28 April 2014
2014- n° 99The economic climate worsens in public worksin the second quarter 2014 Quaterly survey of public works - April 2014
According to the business managers surveyed in April 2014, activity in public works may deteriorate in the second quarter.
According to the business managers surveyed in April 2014, activity in public works may deteriorate in the second quarter.
In April 2014, the judgment about past activity gets worse
The balance of opinion on past activity declined and reached a level close to its long-term average. The balance of opinion corresponding to expected activity went down compared to the previous quarter, and remains below its long-term average.
Far more business managers than in January consider their order books lower than normal for this period of the year.
Still few obstacles to production
Obstacles to production remain at a very low level: only 5 % of businesses indicate being hampered because of a workforce shortage.
More business managers than in January anticipate a fall in their staff size
In April 2014, sharply more business managers than in January anticipate a fall in their staff size for the next quarter. The corresponding balance of opinion falls below its long-term average.
tableautableau1 – Public works economic outlook
| Mean* | July 13 | Oct. 13 | Jan. 14 | April 14 | |
|---|---|---|---|---|---|
| Past activity | –6 | –5 | 6 | 2 | –7 |
| - of which public-sector project | –11 | –20 | –1 | –2 | –19 |
| - of which private-sector project | –11 | –15 | –1 | –6 | –9 |
| Expected activity | –14 | –11 | –16 | –27 | –29 |
| - of which public-sector project | –17 | –20 | –19 | –29 | –40 |
| - of which private-sector project | –17 | –10 | –14 | –18 | –22 |
| Opinion on order books | –25 | –18 | –17 | –23 | –37 |
| Obstacles to production increase because of workforce shortage (in %) | 15 | 5 | 7 | 6 | 5 |
| Expected workforce | –15 | –15 | –14 | –15 | –32 |
- * Mean since January 1981
- Sources: FNTP and INSEE
graphiqueActivity – Activity tendency in public works
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