#7 :#; :#; 2#< :#;Z|mhraxs inergnoxr|s +66 "*! ?#8 :#< :#> )#7 :#; >#: >#: 7#6 >#2

Omex|alrxame hr omiib|obb{x|abr| nr ZAL ):#7 :#8 :#< :#6 ):#> ):#> :#: :#: :#: :#7

Z|wasames*Zn|xhbsb{zm|xnxames+|bszboxawbibex#aizm|xnxames!hb z|mhraxs inergnoxr|shnescbsb{zm|xnxames+|bszboxawbibex#aizm|xnxames!xmx

_mr|ob 0 Aesbb


8/42

sbae hb cn pmeb br|m% Cn hbinehb nh|bssb cnG|neob sb|nax xmr`mr|s imaes hqenia~rb ~rb cbomiib|ob imehanc+og% f|nzka~rb !%

Cn omex|alrxame omizxnlcb hr omiib|ob b{x|abr| cno|massneobhbcnoxawaxsb|naxefnxawbnrhbr{aibx|aibsx|b zras erccb nr sbomeh sbibsx|b% Obzbehnex#be imqbeeb neerbccb# bccb sb|nax gm|xbibex zmsaxawbbe < +$:#7 zmaex!# be |nasme hreb gm|xbomex|alrxame nr ~rnx|aib x|aibsx|b >%

7< Emxb hb ome`meoxr|b

Ome`meoxr|b g|nenasb

8) Aizm|xnxames bx omizmsnexbs hb cn hbinehb g|nenasb zmr| cbs z|mhraxs inergnoxr|s

_mr|ob 0 Aesbb

? ) B{zm|xnxames hb z|mhraxs inergnoxr|s bx omex|alrxames omemix|a~rbs

_mr|ob 0 Aesbb

+>!Wancb omexber hbs aizm|xnxames be b{zm|xnxames


10/42

Hr gnax hr hqeniasib hb cmgg|b# emxniibexhbs znqs hb cMzbz# bx hr |ncbexassbibex hb cnhbinehb hnes cbs znqs hwbcmzzs# cb in|okzx|mcab| omeenx|nax# sr| cneeb# re b{ohbexaizm|xnex% Cbs bggbxs snasmeeab|s sb|nabexxmrxbgmas in|~rs% Nwbo cn gae hb ckawb|# cb{oshmgg|b nzzn|r nr z|biab| x|aibsx|b < sb|begm|ob|nax nr hbr{aib x|aibsx|b% Cb in|ok sb |nzz|mokb|nax hb c~racal|b nr sbomeh sbibsx|b : : ( cb ln | ac hb L |bex# r e eawbnr safeagaonxawbibex aeg|abr| nr zao hb in|s+>


11/42


12/42

@rae < 72

Ome`meoxr|b g|nenasb? ) Omr|s hbs ixnr{ aehrsx|abcs

_mr|ob 0 Cmehme Ibxnc In|dbx

8 ) Omr|s hbs inxa|bs z|bia|bs ncaibexna|bs bx nf|m)aehrsx|abccbs

_mr|ob 0 Hnxn Aesafkx


13/42


14/42

Caegcnxame hbs sb|waobs sb|nax becf|b nrfibexnxame

Cb fcassbibex neerbc hbs z|a{ hbs sb|waobsnrfibexb|naxcf|bibex#hb>#2"beina>#6"be hobil|b bx hlrx < sbzmr|sraw|nabex re |qxkib zcrs imh| sr| cb |bsxbhb cneeb% Cb fcassbibex neerbc hbs z|a{ hbsxcomiireaonxames# labe ~rb xmr`mr|s efnxag# sb|bh|bssb|nax naesa cf|bibex% Cbs z|a{ hbs nrx|bssb|waobs omeenx|nabex hbs imrwbibexssnasmeeab|sknlaxrbcs% Acs nrfibexb|nabex be `raccbx zmr| cklb|fbibex# cbs wmqnfbs xmr|asxa~rbs bx cbsx|neszm|xs n|abes# zras lnassb|nabexbe sbzxbil|b%

Caegcnxamehnesceb|fab begm|xb lnassb

_mrs ckqzmxksb hb sxnlacax hr z|a{ hr ln|ac hbL|bex bez|wasame ;> br|ms# cb fcassbibex neerbchbs z|a{ hb ceb|fab haiaerb|nax gm|xbibex hb2#: " be ina `rs~r >#6 " be hobil|b 0 acomexaerb|naxhmeo hblnassb| hbzrascb zao >2#?"nxxbaex be in|s >+og% f|nzka~rb ?!% Obxxblnassb sb|nax eneimaes imh|b zn| cn knrssb hbcn omex|alrxame nr sb|waob zrlcao hb ccbox|aoax nr>b| `raccbx % Bccbs mexbesraxb ebxxbibex lnass zn|xa| hb in|s >%Bccbs sb sxnlacasb|nabex zn|xa|hnw|ac # bx cbr|sknrssbs znssbs obssb|nabex hb sb haggrsb| nr{z|a{ hb cncaibexnxame% Cb fcassbibex neerbc hbsz|a{ hb cncaibexnxame km|s g|nas omexaerb|naxnaesa hb haiaerb| `rs~rbe hobil|b < 0 hb


15/42

7; Emxb hb ome`meoxr|b


Cbs z|a{ cn omesmiinxamewmcrxames be "

\bf|mrzbibexs AZO*+zmeh|nxames

Nw|ac < Ina < @rae < Hobil|b < Imqbeebsneerbccbsfn ofn fn ofn fn ofn fn ofn > 7#8 "! ?#2 :#7 ?#: :#2 #; :#? >#1 :#;eb|fab +;#6 "! 2#? :#2 2#: :#8 ?#2 :#? >#6 :#> >#7 :#6 >#2 :#7 >#7 :#6 >#6 :#6 >#6 >#6hmex 0 cmqb|s)bnr +6#8 "! #8 >#8 >#1Besbilcb km|s eb|fab +1>#? "! >#; >#7 >#6 >#2 >#6 >#2 >#8 >#? >#? >#7Besbilcb km|s xnlno +1;#: "! #1 >#6 >#6 >#8 >#8 >#;Aegcnxame smrs)`nobexb +7>#: "!+>! >#8 :#1 >#8 :#1 >#8 :#1 >#? :#; >#> >#8Besbilcb AZOK*


17/42

sbibsx|b +)?6 ::: zmsxbs!% Gae +og% f|nzka~rb

Caehrsx|ab omeobex|b|nax cbssbexabchbs zb|xbs hbizcma be # cbizcma aehrsx|abc km|s aex|ai+>!sbsxsxnlacas +)< ::: zmsxbs sr| cneeb!% Cbs o|nxameshbizcmas aehrsx|abcshlrx > +$7 :::! mex xhnizcbr| omizn|nlcb nr{ zb|xbs hr sbomehsbibsx|b +)6 ::: zmsxbs!% Cbs srzz|bssameshbizcma aehrsx|abc km|s aex|ai |bz|beh|nabex bexmxnc# cbizcma aehrsx|abc km|s aex|ai lnassb|naxgm|xbibex be < +)>#8 " 4 smax )87 ::: zmsxbs!nz|s nwma| x sxnlcb be >%

_a cbizcma aehrsx|abc +km|s aex|ai! n x sxnlcb be># cb wmcrib hbizcma+?!rxacas hnes ob sboxbr| n xmrxbgmas |borc omizxb xber hb cn lnassb hremil|b hb zmsxbs haex|aina|bs aehrsx|abcs+)>2 :::!% Cb xnr{ hb |bomr|s caex|ai hnes cbsboxbr| sbsx zn| omes~rbex |bzca 0 hb 6#6 " nrz|biab| x|aibsx|b ># ac bsx |bwber 6#> " nrz|biab| x|aibsx|b < +og% f|nzka~rb 8!%Acomexaerb|nax hb haiaerb| zmr| |bwbea| 6#: " begae hneeb < ::: zmsxbs!%

Cbs zb| xb s h b izcm a h nes cnomesx|roxame sb zmr|sraw|nabex

Hnes cn omesx|roxame# cbs zb|xbs hbizcma sb smexzmr|srawabs be > re |qxkib z|mokb hb obcrahb : 0 >> ::: bizcmas zb|hrs nz|s >? :::cneeb z|ohbexb% Obxxb lnassb sbsx omeobex|bsr| cb sbomeh sbibsx|b hb cneeb +)6 :::!%

6: Emxb hb ome`meoxr|b


+?! Bizcma omesah| q omiz|as aex|ai%

< ) Bizcma sncn|a hbs sboxbr|s in|oknehs eme nf|aomcbs

_mr|ob 0 Aesbb? ) wmcrxame hb cbizcma sncn|a hnes cbs sboxbr|s in|oknehs eme nf|aomcbs

_mr|ob 0 Aesbb

+>! Hnes cbs okagg|bs hb cbizcma zrlcas zn| cAesbb# cbs aex|aina|bssmex omizxnlacass hnes cb sboxbr| xb|xana|b iib sacs bggboxrbex rebiassame hnes caehrsx|ab mr cn omesx|roxame%+ bx :%


18/42

Nr z|biab| x|aibsx|b : :::!%

Imaes hb o|nxames hbizcma hnes cbssboxbr|s xb|xana|bs in|oknehsbe 0nz|s nwma| gm|xbibex z|mf|bss nr z|biab| sbibsx|b+$>>> :::!#cbizcmaxb|xana|bn |borcnrsbomehsbibsx|b +) ~rbe :+$1: ::: bizcmas omex|b $>66 ::: cneebz|ohbexb!% Ob xnssbibex nr sbomeh sbibsx|b bsxaizrxnlcb# hreb zn|x# nr |bxmr|ebibex hbcbizcma aex|aina|b gae > +)?2 ::: zmsxbs nrsbomeh sbibsx|b nz|s $>? ::: nr z|biab| sbibsx|b!bx#hnrx|b zn|x# hbso|nxameshb zmsxbskm|s aex|aibe zb|xb hb waxbssb gae > +$>? :::nz|s $1; ::: nr z|biab| sbibsx|b >!% Nr z|biab| x|aibsx|b 1 :::!% _r| cb |bsxb hbcneeb# caex|ai |borcb|nax bx cb xnr{ hb |bomr|s caex|ai# be lnassb hbzras cb sbomeh sbibsx|b># omexaerb|nax hb ho|mx|b% _r| cneeb# cnhaiaerxame hr emil|b hb zmsxbs aex|aina|bs sb|naxomizn|nlcb obccb mlsb|wb cneeb z|ohbexb 0) 0 $?1 :::nr z|biab| sbibsx|b zras $>8 ::: nr sbomeh%

Nr xmxnc# cb emil|b hbs o|nxames hb zmsxbsomexaerb|nax hb lnassb| hnes cb sboxbr| xb|xana|bin|okneh# zras~rb 11:% Ob |bzca z|mwabex be zn|xab hbcwmcrxame hbs omex|nxs nahs +)2: :::legaoana|bshb omex|nxs be >! zmr| cbs~rbcs#cn gmas# cbs bex|bs smex be lnassb sr| cneeb bx cbssm|xabs nrfibexbex gm|xbibex%Be !% Cb emil|b hblegaoana|bs hb omex|nxs z|mf|bssb|nax hb :::be hlrx hneeb +og% xnlcbnr 12 :::!% Nr sbomeh sbibsx|b


20/42


21/42

Cb xnr{ hb okinfb hbs zb|smeebs hb b| `newab| >12! Cbggbx hbs |gm|ibs hbs |bx|naxbs `rs~rbe : n x imhcas cm|shrhb|eab| b{b|oaob hb z|m`boxamehb zmzrcnxame noxawbgaencasbe >#og%ocna|nfb0 cbsemrwbccbsz|m`boxameshb zmzrcnxame noxawb hb cAesbhb cn Emxb hb ome`meoxr|b hb `rae >%


22/42

@rae < 62


wmcrxames hb cn zmzrcnxame noxawb# hb cbizcma bx hr okinfbbe G|neob ix|mzmcaxnaebbe imqbeeb x|aibsx|abccb# be iaccab|s

:X>

:XX>

>XX?

>X8

7 )>2 )>2 )>2 >>: >2: 8> )7>Zmzrcnxame hbs >2)21 nes)? )>8 )>? )>:< )2; )81Zmzrcnxame noxawb


23/42

67 Emxb hb ome`meoxr|b

Be % Cb sncna|b ibesrbc hblnsb+_IL! nrfibexb|naxhbbxcnknrssbhrsncna|b imqbe zn| xxb+_IZX! sb|nax hb %

F|ob reb aegcnxame cf|bibex zcrs imh|bbe < ~rbe ># cbs sncna|bs |bcsnooc|b|nabex cf|bibex% Be xb|ibs |bcs# cb_IL nrfibexb|nax hb :#2 " be < nz|s$:#> "% Cb _IZX |bc sb|nax be knrssb hb :#7 "be #; "!% Obxxb hoc|nxame sb x|nhra|nax zn| reemrwbnr |bzcahbs sncna|bsbexb|ibs |bcs#+):#6"nz|s ):#? " be >!%

Be %%%

Cb sncna|b ibesrbc hb lnsb +_IL!+>!nooc|b|naxx|s cf|bibex be < 0 $+og% xnlcbnr!% Cbs sncna|bs omexaerb|nabexhx|b zm|xs zn| cn gm|xb aegcnxame mlsb|wb be >%Be zn|xaorcab|# cn |bwncm|asnxame hr _iao gae > bxhlrx < +$ " cb >b| hobil|b > zras$:#? " cb >b| `newab| > +$ >#7 " cb >b| `newab| >!% Hb zcrs# cb omrz hb zmrob nr _iaoneemeo zn| cb emrwbnr fmrwb|ebibex

smrxabeh|nax cb _ILnr sbomehsbibsx|b Nz|s cb wb|sbibex# gae ># hb z|aibs zmr| cbssncn|as hbex|bz|asbs hmex cbs hawahbehbs nwnabexz|mf|bss# cb _IZX nr|nax |ncbexa hlrx !# xmrxomiib cb _IZX |bc +$:#7 " nz|s $:#? "!%

_ncna|bs

+>! Zmr| rebhgaeaxamehbsxb|ibs _ILbx _IZX#og% cb{a~rbcn gae hb cn emxb 0 Cbs imxs hb cn ome`meoxr|b %+


24/42

Cbs sncna|bs |bcs hnes cbsnhiaeasx|nxames zrlca~rbs |borcb|nabex

Hnes cn Gmeoxame zrlca~rb# cn lnassb hbs sncna|bs|bcs snoobexrb|nax be < sbcme cbs iibs imhncaxs~rbe >% Nr xmxnc# cb _IZX hbs nhiaeasx|nxameszrlca~rbs nrfibexb|nax imaes be < ~rbe> +$>#< " nz|s $>#; "!% Be xb|ibs |bcs# cb_IZX noobexrb|naxsme |borc+):#6" be < nz|s):#? " be >!%

@rae < 66


+?!Cn fn|nexabaehawahrbccbhr zmrwma| hnoknx +FAZN! < : > _< _> _< _> _::" ! :#7 >#7 >#? >#> :#; ):#> #? >#< >#6 >#? >#> >#> #8 >#? >#6 >#7 >#8 >#1 ?#< ?#< ?#< "! :#: >#: #8 >#< >#> ):#8 ?#8 : "! ):#6 >#< ):#1 ?#6 :#! BLB hbs ienfbs zr|s# |bwbers hb cn z|mz|ax bx x|nesgb|xs omr|nexs%_mr|ob 0 Aesbb

Xnlcbnr ?Cbs x|nesgb|xs smoanr{ |brs bx wb|ss zn| cbs ienfbs

wmcrxame be "Imqbeebs sbibsx|abccbs Imqbeebs neerbccbs

: > < : > _< _> _< _> _::"! >#8 >#? >#6 >#7 >#8 >#1 ?#< ?#< ?##> >#2 >#1 >#< #> ):#? :#8 :#8 :#6 :#; :#7 :#8 >#?Xmxnc hbs z|cwbibexs smoanr{ :#1 >#< #8 >#6 8#> ?#?Omxasnxames smoancbs bggboxawbs wb|sbs zn| cbs ienfbs +>:: "!>#: >#> #8 >#6 !+7? "! :#1 >#? #7 #; >#: :#7 >#< :#; :#7 ?#> >#6 >#7

Z|wasame

Emxb hb cboxr|b 0 Cbs okagg|bs bex|b zn|bexksbs hmeebex cn sx|roxr|b hb cneeb >%+>! Cbs omxasnxames bizcmqbr|s smex cn gmas |brbs bx wb|sbs zn| cbs ienfbsbe omizxnlacax enxamencb 0 bccbs emex hmeo zn


28/42

@rae < ;>


Beonh| ) Hagg|bexbs ibsr|bs hr zmrwma| hnoknx

Cb |bwber hbs ienfbs ~ra bsx z|sbex bx nencqs hnes cnEmxb hb ome`meoxr|b|bz|sbexb cbesbilcb hbs |bwbers

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Naesa# be #< " nz|s ):#> " be >!% Zn| knlaxnex# cn lnassb sb|nax hb >#> " bx zn| ienfb bccb sb|naxhb >#7 "%


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;< Emxb hb ome`meoxr|b

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Z|wasame

_mr|ob 0 Aesbb


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omizbes cb |borc hbs noknxs hnrxmimlacbs bx cbshzbesbs be z|mhraxs inergnoxr|s mex |borc nrz|biab| x|aibsx|b +):#2 "!%Cn omesmiinxame hb sb|waobs#sxnlcb nr ~rnx|aibx|aibsx|b ># bsx |bsxb nxmeb nr z|biab| x|aibsx|b < +$:#> "!%

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;8 Emxb hb ome`meoxr|b


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_mr|ob 0 Aesbb


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@rae < ;2

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Be #< zmaex!% Ac nr|nax h` lnass nrz|biab| x|aibsx|b


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x|aibsx|b# zmr| sxnlca|


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@rae < ;6

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_mr|ob 0 Aesbb


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37/42

x|aibsx|b " nr x|masaib x|aibsx|b< zras ):#> " nr ~rnx|aib!%Cb hqeniasib hbs nrx|bs aewbsxassbibexs#bssbexabccbibex be sb|waobs aegm|inxa~rbs bx benoxawaxs szoancasbs# soabexaga~rbs bxxbokea~rbs# sb imh|b|nax 0 $>#: " nrhbr{aib x|aibsx|b +nz|s $#: zmaex nr x|aibsx|bz|ohbex#og% xnlcbnr zmaex!n x omizbesb zn| cb sxmodnfb hb z|mhraxsnf|aomcbs +$:#> zmaex!%Zmr| cbesbilcb hbs z|mhraxs inergnoxr|s# cbseawbnr{ hbs wn|anxames hb sxmods hb z|mhraxsinergnoxr|s smex efnxags hbzras hbr{ x|aibsx|bs% Nr z|biab| x|aibsx|b


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sxmods nssbp knrxs# be zn|xaorcab| hnescaehrsx|ab nrxmimlacb m cmzaeame sr| cbs sxmodsbsx x|s nr)hbssrs hb sn imqbeeb hb cmefrbz|amhb% Cbhsxmodnfb hbz|mhraxsinergnoxr|ssb

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_mr|ob 0 Aesbb


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Nr z|biab| x|aibsx|b "!# nz|s re ~rnx|aib x|aibsx|b >h` zbr hqenia~rb +$:#< "!% Cnoxawax hnescaehrsx|ab inergnoxr|a|b n emxniibexbe|bfasx| re ebx |borc +):#; "!# sbesalcb hnesz|bs~rb xmrxbs sbs l|neokbs%

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Z|mhroxame

_mr|ob 0 Aesbb

> ) Omex|alrxames sboxm|abccbs cn o|massneob hb cn z|mhroxame xmxncb


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Nz|s re |borc in|~r nr z|biab| x | a ibsx |b < :>% Ob|borcbsx hnlm|h aizrxnlcb cn lnassb hb cnoxawaxhnes cb sboxbr| hb cn omdgnoxame |nggaenfb+)>:#> " nz|s $?#8 "! be |nasme hb cn||x hbzcrsabr|s |nggaeb|abs% reb imaeh|b okbccb# cnzcrzn|x hbs nrx|bs l|neokbs mex omex|alr nr |bzcahb cn z|mhroxame inergnoxr|a|b% Naesa# cb sboxbr| hb caehrsx|ab nf|mncaibexna|b n wr sme noxawaxhaiaerb| +):#8 " nz|s $:#8 "!% Hb iib#cnggnalcassbibex hb cnoxawax hnes cb sboxbr| hbsinx|abcs hb x|neszm|x n x sbesalcb +):#? " nz|s$?#: "!% ^rnex nr sboxbr| hbs labes

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_b|waobs z|aeoazncbibex eme in|oknehs 0cnoxawax |bsxb|nax imh|b

Hnes cbs sb|waobs z|aeoazncbibex eme in|oknehs#

cnoxawax n nooc| nr z|biab| x|aibsx|b !% Cnoxawax |ncbexa|nax cf|bibex nrhbr{aib x|aibsx|b < +$:#? "! zraszmr|sraw|nax ob |qxkib `rs~r cn gae hb cneeb% Nr xmxnc# cn z|mhroxame hb ob sboxbr| nrfibexb|naxhb $>#> " be


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Note de conjoncture de l'Insee: revue de détails

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