The economic climate is still unfavorable in the building industry in May 2014Monthly 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.

Informations rapides
No 120
Paru le : 22/05/2014
Prochaine parution le : 23/11/2017 at 08:45 - November 2017

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.

Climate – Composite indicator

TurningPoint – Turning-point indicator

  • Lecture: close to 1 (respectively -1), it indicates a favorable climate (respectively unfavorable).

Tableau1 – Building industry economic outlook

Balances of opinion, in %, SA
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.

Activity – 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.

Workforce – 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.

OrderBooks – 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.

Pcur – 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.