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Informations Rapides · 25 April 2025 · n° 101
Informations rapidesIn April 2025, the business climate in building construction has darkened slightly Monthly survey of building - April 2025

According to business managers surveyed in April 2025, the business climate in building construction has darkened slightly. At 97, the synthetic indicator remains below its long-term average (100). This deterioration affects all the components of the climate indicator.

Informations rapides
No 101
Paru le :Paru le25/04/2025
Prochaine parution le : 19/09/2025 at 08:45 - September 2025

According to business managers surveyed in April 2025, the business climate in building construction has darkened slightly. At 97, the synthetic indicator remains below its long-term average (100). This deterioration affects all the components of the climate indicator.

Business climate composite indicator

Business climate composite indicator
Business climate composite indicator
2025-04 97.0
2025-03 98.0
2025-02 98.2
2025-01 98.8
2024-12 98.3
2024-11 99.2
2024-10 99.8
2024-09 99.8
2024-08 100.6
2024-07 98.7
2024-06 100.0
2024-05 101.8
2024-04 100.7
2024-03 102.7
2024-02 102.8
2024-01 102.6
2023-12 101.8
2023-11 102.9
2023-10 103.7
2023-09 105.0
2023-08 105.5
2023-07 105.1
2023-06 105.8
2023-05 106.6
2023-04 107.8
2023-03 107.9
2023-02 108.8
2023-01 109.6
2022-12 110.2
2022-11 109.4
2022-10 110.7
2022-09 109.1
2022-08 109.5
2022-07 109.5
2022-06 109.4
2022-05 109.7
2022-04 110.8
2022-03 111.2
2022-02 110.9
2022-01 109.3
2021-12 112.5
2021-11 111.3
2021-10 110.7
2021-09 111.4
2021-08 111.2
2021-07 111.2
2021-06 111.1
2021-05 110.0
2021-04 108.0
2021-03 106.9
2021-02 103.3
2021-01 103.5
2020-12 102.4
2020-11 100.6
2020-10 106.0
2020-09 103.7
2020-08 102.3
2020-07 96.8
2020-06 89.1
2020-05 78.1
2020-04 80.3
2020-03 109.6
2020-02 110.8
2020-01 109.3
2019-12 108.7
2019-11 109.4
2019-10 110.8
2019-09 110.2
2019-08 109.3
2019-07 109.5
2019-06 109.4
2019-05 109.2
2019-04 109.7
2019-03 110.0
2019-02 110.5
2019-01 109.1
2018-12 108.7
2018-11 108.0
2018-10 107.7
2018-09 108.0
2018-08 108.4
2018-07 108.7
2018-06 108.3
2018-05 108.8
2018-04 109.6
2018-03 109.9
2018-02 109.1
2018-01 110.3
2017-12 110.1
2017-11 108.3
2017-10 106.8
2017-09 107.3
2017-08 107.1
2017-07 107.4
2017-06 106.3
2017-05 104.5
2017-04 102.7
2017-03 102.9
2017-02 102.1
2017-01 103.1
2016-12 101.1
2016-11 102.4
2016-10 102.9
2016-09 101.0
2016-08 99.8
2016-07 99.4
2016-06 99.2
2016-05 99.4
2016-04 97.6
2016-03 96.3
2016-02 94.6
2016-01 96.4
2015-12 96.6
2015-11 93.6
2015-10 94.6
2015-09 94.8
2015-08 95.3
2015-07 92.8
2015-06 92.9
2015-05 90.6
2015-04 91.2
2015-03 90.1
2015-02 89.7
2015-01 88.8
2014-12 90.1
2014-11 90.7
2014-10 88.1
2014-09 88.3
2014-08 89.8
2014-07 91.4
2014-06 93.4
2014-05 93.2
2014-04 93.0
2014-03 93.9
2014-02 93.2
2014-01 93.8
2013-12 93.4
2013-11 95.4
2013-10 96.2
2013-09 96.3
2013-08 94.1
2013-07 92.0
2013-06 90.9
2013-05 91.4
2013-04 91.0
2013-03 91.5
2013-02 92.4
2013-01 92.3
2012-12 92.9
2012-11 92.4
2012-10 92.7
2012-09 94.1
2012-08 94.6
2012-07 95.1
2012-06 96.5
2012-05 96.2
2012-04 98.1
2012-03 99.0
2012-02 99.4
2012-01 100.2
2011-12 99.2
2011-11 99.4
2011-10 101.0
2011-09 102.2
2011-08 104.2
2011-07 106.8
2011-06 106.1
2011-05 105.7
2011-04 106.4
2011-03 104.5
2011-02 103.4
2011-01 101.3
2010-12 101.0
2010-11 99.9
2010-10 98.6
2010-09 96.9
2010-08 97.3
2010-07 96.5
2010-06 94.5
2010-05 93.9
2010-04 92.7
2010-03 92.7
2010-02 93.1
2010-01 92.4
2009-12 92.1
2009-11 92.0
2009-10 92.2
2009-09 90.8
2009-08 89.6
2009-07 87.9
2009-06 87.6
2009-05 88.2
2009-04 87.5
2009-03 88.3
2009-02 86.7
2009-01 90.3
2008-12 91.7
2008-11 93.0
2008-10 94.7
2008-09 102.4
2008-08 104.2
2008-07 104.4
2008-06 105.9
2008-05 109.7
2008-04 111.5
2008-03 113.0
2008-02 112.4
2008-01 111.8
2007-12 113.7
2007-11 113.8
2007-10 113.6
2007-09 114.6
2007-08 114.5
2007-07 115.7
2007-06 116.1
2007-05 115.2
2007-04 115.3
2007-03 114.6
2007-02 114.4
2007-01 115.3
2006-12 115.2
2006-11 115.3
2006-10 115.6
2006-09 114.9
2006-08 114.0
2006-07 113.8
2006-06 113.3
2006-05 113.5
2006-04 112.6
2006-03 112.5
2006-02 112.6
2006-01 114.0
2005-12 113.6
2005-11 114.2
2005-10 112.5
2005-09 110.9
2005-08 110.9
2005-07 111.4
2005-06 110.9
2005-05 109.5
2005-04 109.8
2005-03 109.4
2005-02 108.9
2005-01 109.4
2004-12 109.8
2004-11 109.9
2004-10 108.7
2004-09 108.5
2004-08 108.1
2004-07 107.9
2004-06 105.6
2004-05 106.3
2004-04 107.0
2004-03 106.4
2004-02 105.3
2004-01 107.5
2003-12 104.0
2003-11 102.4
2003-10 99.9
2003-09 101.7
2003-08 99.3
2003-07 97.1
2003-06 96.6
2003-05 96.2
2003-04 95.6
2003-03 94.5
2003-02 95.9
2003-01 95.9
2002-12 95.1
2002-11 95.6
2002-10 98.2
2002-09 98.0
2002-08 99.1
2002-07 100.4
2002-06 103.9
2002-05 103.9
2002-04 101.1
2002-03 103.8
2002-02 103.4
2002-01 102.4
2001-12 102.5
2001-11 102.8
2001-10 103.5
2001-09 104.2
2001-08 105.7
2001-07 107.3
2001-06 108.1
2001-05 110.1
2001-04 110.4
2001-03 113.7
2001-02 114.8
2001-01 114.4
2000-12 117.9
2000-11 120.9
2000-10 122.4
2000-09 121.8
2000-08 121.4
2000-07 121.0
2000-06 120.0
2000-05 117.9
2000-04 121.0
2000-03 118.9
2000-02 117.8
2000-01 119.4
1999-12 118.5
1999-11 114.9
1999-10 113.9
1999-09 113.8
1999-08 113.7
1999-07 113.4
1999-06 111.3
1999-05 112.7
1999-04 108.8
1999-03 107.0
1999-02 106.6
1999-01 105.5
1998-12 100.7
1998-11 105.5
1998-10 106.0
1998-09 108.5
1998-08 107.9
1998-07 107.2
1998-06 105.8
1998-05 104.2
1998-04 101.8
1998-03 103.0
1998-02 100.7
1998-01 99.7

Business climate composite indicator

  • Source: INSEE.

Building industry economic outlook

Balances of opinion, in %, SA
Building industry economic outlook (Balances of opinion, in %, SA)
Average* November 24 December 24 January 25 April 25
Composite indicator 100 99 98 98 97
Past activity -3 -16 -16 -16 -18
Expected activity -4 -10 -11 -13 -15
General business outlook **** -15 -27 -23
Past employment -4 -6 -4 -7 -8
Expected employment -1 2 -1 0 -1
Opinion on order books -21 -30 -30 -32 -32
Production capacity utilisation rate (in %) 89.0 89.3 88.4 89.2 88.5
Obstacles to production increase (in %) ** 65 60 59 59 60
     Because of an insufficient demand (in %) ** 31 36 37 36 39
     Because of workforce shortage (in %) ** 29 29 27 24 27
     Because of supply difficulties (in %) ** 6 2 1 2 2
Production bottlenecks (in %) 34 36 37 34 35
Recruiting problems (in %) **** 61 71 68
Expected prices -8 -4 -5 -8 -9
Cash-flow position **** -10 -12 -12
Payment delays **** 30 32 34
Economic uncertainty felt *** 9 11 14 12 13
  • *Average since April 1978 for the composite indicator, since September 1993 for the balances of opinion, since April 2021 for the balances of opinion on the economic uncertainty felt.
  • ** Non-seasonally adjusted percentage of weighted responses.
  • *** Non-seasonally adjusted balance of opinion.
  • **** Balance of opinion from the quarterly section of the survey.
  • Source: INSEE, French business survey in the building industry.

Entrepreneurs’ opinion on their expected activity has deteriorated again

In April 2025, building contractors’ opinion on both their expected and past activity has deteriorated; in particular, the balance related to the expected activity has continued to decline. Both balances on activity have continued to fluctuate well below their respective long-term average.

Activity tendency in building construction

Activity tendency in building construction
Expected activity Past activity
2025-04 -15.4 -18.1
2025-03 -13.4 -15.6
2025-02 -11.4 -16.1
2025-01 -9.8 -16.4
2024-12 -13.6 -14.8
2024-11 -11.0 -13.5
2024-10 -12.7 -8.7
2024-09 -10.6 -10.7
2024-08 -8.2 -8.7
2024-07 -14.7 -12.0
2024-06 -11.1 -10.2
2024-05 -5.8 -6.3
2024-04 -12.5 -6.6
2024-03 -4.9 -3.8
2024-02 -2.5 -6.6
2024-01 -4.6 -6.4
2023-12 -8.5 -5.5
2023-11 -4.5 -3.8
2023-10 -5.1 -1.5
2023-09 -1.3 0.4
2023-08 1.1 1.2
2023-07 -1.0 0.3
2023-06 0.9 1.3
2023-05 0.9 4.7
2023-04 3.4 5.8
2023-03 2.0 5.8
2023-02 6.0 5.2
2023-01 6.6 7.2
2022-12 8.5 7.9
2022-11 6.0 5.2
2022-10 7.8 9.4
2022-09 6.0 4.6
2022-08 5.9 5.2
2022-07 5.4 6.6
2022-06 4.5 7.9
2022-05 9.1 1.9
2022-04 6.8 10.5
2022-03 10.9 10.9
2022-02 11.3 9.2
2022-01 7.8 4.2
2021-12 18.1 10.4
2021-11 12.3 10.8
2021-10 12.5 9.4
2021-09 14.8 11.8
2021-08 12.1 12.8
2021-07 11.9 14.0
2021-06 11.4 14.3
2021-05 14.5 6.5
2021-04 8.2 5.1
2021-03 7.5 2.0
2021-02 -2.7 -1.7
2021-01 -1.0 -2.0
2020-12 -6.1 -2.0
2020-11 -16.0 0.6
2020-10 1.9 10.1
2020-09 3.5 -3.5
2020-08 13.6 -20.7
2020-07 20.1 -60.8
2020-06 3.6 -80.3
2020-05 -46.6 -76.8
2020-04 -83.5 -24.0
2020-03 6.6 17.1
2020-02 14.2 12.3
2020-01 10.0 9.7
2019-12 9.1 8.8
2019-11 9.2 11.9
2019-10 15.9 13.1
2019-09 12.4 13.3
2019-08 12.1 10.2
2019-07 11.5 12.3
2019-06 14.5 8.9
2019-05 12.7 7.6
2019-04 12.8 10.4
2019-03 14.0 11.0
2019-02 14.7 10.3
2019-01 15.1 7.7
2018-12 11.2 6.5
2018-11 10.6 3.9
2018-10 9.6 4.0
2018-09 9.5 3.1
2018-08 5.6 9.3
2018-07 7.4 7.6
2018-06 12.1 4.7
2018-05 12.9 7.1
2018-04 13.5 9.9
2018-03 11.6 12.7
2018-02 10.8 14.0
2018-01 13.2 14.8
2017-12 14.1 12.7
2017-11 13.9 9.7
2017-10 7.9 5.5
2017-09 9.1 9.1
2017-08 14.5 2.3
2017-07 11.5 4.9
2017-06 3.4 10.9
2017-05 2.1 5.0
2017-04 5.9 -7.1
2017-03 2.6 -1.9
2017-02 -0.5 -1.0
2017-01 -2.8 5.6
2016-12 -0.8 -5.5
2016-11 1.6 0.6
2016-10 3.7 -0.4
2016-09 0.5 -6.1
2016-08 -3.3 -6.7
2016-07 -0.2 -9.8
2016-06 -2.7 -8.6
2016-05 -2.1 -8.1
2016-04 -5.1 -13.6
2016-03 -9.3 -14.1
2016-02 -16.1 -15.2
2016-01 -8.2 -14.6
2015-12 -8.0 -11.7
2015-11 -20.7 -15.3
2015-10 -15.2 -14.5
2015-09 -13.3 -16.9
2015-08 -8.8 -18.1
2015-07 -16.4 -22.2
2015-06 -20.4 -19.9
2015-05 -26.4 -21.7
2015-04 -24.0 -20.8
2015-03 -24.4 -27.6
2015-02 -23.7 -30.3
2015-01 -32.7 -23.0
2014-12 -27.9 -23.1
2014-11 -24.7 -25.3
2014-10 -29.9 -31.8
2014-09 -30.0 -29.7
2014-08 -27.4 -25.0
2014-07 -28.1 -18.2
2014-06 -17.6 -18.2
2014-05 -19.6 -19.0
2014-04 -22.4 -17.5
2014-03 -18.7 -17.3
2014-02 -20.7 -17.4
2014-01 -15.6 -20.7
2013-12 -18.6 -20.2
2013-11 -16.4 -13.0
2013-10 -15.5 -13.3
2013-09 -12.4 -13.2
2013-08 -19.7 -16.7
2013-07 -22.4 -22.2
2013-06 -24.0 -26.5
2013-05 -21.4 -26.7
2013-04 -24.6 -28.1
2013-03 -24.4 -23.9
2013-02 -22.1 -23.3
2013-01 -24.3 -21.6
2012-12 -21.9 -20.5
2012-11 -24.5 -21.2
2012-10 -25.9 -18.3
2012-09 -20.3 -15.0
2012-08 -19.3 -15.2
2012-07 -16.8 -15.0
2012-06 -14.0 -13.5
2012-05 -14.8 -13.4
2012-04 -12.0 -8.6
2012-03 -10.7 -5.6
2012-02 -12.5 -3.8
2012-01 -10.6 -1.6
2011-12 -11.6 -4.4
2011-11 -9.8 -4.3
2011-10 -4.7 -2.2
2011-09 -4.3 -0.7
2011-08 0.8 1.5
2011-07 5.0 8.2
2011-06 4.4 6.3
2011-05 2.0 6.1
2011-04 4.9 8.3
2011-03 2.8 1.6
2011-02 3.0 -3.8
2011-01 -1.0 -8.5
2010-12 -0.9 -7.8
2010-11 -0.5 -12.8
2010-10 -4.2 -13.1
2010-09 -12.7 -13.2
2010-08 -10.3 -12.7
2010-07 -11.4 -14.0
2010-06 -15.2 -17.5
2010-05 -17.6 -20.7
2010-04 -18.1 -25.4
2010-03 -18.2 -26.2
2010-02 -18.6 -23.7
2010-01 -20.1 -26.6
2009-12 -20.1 -26.5
2009-11 -20.4 -26.2
2009-10 -21.1 -24.9
2009-09 -24.5 -28.3
2009-08 -26.5 -31.2
2009-07 -31.4 -33.3
2009-06 -33.5 -33.1
2009-05 -34.2 -29.2
2009-04 -36.7 -30.1
2009-03 -36.9 -24.3
2009-02 -47.1 -25.8
2009-01 -35.2 -19.5
2008-12 -30.7 -21.0
2008-11 -36.1 -11.4
2008-10 -33.0 -10.7
2008-09 -9.3 -0.9
2008-08 -4.5 0.3
2008-07 -5.2 -0.3
2008-06 -4.1 4.9
2008-05 9.8 9.6
2008-04 9.2 16.2
2008-03 17.4 15.7
2008-02 14.9 18.0
2008-01 7.3 18.7
2007-12 16.6 19.2
2007-11 13.6 21.4
2007-10 16.2 19.5
2007-09 19.6 20.6
2007-08 18.4 20.7
2007-07 19.7 25.0
2007-06 21.1 24.9
2007-05 20.3 22.3
2007-04 20.1 24.1
2007-03 17.7 22.6
2007-02 18.5 19.9
2007-01 21.0 20.1
2006-12 20.3 22.0
2006-11 23.4 20.5
2006-10 21.3 22.9
2006-09 19.1 22.6
2006-08 17.5 20.6
2006-07 17.3 21.2
2006-06 14.3 21.4
2006-05 17.1 21.0
2006-04 15.6 20.1
2006-03 16.1 17.6
2006-02 19.9 13.5
2006-01 19.8 20.4
2005-12 19.7 20.2
2005-11 23.0 19.2
2005-10 18.5 18.1
2005-09 13.5 15.4
2005-08 14.1 14.6
2005-07 15.0 15.3
2005-06 16.4 12.6
2005-05 12.7 9.2
2005-04 13.3 9.8
2005-03 13.0 8.4
2005-02 8.9 11.6
2005-01 11.2 11.1

Activity tendency in building construction

  • Source: INSEE.

However, contractors' opinion on their expected activity is mixed when broken down by type of construction work. In the maintenance and improvement sector, the corresponding balance of opinion has dropped very sharply, returning below its long-term average. Those relating to construction activities (both dwelling and non dwelling) have improved again, but remain below their long-term average, especially for dwellings.

Entrepreneurs in the sector are less pessimistic than in the previous quarter about the general outlook for their industry: the corresponding balance, which had reached its lowest recorded level ever since 2015 (when excluding COVID-19 pandemic) in the previous quarter, has bounced back, but still remains below its long-term average. For the most part, this rebound was driven by companies in the carcase work sector, while the corresponding balance was virtually stable in the building installation and completion sector.

The economic uncertainty felt by building construction managers has increased slightly, moving away from its average.

Expected activity in the building construction

Expected activity in the building construction
Other new buildings New dwelling Maintenance and improvement
2025-04 -14.4 -28.4 -5.7
2025-03 -19.3 -33.6 5.7
2025-02 -21.0 -40.7 8.9
2025-01 -21.6 -33.1 8.1
2024-12 -23.0 -38.2 3.9
2024-11 -21.1 -35.3 1.6
2024-10 -21.4 -34.1 0.5
2024-09 -14.1 -36.7 -2.2
2024-08 -11.9 -32.6 4.4
2024-07 -19.8 -38.3 -2.6
2024-06 -12.9 -35.1 0.3
2024-05 -11.5 -35.2 5.7
2024-04 -7.5 -36.7 -1.5
2024-03 -5.3 -33.9 8.4
2024-02 -10.7 -32.9 15.1
2024-01 -18.0 -35.0 17.3
2023-12 -14.5 -32.2 8.9
2023-11 -14.3 -29.4 5.7
2023-10 -9.6 -29.3 9.3
2023-09 -2.2 -26.0 11.9
2023-08 1.0 -22.5 11.8
2023-07 0.6 -26.7 8.5
2023-06 -2.8 -14.3 9.7
2023-05 0.4 -23.6 8.4
2023-04 4.8 -15.9 14.9
2023-03 0.0 -15.2 11.3
2023-02 0.0 -14.1 16.5
2023-01 -2.9 -11.5 22.6
2022-12 -1.9 -10.3 18.5
2022-11 -5.3 -10.8 11.3
2022-10 -1.5 -3.6 16.4
2022-09 3.1 -7.7 12.9
2022-08 -4.8 -4.7 16.1
2022-07 -2.9 -10.5 13.2
2022-06 -1.2 -6.1 7.9
2022-05 4.8 -1.4 18.2
2022-04 3.8 -2.6 24.1
2022-03 10.7 3.8 16.0
2022-02 7.6 5.6 16.4
2022-01 5.2 5.2 8.1
2021-12 7.5 13.7 19.1
2021-11 -1.3 8.2 20.2
2021-10 3.2 6.3 17.4
2021-09 13.1 9.8 19.7
2021-08 5.3 5.6 16.8
2021-07 1.6 9.9 15.7
2021-06 8.5 2.5 20.2
2021-05 7.8 8.6 24.1
2021-04 3.9 4.2 15.7
2021-03 1.9 3.7 16.2
2021-02 -7.2 -7.6 6.7
2021-01 -15.6 1.5 0.2
2020-12 -14.5 1.1 3.8
2020-11 -15.5 -16.9 -16.5
2020-10 -10.4 10.9 3.9
2020-09 0.0 1.0 -3.9
2020-08 -5.2 3.9 43.3
2020-07 12.0 10.2 62.8
2020-06 3.6 1.2 26.7
2020-05 -41.7 -44.7 -10.8
2020-04 -84.8 -87.4 -55.2
2020-03 4.4 -5.8 15.0
2020-02 7.8 0.6 12.1
2020-01 5.5 4.0 8.4
2019-12 -2.2 4.5 9.6
2019-11 3.6 5.7 10.6
2019-10 9.1 13.5 11.0
2019-09 10.7 4.1 13.2
2019-08 11.7 1.6 12.5
2019-07 13.5 0.7 13.3
2019-06 15.9 3.2 17.8
2019-05 13.6 2.0 15.4
2019-04 20.2 0.4 12.7
2019-03 12.7 0.7 14.2
2019-02 12.4 1.4 15.6
2019-01 14.8 2.8 13.3
2018-12 8.5 4.5 10.3
2018-11 8.1 4.9 11.5
2018-10 9.3 -1.4 13.9
2018-09 6.7 -2.9 11.3
2018-08 5.1 -1.9 11.2
2018-07 7.7 2.9 13.5
2018-06 12.5 5.6 12.6
2018-05 13.9 4.1 11.9
2018-04 20.1 9.8 10.0
2018-03 10.2 10.0 10.1
2018-02 6.2 9.9 10.7
2018-01 6.9 9.1 14.5
2017-12 8.5 6.5 15.4
2017-11 14.6 5.8 13.6
2017-10 1.7 7.2 8.1
2017-09 15.1 7.5 14.8
2017-08 9.2 11.6 11.7
2017-07 14.9 13.4 8.2
2017-06 -0.1 9.8 -1.2
2017-05 0.5 11.8 2.1
2017-04 10.1 10.5 6.4
2017-03 -4.5 3.3 10.9
2017-02 -8.9 6.3 1.5
2017-01 -15.7 2.6 1.2
2016-12 -1.9 0.9 1.8
2016-11 12.4 -1.3 3.2
2016-10 6.7 2.0 7.6
2016-09 -2.3 3.5 0.6
2016-08 -6.3 0.3 0.8
2016-07 -0.7 -2.9 4.2
2016-06 -14.8 -11.5 0.8
2016-05 -17.4 -5.0 2.4
2016-04 -8.4 -8.3 0.1
2016-03 -11.8 -10.4 -1.3
2016-02 -28.7 -11.8 -4.1
2016-01 -17.2 -11.5 -5.2
2015-12 -6.3 -14.6 -3.3
2015-11 -23.8 -12.9 -8.3
2015-10 -30.0 -7.5 -8.9
2015-09 -24.2 -16.1 -10.7
2015-08 -26.2 -18.4 1.4
2015-07 -22.1 -23.3 -15.1
2015-06 -19.2 -20.8 -13.4
2015-05 -18.6 -27.7 -18.0
2015-04 -29.7 -27.4 -15.7
2015-03 -26.3 -27.9 -18.5
2015-02 -21.2 -42.6 -14.9
2015-01 -31.9 -39.7 -19.1
2014-12 -35.1 -32.5 -17.8
2014-11 -32.3 -27.4 -18.1
2014-10 -30.0 -36.8 -19.5
2014-09 -31.5 -37.4 -19.5
2014-08 -28.6 -37.1 -17.9
2014-07 -31.4 -33.7 -16.3
2014-06 -16.0 -36.1 -15.5
2014-05 -14.0 -31.1 -11.7
2014-04 -20.0 -32.2 -16.3
2014-03 -22.4 -27.0 -10.2
2014-02 -28.6 -28.1 -13.9
2014-01 -24.1 -26.6 -9.1
2013-12 -24.6 -26.4 -14.0
2013-11 -31.4 -22.2 -11.8
2013-10 -27.2 -24.7 -5.6
2013-09 -16.9 -24.9 -10.8
2013-08 -27.3 -29.8 -19.2
2013-07 -32.2 -32.0 -16.5
2013-06 -31.7 -29.2 -18.7
2013-05 -32.5 -32.0 -15.6
2013-04 -34.0 -33.7 -13.8
2013-03 -31.9 -33.6 -14.2
2013-02 -22.9 -33.1 -16.3
2013-01 -23.8 -32.8 -14.8
2012-12 -20.7 -34.4 -12.0
2012-11 -21.3 -37.2 -10.6
2012-10 -22.4 -38.0 -14.1
2012-09 -22.1 -33.2 -7.3
2012-08 -19.0 -32.0 -4.9
2012-07 -15.8 -31.9 -4.0
2012-06 -13.7 -28.2 -3.2
2012-05 -16.3 -38.6 -10.0
2012-04 -11.2 -31.8 -6.1
2012-03 -10.9 -29.2 -7.8
2012-02 -14.4 -19.1 -6.6
2012-01 -11.9 -16.5 -7.4
2011-12 -15.9 -15.8 -7.2
2011-11 -12.8 -15.3 -2.6
2011-10 -10.7 -6.7 4.7
2011-09 -7.1 -6.7 -2.7
2011-08 -2.1 0.4 -2.2
2011-07 1.3 5.4 0.6
2011-06 -5.0 2.7 2.8
2011-05 -3.2 3.9 3.1
2011-04 -3.3 13.5 1.8
2011-03 -4.8 9.1 2.6
2011-02 -3.7 7.9 8.3
2011-01 -5.9 5.2 3.3
2010-12 -7.0 14.2 -2.5
2010-11 -2.9 2.4 -1.8
2010-10 -10.1 -0.5 -3.1
2010-09 -17.1 -4.8 -20.7
2010-08 -21.8 -17.4 -1.8
2010-07 -27.2 -11.0 -4.9
2010-06 -30.8 -12.6 -7.0
2010-05 -32.1 -13.5 -5.1
2010-04 -33.4 -14.1 -6.5
2010-03 -32.9 -17.8 -7.4
2010-02 -31.6 -19.7 -6.4
2010-01 -34.0 -19.5 -8.8
2009-12 -30.6 -18.6 -8.4
2009-11 -29.4 -20.3 -10.9
2009-10 -30.3 -27.1 -9.2
2009-09 -34.3 -31.6 -11.7
2009-08 -38.5 -36.8 -15.2
2009-07 -39.8 -39.0 -17.6
2009-06 -42.2 -44.0 -18.0
2009-05 -41.0 -39.0 -21.8
2009-04 -40.4 -43.3 -19.6
2009-03 -38.3 -48.6 -20.7
2009-02 -39.4 -65.5 -29.1
2009-01 -27.1 -53.9 -13.1
2008-12 -35.2 -51.8 -13.3
2008-11 -31.0 -44.4 -10.9
2008-10 -24.7 -48.3 -7.3
2008-09 -14.6 -27.0 -2.6
2008-08 -8.4 -25.5 0.6
2008-07 -1.1 -23.5 2.0
2008-06 3.0 -20.1 4.5
2008-05 11.9 -9.1 7.2
2008-04 15.1 -9.7 10.5
2008-03 13.7 -0.3 25.8
2008-02 17.9 1.0 17.9
2008-01 8.8 -1.1 12.2
2007-12 16.4 4.2 18.5
2007-11 14.2 3.5 14.2
2007-10 17.8 8.7 15.4
2007-09 21.5 9.4 14.3
2007-08 21.7 8.5 15.4
2007-07 22.3 9.5 17.4
2007-06 24.0 13.0 18.6
2007-05 21.7 8.1 20.6
2007-04 16.3 8.7 19.2
2007-03 13.2 9.6 14.5
2007-02 19.7 13.4 15.5
2007-01 23.4 17.4 19.9
2006-12 26.9 9.8 14.2
2006-11 24.3 15.2 14.1
2006-10 19.8 14.9 15.1
2006-09 14.7 14.1 12.3
2006-08 11.4 16.5 13.1
2006-07 8.9 20.1 14.2
2006-06 9.7 15.7 12.6
2006-05 10.7 13.4 13.7
2006-04 14.3 13.4 10.5
2006-03 15.9 20.1 12.4
2006-02 16.3 19.0 13.0
2006-01 14.4 22.4 11.7
2005-12 17.8 26.1 13.2
2005-11 15.5 25.8 14.2
2005-10 12.6 13.9 11.5
2005-09 4.9 14.0 9.5
2005-08 5.4 13.3 8.0
2005-07 7.4 13.2 6.8
2005-06 8.1 21.1 12.3
2005-05 5.0 17.1 6.6
2005-04 11.2 18.8 6.0
2005-03 8.7 16.1 5.7
2005-02 -4.6 14.7 7.9
2005-01 -10.8 11.9 9.1

Expected activity in the building construction

  • Source: INSEE.

The balance of opinion on order books remains low

In April 2025, the balance of opinion relating to the level of building construction managers' order books is stable, well below its long-term average.

The production capacity utilisation rate has dropped back

In April 2025, 35% of companies have reported being at the limit of their production capacity (production bottlenecks), meaning that they would not be able to produce more with their current resources even if they received more orders. This share has increased slightly and stands just above its long-term average (34%).

The production capacity utilisation rate has dropped back: at 88.5%, it has thus returned below its long-term average (89.0%), and continues to trend near its lowest levels since the COVID-19 pandemic.

Almost as many business managers as in the previous month have reported facing obstacles limiting their production: at 60%, this proportion remains virtually stable, below its long-term average. More than in the previous month have reported facing insufficient demand (39%), a share well above its long-term average and which has now reached its highest level since 2017. They were also more numerous to declare facing workforce shortages (27%); this proportion remains slightly above its long-term average. Fewer construction entrepreneurs than in the previous quarter have reported facing recruitment difficulties (68%), although this proportion remains above its long-term average.

The share of companies reporting facing only supply difficulties has dropped anew slightly (22%), whereas the share of companies reporting facing only demand difficulties is virtually stable (21%).

Type of difficulties encountered by companies

Type of difficulties encountered by companies
Demand difficulties only Supply difficulties only
2025-04 20.9 21.5
2025-03 20.5 22.5
2025-02 19.3 22.3
2025-01 17.8 23.8
2024-12 18.3 23.9
2024-11 19.6 24.2
2024-10 17.3 26.2
2024-09 17.8 25.2
2024-08 16.2 27.1
2024-07 13.7 28.4
2024-06 16.5 30.3
2024-05 15.3 29.3
2024-04 13.8 29.6
2024-03 13.1 28.9
2024-02 12.9 31.0
2024-01 12.4 31.7
2023-12 14.2 31.2
2023-11 12.5 32.7
2023-10 9.6 36.2
2023-09 9.8 37.9
2023-08 9.7 39.3
2023-07 8.6 39.0
2023-06 9.3 41.1
2023-05 7.8 41.6
2023-04 7.1 43.8
2023-03 7.3 42.9
2023-02 6.2 46.1
2023-01 5.8 46.6
2022-12 4.7 48.0
2022-11 4.7 49.4
2022-10 4.8 52.9
2022-09 5.3 49.8
2022-08 6.1 51.7
2022-07 6.8 51.6
2022-06 4.4 51.3
2022-05 4.2 54.3
2022-04 4.5 53.5
2022-03 6.1 54.0
2022-02 5.5 50.4
2022-01 6.9 53.1
2021-12 6.5 56.3
2021-11 8.3 51.6
2021-10 6.3 51.5
2021-09 8.4 50.8
2021-08 9.2 51.5
2021-07 8.1 48.8
2021-06 9.0 45.6
2021-05 10.5 41.6
2021-04 12.5 41.0
2021-03 12.6 39.0
2021-02 13.9 35.2
2021-01 13.0 34.2
2020-12 12.4 32.2
2020-11 15.4 38.4
2020-10 14.2 36.3
2020-09 14.3 36.1
2020-08 13.7 37.4
2020-07 13.0 38.3
2020-06 11.7 43.9
2020-05 3.4 56.9
2020-04 2.1 63.9
2020-03 7.8 41.6
2020-02 10.2 41.9
2020-01 10.6 43.1
2019-12 11.0 42.4
2019-11 11.0 41.3
2019-10 11.0 45.9
2019-09 11.2 44.9
2019-08 11.3 44.3
2019-07 11.3 45.1
2019-06 10.8 43.4
2019-05 11.5 42.0
2019-04 11.3 41.2
2019-03 13.8 40.4
2019-02 14.0 41.0
2019-01 12.0 37.3
2018-12 16.0 40.7
2018-11 15.6 37.9
2018-10 17.4 36.1
2018-09 17.2 36.3
2018-08 16.7 35.3
2018-07 16.4 34.3
2018-06 18.7 34.5
2018-05 18.6 33.0
2018-04 16.2 35.0
2018-03 18.9 30.6
2018-02 18.8 29.5
2018-01 20.4 28.7
2017-12 20.6 28.8
2017-11 22.0 28.4
2017-10 21.2 26.3
2017-09 20.9 23.7
2017-08 23.7 23.0
2017-07 22.3 22.8
2017-06 25.5 20.4
2017-05 27.2 22.0
2017-04 28.6 19.5
2017-03 27.1 18.7
2017-02 26.7 17.5
2017-01 28.1 18.4
2016-12 31.4 18.1
2016-11 31.5 17.2
2016-10 32.9 16.2
2016-09 34.0 16.7
2016-08 33.4 16.1
2016-07 34.9 13.8
2016-06 36.6 14.3
2016-05 37.8 13.3
2016-04 37.3 13.4
2016-03 38.2 15.7
2016-02 37.0 14.5
2016-01 38.6 12.6
2015-12 40.0 13.5
2015-11 39.5 13.1
2015-10 39.9 13.9
2015-09 38.4 13.8
2015-08 35.9 14.5
2015-07 37.6 12.8
2015-06 37.7 13.5
2015-05 37.7 12.5
2015-04 37.6 11.5
2015-03 38.5 12.9
2015-02 37.5 12.9
2015-01 38.7 12.8
2014-12 39.3 13.7
2014-11 36.5 13.7
2014-10 37.5 15.0
2014-09 33.6 14.6
2014-08 32.3 15.7
2014-07 32.8 15.3
2014-06 32.8 15.0
2014-05 31.9 15.8
2014-04 31.2 15.3
2014-03 31.3 16.0
2014-02 32.6 16.1
2014-01 31.3 18.3
2013-12 32.5 19.0
2013-11 32.6 17.3
2013-10 31.8 18.3
2013-09 30.3 19.3
2013-08 29.2 19.2
2013-07 27.4 18.9
2013-06 27.9 18.6
2013-05 29.0 17.3
2013-04 28.8 17.0
2013-03 28.2 17.8
2013-02 26.6 17.4
2013-01 27.0 18.4
2012-12 27.4 15.6
2012-11 27.1 16.2
2012-10 28.6 18.3
2012-09 27.2 17.5
2012-08 27.4 17.9
2012-07 22.5 20.0
2012-06 24.1 19.4
2012-05 28.1 20.1
2012-04 25.3 21.9
2012-03 22.1 21.3
2012-02 12.0 9.6
2012-01 16.9 12.0
2011-12 14.0 10.4
2011-11 16.0 10.8
2011-10 17.7 12.4
2011-09 14.1 8.4
2011-08 15.3 10.2
2011-07 17.8 11.5
2011-06 13.9 9.8
2011-05 14.9 10.6
2011-04 20.6 13.7
2011-03 15.5 10.3
2011-02 14.8 12.2
2011-01 16.2 13.2
2010-12 17.0 11.5
2010-11 18.8 10.7
2010-10 20.8 11.7
2010-09 19.1 11.9
2010-08 19.5 11.6
2010-07 24.7 10.8
2010-06 22.7 7.4
2010-05 24.7 9.4
2010-04 27.6 9.9
2010-03 23.3 9.9
2010-02 23.5 9.0
2010-01 25.6 10.2
2009-12 26.9 9.3
2009-11 26.4 9.7
2009-10 25.2 9.1
2009-09 25.9 9.5
2009-08 27.4 9.6
2009-07 26.6 9.3
2009-06 26.0 7.9
2009-05 25.4 8.6
2009-04 25.6 10.1
2009-03 18.4 9.1
2009-02 20.2 11.3
2009-01 17.1 16.9
2008-12 15.3 12.3
2008-11 14.5 15.9
2008-10 12.2 21.0
2008-09 9.6 21.5
2008-08 7.6 24.3
2008-07 7.3 30.3
2008-06 6.3 26.7
2008-05 6.6 29.9
2008-04 5.6 36.8
2008-03 5.0 32.7
2008-02 4.9 33.2
2008-01 4.8 43.8
2007-12 4.7 36.3
2007-11 4.3 39.6
2007-10 5.0 45.3
2007-09 3.5 41.4
2007-08 4.0 45.6
2007-07 4.6 49.8
2007-06 4.5 46.5
2007-05 5.8 55.3
2007-04 7.3 49.7
2007-03 7.7 48.6
2007-02 4.7 51.0
2007-01 5.6 49.8
2006-12 5.4 51.8
2006-11 9.0 49.0
2006-10 9.7 50.3
2006-09 7.5 46.9
2006-08 6.9 48.4
2006-07 6.4 50.0
2006-06 7.0 47.6
2006-05 7.4 47.8
2006-04 7.5 49.0
2006-03 8.6 46.2
2006-02 10.2 45.3
2006-01 10.0 46.6
2005-12 11.4 45.8
2005-11 11.2 44.4
2005-10 9.7 46.4
2005-09 10.2 45.8
2005-08 10.5 45.3
2005-07 10.8 44.7
2005-06 11.4 44.1
2005-05 12.1 39.6
2005-04 11.6 39.9
2005-03 12.6 40.0
2005-02 14.0 37.2
2005-01 13.2 38.0

Type of difficulties encountered by companies

  • Source: INSEE.

The balance of opinion on expected prices has reached a level unprecedented since June 2017 ( excluding the COVID-19 pandemic)

In April 2025, the balance of opinion on expected prices has decreased slightly: it has gone back just below its long-term average, reaching a level unprecedented since June 2017 (excluding the COVID-19 pandemic).

The quarterly balance of opinion on cash-flow position is stable and remains slightly below its average. It stands at its lowest level since the COVID-19 pandemic.

The quarterly balance of opinion on payment delays has increased again, moving further away from its long-term average.

Business managers' opinion on expected workforce size has deteriorated slightly

In April 2025, business managers’ opinion regarding the evolution of their workforce size, both past and expected, has deteriorated slightly. The balance relative to expected workforce size has returned to its long-term average, whereas the one related to past workforce size has moved away from its own.

Workforce size tendency in building construction

Workforce size tendency in building construction
Expected workforce size Past workforce size
2025-04 -0.9 -7.7
2025-03 0.1 -6.6
2025-02 -1.4 -4.4
2025-01 1.5 -6.1
2024-12 0.0 -5.0
2024-11 2.6 -1.9
2024-10 3.0 -4.0
2024-09 1.7 -9.6
2024-08 1.2 -6.5
2024-07 1.8 -1.9
2024-06 3.7 -1.9
2024-05 3.8 -5.1
2024-04 5.7 -2.8
2024-03 3.7 -2.6
2024-02 4.5 -3.1
2024-01 4.4 -1.7
2023-12 3.6 -3.2
2023-11 3.6 -2.4
2023-10 7.8 -2.3
2023-09 8.8 0.9
2023-08 6.6 0.7
2023-07 8.4 2.5
2023-06 8.2 1.0
2023-05 8.5 -1.9
2023-04 9.7 -1.1
2023-03 11.9 2.2
2023-02 12.4 3.6
2023-01 13.0 3.6
2022-12 14.5 4.4
2022-11 15.1 4.5
2022-10 16.5 6.5
2022-09 14.3 0.0
2022-08 18.2 -1.5
2022-07 15.0 0.0
2022-06 12.4 1.0
2022-05 16.4 4.6
2022-04 16.3 6.8
2022-03 16.7 0.4
2022-02 17.4 2.1
2022-01 16.2 3.1
2021-12 18.3 5.6
2021-11 17.8 3.4
2021-10 15.6 4.3
2021-09 15.3 3.6
2021-08 16.5 3.6
2021-07 15.3 4.4
2021-06 17.1 2.3
2021-05 17.3 -1.8
2021-04 14.3 2.1
2021-03 12.7 -1.2
2021-02 7.2 -6.9
2021-01 5.1 -3.8
2020-12 7.4 -4.1
2020-11 3.3 -6.0
2020-10 4.0 -7.2
2020-09 2.6 -6.8
2020-08 0.4 -12.0
2020-07 4.2 -17.2
2020-06 -3.3 -21.8
2020-05 -17.8 -17.5
2020-04 -18.2 0.2
2020-03 11.8 6.9
2020-02 16.1 8.0
2020-01 14.5 6.5
2019-12 12.1 4.4
2019-11 14.3 4.3
2019-10 12.5 5.6
2019-09 13.5 5.3
2019-08 10.6 6.6
2019-07 9.6 4.6
2019-06 10.3 5.2
2019-05 13.2 5.9
2019-04 13.1 3.8
2019-03 12.3 5.9
2019-02 14.8 5.7
2019-01 5.9 1.7
2018-12 13.2 4.9
2018-11 12.6 9.1
2018-10 10.5 4.8
2018-09 14.9 4.9
2018-08 15.0 4.0
2018-07 16.7 4.6
2018-06 10.7 4.3
2018-05 9.6 6.7
2018-04 11.3 3.8
2018-03 13.0 1.0
2018-02 4.2 -4.7
2018-01 8.8 -1.5
2017-12 11.3 6.8
2017-11 0.8 -5.8
2017-10 4.8 -5.2
2017-09 2.0 -6.7
2017-08 2.1 -7.4
2017-07 5.7 -2.2
2017-06 2.7 -6.5
2017-05 -1.3 -8.2
2017-04 -5.2 -15.4
2017-03 -6.5 -11.1
2017-02 -9.0 -13.4
2017-01 -7.2 -14.3
2016-12 -8.3 -15.2
2016-11 -11.2 -14.7
2016-10 -8.3 -17.4
2016-09 -10.5 -18.5
2016-08 -13.2 -20.9
2016-07 -17.2 -21.0
2016-06 -16.4 -23.8
2016-05 -15.9 -24.0
2016-04 -17.9 -23.5
2016-03 -20.4 -27.1
2016-02 -20.8 -25.8
2016-01 -20.3 -24.7
2015-12 -23.3 -27.4
2015-11 -21.3 -28.3
2015-10 -23.2 -26.6
2015-09 -22.1 -24.9
2015-08 -23.2 -25.1
2015-07 -24.7 -28.7
2015-06 -19.9 -26.4
2015-05 -27.3 -29.9
2015-04 -27.3 -34.5
2015-03 -25.3 -26.7
2015-02 -24.5 -24.9
2015-01 -29.4 -29.3
2014-12 -24.3 -25.7
2014-11 -22.5 -24.8
2014-10 -26.0 -28.6
2014-09 -28.1 -28.7
2014-08 -26.9 -26.6
2014-07 -22.1 -25.5
2014-06 -23.4 -26.4
2014-05 -19.2 -15.4
2014-04 -19.3 -22.7
2014-03 -18.5 -18.6
2014-02 -21.1 -19.7
2014-01 -19.5 -19.0
2013-12 -17.7 -16.7
2013-11 -16.7 -18.1
2013-10 -10.4 -13.4
2013-09 -14.8 -18.5
2013-08 -16.0 -19.8
2013-07 -17.9 -18.2
2013-06 -18.2 -18.4
2013-05 -19.0 -16.1
2013-04 -13.5 -14.1
2013-03 -18.0 -17.9
2013-02 -15.9 -17.1
2013-01 -15.6 -14.4
2012-12 -16.2 -13.3
2012-11 -14.9 -10.7
2012-10 -14.7 -10.0
2012-09 -16.7 -15.8
2012-08 -14.7 -11.2
2012-07 -15.3 -11.9
2012-06 -11.3 -7.6
2012-05 -12.6 -8.9
2012-04 -9.3 -8.7
2012-03 -9.1 -6.9
2012-02 -3.9 -5.5
2012-01 -3.7 -4.2
2011-12 -5.3 -6.4
2011-11 -7.4 -8.7
2011-10 -6.2 -2.2
2011-09 -0.8 2.6
2011-08 3.4 3.8
2011-07 7.7 3.3
2011-06 6.8 3.3
2011-05 7.3 -0.3
2011-04 4.9 0.2
2011-03 3.6 -3.1
2011-02 3.1 -5.1
2011-01 -1.3 -4.2
2010-12 -1.7 -4.4
2010-11 -3.8 -7.6
2010-10 -7.8 -11.9
2010-09 -7.7 -11.0
2010-08 -11.3 -12.0
2010-07 -13.4 -10.8
2010-06 -15.4 -15.8
2010-05 -14.6 -14.0
2010-04 -14.0 -16.6
2010-03 -13.1 -16.8
2010-02 -15.8 -17.2
2010-01 -12.8 -18.3
2009-12 -14.5 -18.8
2009-11 -15.3 -18.8
2009-10 -15.9 -19.2
2009-09 -17.1 -19.1
2009-08 -19.0 -19.2
2009-07 -20.3 -20.7
2009-06 -20.1 -17.9
2009-05 -20.2 -17.9
2009-04 -20.9 -18.5
2009-03 -22.4 -12.8
2009-02 -17.9 -8.2
2009-01 -16.9 -8.7
2008-12 -12.5 -2.3
2008-11 -8.7 -0.9
2008-10 -1.4 5.8
2008-09 4.8 5.9
2008-08 9.5 9.3
2008-07 11.9 13.4
2008-06 13.8 13.6
2008-05 15.5 12.9
2008-04 23.1 21.1
2008-03 22.3 23.0
2008-02 15.9 21.4
2008-01 19.9 22.6
2007-12 21.5 21.0
2007-11 26.7 21.7
2007-10 23.1 16.6
2007-09 24.2 22.1
2007-08 24.6 21.8
2007-07 25.4 21.6
2007-06 28.6 23.4
2007-05 25.5 20.2
2007-04 22.9 20.6
2007-03 24.6 20.5
2007-02 25.3 21.4
2007-01 27.0 19.2
2006-12 26.3 18.5
2006-11 23.8 19.8
2006-10 26.1 21.6
2006-09 24.4 21.7
2006-08 22.2 21.1
2006-07 20.3 20.4
2006-06 21.8 17.9
2006-05 20.5 18.2
2006-04 18.2 16.0
2006-03 19.3 13.3
2006-02 20.2 19.9
2006-01 18.4 18.9
2005-12 17.0 12.7
2005-11 19.5 11.4
2005-10 15.9 9.7
2005-09 13.7 7.9
2005-08 15.2 6.0
2005-07 16.9 3.9
2005-06 14.0 8.1
2005-05 14.2 6.7
2005-04 15.2 6.9
2005-03 12.5 5.5
2005-02 9.5 0.0
2005-01 9.2 0.7

Workforce size tendency in building construction

  • Source: INSEE.

Revisions

The business climate in the building construction industry of March 2025 has not been revised (after rounding).

For further information

For questions with three possible answers, a balance of opinion is calculated as the difference between the percentage of “above the normal” or “increase” responses and the percentage of “below the normal” or “decrease” responses.

The responses to this survey were collected between 27 March and 22 April 2025; most companies answer during the first two weeks of collection.

All the balances of opinion from this survey are included in this publication and are available in the complementary chronological series published online.

This survey is part of the Joint Harmonised European Programme of Business and Consumer Surveys, partly funded by the European Commission.

Additional information (simplified and detailed methodology, nomenclature, etc.) are available on the “Documentation” tab of the web page of this publication.

Next issue: 22 May 2025 at 8:45 am.

Pour en savoir plus

For questions with three possible answers, a balance of opinion is calculated as the difference between the percentage of “above the normal” or “increase” responses and the percentage of “below the normal” or “decrease” responses.

The responses to this survey were collected between 27 March and 22 April 2025; most companies answer during the first two weeks of collection.

All the balances of opinion from this survey are included in this publication and are available in the complementary chronological series published online.

This survey is part of the Joint Harmonised European Programme of Business and Consumer Surveys, partly funded by the European Commission.

Additional information (simplified and detailed methodology, nomenclature, etc.) are available on the “Documentation” tab of the web page of this publication.

Next issue: 22 May 2025 at 8:45 am.

: bureau-de-presse@insee.fr