The economic climate worsens in public worksin the second quarter 2014Quaterly 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.

tableau1 – Public works economic outlook

Balances of opinion, in %, SA
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

Activity – Activity tendency in public works