22 May 2014
2014- n° 120The economic climate is still unfavorable in the building industry in May 2014 Monthly survey of building - May 2014
According to the business managers surveyed in May 2014, the situation is almost stable in the building industry. The composite indicator has increased by one point and stays below its long-term average. The turning-point indicator is in the neutral zone.
According to the business managers surveyed in May 2014, the situation is almost stable in the building industry. The composite indicator has increased by one point and stays below its long-term average. The turning-point indicator is in the neutral zone.
graphiqueClimate – Composite indicator
graphiqueTurningPoint – Turning-point indicator
- Lecture: close to 1 (respectively -1), it indicates a favorable climate (respectively unfavorable).
tableauTableau1 – Building industry economic outlook
| Mean* | Feb. 14 | March 14 | April 14 | May 14 | |
|---|---|---|---|---|---|
| Composite indicator | 100 | 93 | 94 | 93 | 94 |
| Past activity | –3 | –16 | –19 | –17 | –16 |
| Expected activity | –5 | –21 | –18 | –20 | –19 |
| Gen. business outlook | –18 | –35 | |||
| Past employment | –3 | –18 | –16 | –20 | –15 |
| Expected employment | –3 | –22 | –17 | –20 | –19 |
| Opinion on order books | –21 | –44 | –40 | –41 | –43 |
| Order books (in month) | 5,3 | 6,7 | 6,8 | 6,9 | 6,8 |
| Productive capacity utilisation rate | 88,9 | 85,7 | 85,9 | 86,1 | 85,8 |
| Obstacles to production increase (in %) | 33 | 24 | 24 | 23 | 24 |
| - Because of workforce shortage (in %) | 15,3 | 3,6 | 3,4 | 2,9 | 3,4 |
| Recruiting problems (in %) | 59 | 44 | |||
| Expected prices | –13 | –30 | –30 | –33 | –35 |
| Cash-flow position | –9 | –22 | |||
| Repayment period | 28 | 40 |
- * Mean since September 1993.
- Source: French business survey in the building industry - Insee
Activity remains deteriorated
Business managers consider that their activity is still deteriorated in the recent period. Slightly more business managers than in April forecast a fall of their activity for the next few months. The corresponding balances of opinion stay significantly below their long-term average.
graphiqueActivity – Activity tendency in the building industry
Decreasing employment
Fewer business managers than in April indicate job losses. The corresponding balances of opinion to past and expected employment stay substantially below their long-term average.
graphiqueWorkforce – Workforce size tendency in the building industry
Order books are still considered lower than normal
In May, slightly more business managers than in April consider their order books lower than normal.
graphiqueOrderBooks – Order books
Productive capacity underused again
The productive capacity utilization rate is stable and stays below its long-term average. At the same time, almost one business manager out of four declares having difficulties increasing his activity.
graphiquePcur – Productive capacity utilization rate
Prices not very dynamic
In may, more business managers than in April indicate price downturns. The corresponding balance of opinion is still well below its long-term average.
Documentation
Methodology (2016) (pdf,170 Ko)
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