\u200bLe Mouvement des entreprises de taille interm\u00e9diaire (Meti) alerte, dans ses enqu\u00eates de conjoncture publi\u00e9es le 21 juillet 2026, sur une d\u00e9gradation marqu\u00e9e de la situation des ETI fran\u00e7aises (250 \u00e0 5 000 salari\u00e9s). Plus d\u2019une ETI sur deux consid\u00e8re que la situation de son secteur s\u2019est d\u00e9t\u00e9rior\u00e9e au cours des douze derniers mois, tandis que seules 12,2 % per\u00e7oivent une am\u00e9lioration (contre 20 % en mars 2026). Au niveau de l\u2019activit\u00e9, 44 % des ETI d\u00e9clarent un carnet de commandes moins fourni qu\u2019un an auparavant (contre moins de 30 % lors de la pr\u00e9c\u00e9dente enqu\u00eate) et une entreprise sur deux fait \u00e9tat d\u2019une baisse de rentabilit\u00e9. Dans ce contexte, pr\u00e8s d\u2019une ETI sur deux se d\u00e9clare inqui\u00e8te pour les six prochains mois.<\/p>\n
La situation financi\u00e8re se d\u00e9grade \u00e9galement. Les conditions de tr\u00e9sorerie se sont d\u00e9t\u00e9rior\u00e9es pour 46 % des ETI en un an (contre 35 % en mars), et seules 14 % signalent une am\u00e9lioration. Pr\u00e8s d\u2019un tiers des entreprises constatent une hausse de leur endettement (contre 22 % trois mois plus t\u00f4t). Les difficult\u00e9s \u00e0 respecter les covenants bancaires augmentent (27 % contre 21,6 %), et la part des ETI envisageant de refinancer leur dette a doubl\u00e9 en trois mois, passant de 8,3 % \u00e0 16,7 %. Selon la d\u00e9l\u00e9gu\u00e9e g\u00e9n\u00e9rale adjointe du Meti, les ETI ne disposent plus du \u00ab matelas de s\u00e9curit\u00e9 \u00bb qui avait permis leur redressement apr\u00e8s les pr\u00e9c\u00e9dentes crises, dans un contexte de chocs r\u00e9p\u00e9t\u00e9s et d\u2019arbitrages budg\u00e9taires jug\u00e9s d\u00e9favorables.<\/p>\n
Ces constats prolongent des signaux similaires issus d\u2019autres travaux r\u00e9cents : le 16e barom\u00e8tre annuel de Bpifrance Le Lab, publi\u00e9 le 23 juin 2026, et une \u00e9tude de la Banque de France diffus\u00e9e le 17 juillet 2026, qui soulignent tous deux la vuln\u00e9rabilit\u00e9 croissante des ETI malgr\u00e9 une certaine r\u00e9silience. Ces organismes publics et parapublics jouent ici un r\u00f4le d\u2019observation et d\u2019alerte conjoncturelle.<\/p>\n
La principale cons\u00e9quence identifi\u00e9e porte sur l\u2019emploi. Le solde net de cr\u00e9ations d\u2019emplois dans les ETI tombe \u00e0 +1 189 sur le trimestre, soit une baisse de 66 % en trois mois et de 58 % par rapport \u00e0 la moyenne des trois derni\u00e8res ann\u00e9es, en raison d\u2019une forte hausse des suppressions de postes (+255 %). Les services restent le principal contributeur aux cr\u00e9ations d\u2019emplois, tandis que l\u2019industrie enregistre un solde net n\u00e9gatif de 370 postes. Les jeunes apparaissent particuli\u00e8rement touch\u00e9s : plus de sept ETI sur dix ont r\u00e9duit leurs recrutements d\u2019apprentis en 2026 par rapport \u00e0 2024. Parall\u00e8lement, 54 % des entreprises interrog\u00e9es estiment que la hausse du co\u00fbt du travail, li\u00e9e notamment aux revalorisations du Smic et au gel des all\u00e9gements de cotisations, p\u00e8sera sur leurs d\u00e9cisions de recrutement, le maintien dans l\u2019emploi et leur politique salariale. Ces \u00e9l\u00e9ments pr\u00e9sentent des enjeux directs pour les politiques publiques de l\u2019emploi, de l\u2019insertion des jeunes et de r\u00e9gulation du co\u00fbt du travail.(contenu r\u00e9sum\u00e9 en fran\u00e7ais par l’IA)\u00a0Lire la Suite<\/a><\/p>","protected":false},"excerpt":{"rendered":" \u200bLe Mouvement des entreprises de taille interm\u00e9diaire (Meti) alerte, dans ses enqu\u00eates de conjoncture publi\u00e9es le 21 juillet 2026, sur une d\u00e9gradation marqu\u00e9e de la situation des ETI fran\u00e7aises (250 […]<\/p>\n","protected":false},"author":1,"featured_media":9221,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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