The economic climate stays stable in the building industry in December 2013Monthly survey of building - December 2013

According to the business managers surveyed in December 2013, the situation is stable in the building industry: the composite indicator has stabilized below its long-term average. The turning-point indicator stays in the favorable zone.

Informations rapides
No 293
Paru le : 20/12/2013
Prochaine parution le : 26/09/2017 at 08:45 - September 2017

According to the business managers surveyed in December 2013, the situation is stable in the building industry: the composite indicator has stabilized below its long-term average. The turning-point indicator stays in the favorable 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* Sept. 13 Oct. 13 Nov. 13 Dec. 13
Composite indicator 100 93 94 94 94
Past activity –2 –16 –14 –9 –13
Expected activity –5 –10 –17 –14 –17
Gen. business outlook –17 –29
Past employment –3 –21 –14 –17 –15
Expected employment –2 –15 –9 –17 –16
Opinion on order books –20 –43 –47 –48 –49
Order books (in month) 5,3 7,0 7,0 6,8 6,7
Productive capacity utilisation rate 88,9 86,5 85,9 85,7 85,5
Obstacles to production increase (in %) 33 25 24 23 24
- Because of workforce shortage (in %) 15,6 4,8 4,5 3,9 3,8
Recruiting problems (in %) 59 46
Expected prices –13 –31 –29 –28 –32
Cash-flow position –9 –27
Repayment period 28 43
  • * Mean since September 1993.
  • Source: French business survey in the building industry - Insee

Activity remains deteriorated

More business managers than in November, indicate a fall in their past activity and expected activity. The corresponding balances of opinion are still substantially below their long-term average.

Activity – Activity tendency in the building industry

Decreasing employment

The balances of opinion corresponding to past employment and expected employment stay significantly below their long-term average.

Workforce – Workforce size tendency in the building industry

Order books are still considered lower than normal

In December, business managers still consider their order books lower than normal.

OrderBooks – Order books

Productive capacity underused again

The productive capacity utilization rate has stabilized and stays below its long-term average. At the same time, almost one business manager out of four declares having difficulties increasing their activity.

Pcur – Productive capacity utilization rate

Prices not very dynamic

More business managers than in November indicate price downturns. The corresponding balance of opinion remains sharply inferior to its long-term average.