25 February 2014
2014- n° 44The economic climate stays unfavorable in the building industry in February 2014 Monthly survey of building - February 2014
According to the business managers surveyed in February 2014, the situation stays unfavorable in the building industry: the composite indicator is stable and stays below its long-term average. The turning-point indicator has gone into the unfavorable zone.
According to the business managers surveyed in February 2014, the situation stays unfavorable in the building industry: the composite indicator is stable and stays below its long-term average. The turning-point indicator has gone into the unfavorable 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* | Nov. 13 | Dec. 13 | Jan. 14 | Feb. 14 | |
|---|---|---|---|---|---|
| Composite indicator | 100 | 94 | 94 | 93 | 93 |
| Past activity | –3 | –9 | –17 | –18 | –15 |
| Expected activity | –5 | –14 | –18 | –15 | –21 |
| Gen. business outlook | –18 | –33 | |||
| Past employment | –3 | –17 | –15 | –19 | –19 |
| Expected employment | –3 | –17 | –17 | –19 | –23 |
| Opinion on order books | –20 | –48 | –49 | –46 | –44 |
| Order books (in month) | 5.3 | 6.8 | 6.2 | 6.7 | 6.7 |
| Productive capacity utilisation rate | 88.9 | 85.7 | 86.7 | 86.2 | 85.7 |
| Obstacles to production increase (in %) | 33 | 23 | 26 | 26 | 25 |
| - Because of workforce shortage (in %) | 15.5 | 3.9 | 2.9 | 4.1 | 3.7 |
| Recruiting problems (in %) | 59 | 46 | |||
| Expected prices | –13 | –28 | –30 | –30 | –31 |
| Cash-flow position | –9 | –13 | |||
| Repayment period | 28 | 39 |
- * 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. More business managers than in January forecast a fall of their activity. The balances of opinion corresponding stay significantly below their long-term average.
graphiqueActivity – Activity tendency in the building industry
Decreasing employment
Employment in the building industry is grim: more business managers than in January indicate job losses for the next few months. 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 February, 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, one business manager out of four declares having difficulties increasing his activity.
graphiquePcur – Productive capacity utilization rate
Prices not very dynamic
In February, as business managers as in January indicate price downturns. The corresponding balance of opinion remains sharply inferior to its long-term average.
Documentation
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