According to the business leaders surveyed in May 2013, the situation gets worse again in building industry: the composite indicator loses two points and stays below its long-term average. The turning-point indicator is in the unfavourable zone.
The business leaders consider that their activity remains deteriorated in the recent period. The business leaders stay pessimistic about their activity in the next months.
Employment in the building industry is grim: the balances of opinion corresponding to past employment and expected employment deteriorate and stay significantly below their long-term average.
Composite indicator

Turning-point indicator

Lecture : close to 1 (respectively -1), it indicates a favorable climate (respectively unfavorable).
| Balances of opinion, in %, SA | |||||
| * Mean since September 1993. | |||||
| Mean* | Feb. 13 | March 13 | April 13 | May 13 | |
|---|---|---|---|---|---|
| Composite indicator | 100 | 93 | 93 | 94 | 92 |
| Past activity | 2 | 22 | 26 | 27 | 29 |
| Expected activity | 5 | 22 | 22 | 22 | 23 |
| Gen. business outlook | 17 | 50 | |||
| Past employment | 2 | 18 | 16 | 11 | 16 |
| Expected employment | 2 | 16 | 17 | 12 | 21 |
| Opinion on order books | 19 | 41 | 43 | 44 | 49 |
| Order books (in month) | 5,2 | 7,1 | 7,1 | 7,1 | 7,1 |
| Productive capacity utilisation rate | 89,0 | 87,3 | 86,6 | 86,3 | 85,7 |
| Obstacles to production increase (in %) | 34 | 18 | 18 | 19 | 20 |
| - Because of workforce shortage (in %) | 15,9 | 4,4 | 3,9 | 4,5 | 5,1 |
| Recruiting problems (in %) | 60 | 48 | |||
| Expected prices | 12 | 29 | 33 | 39 | 40 |
| Cash-flow position | 8 | 25 | |||
| Repayment period | 28 | 47 | |||
In May, business leaders are more numerous than in April to consider their order books lower than normal. The corresponding balance of opinion is in a level inferior to its long-term average.
The productive capacity utilisation rate is slightly declining and stays below its long-term average. At the same time, one business leader out of five declare having difficulties to increase his activity.
In May, business leaders are a little more numerous than in April to indicate price downturns. The corresponding balance of opinion remains sharply inferior to its long-term average.
Productive capacity utilisation rate

Activity tendency in the building industry

Workforce size tendency in the building industry

Order books

n° 118 - May 24, 2013
Monthly survey of building - May 2013
Next issue June 25, 2013 08:45 - June 2013
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