The economic climate stays almost stable in the building industry in March 2014Monthly survey of building - March 2014

According to the business managers surveyed in March 2014, the situation stays almost stable in the building industry. The composite indicator has increased by one point but stays below its long-term average. The turning-point indicator is in the neutral zone.

Informations rapides
No 68
Paru le : 25/03/2014
Prochaine parution le : 21/12/2017 at 08:45 - December 2017

According to the business managers surveyed in March 2014, the situation stays almost stable in the building industry. The composite indicator has increased by one point but stays below its long-term average. The turning-point indicator is in the neutral 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* Dec. 13 Jan. 14 Feb. 14 March 14
Composite indicator 100 94 93 93 94
Past activity –3 –17 –18 –16 –18
Expected activity –5 –18 –15 –21 –19
Gen. business outlook –18 –33
Past employment –3 –15 –19 –18 –16
Expected employment –3 –17 –19 –22 –17
Opinion on order books –20 –49 –46 –44 –41
Order books (in month) 5,3 6,2 6,7 6,7 6,7
Productive capacity utilisation rate 88,9 86,7 86,2 85,7 85,6
Obstacles to production increase (in %) 33 26 26 24 24
- Because of workforce shortage (in %) 15,4 2,9 4,1 3,6 3,4
Recruiting problems (in %) 59 46
Expected prices –13 –30 –30 –30 –29
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

In March 2014, Business managers consider that their activity is still deteriorated in the recent period. Slightly fewer business managers than in February forecast a fall of their activity for the next few month. The balances of opinion corresponding stay significantly below their long-term average.

Activity – Activity tendency in the building industry

Decreasing employment

Fewer business managers than in February indicate job losses for the next few months. The balances of opinion corresponding to past employment and expected employment stay substantially below their long-term average.

Workforce – Workforce size tendency in the building industry

Order books are still considered lower than normal

In March, fewer business managers than in February consider their order books lower than normal. However the balance of opinion stays sharply inferior to its long-term average.

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.

Pcur – Productive capacity utilization rate

Prices not very dynamic

In March, almost as business managers as in February indicate price downturns. The corresponding balance of opinion is still well below its long-term average.

OpinionOrderBooks – Opinion on order books