20 December 2013
2013- n° 293The economic climate stays stable in the building industry in December 2013 Monthly 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.
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.
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* | 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.
graphiqueActivity – 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.
graphiqueWorkforce – 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.
graphiqueOrderBooks – 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.
graphiquePcur – 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.
Documentation
Methodology (2016) (pdf,170 Ko)
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