25 October 2013
2013- n° 248An economic climate halftone in public works in the fourth quarter 2013 Quaterly survey of public works - October 2013
According to the business managers surveyed in October 2013, activity in public works has still gone up in the third quarter, but might fall back in the fourth quarter.
According to the business managers surveyed in October 2013, activity in public works has still gone up in the third quarter, but might fall back in the fourth quarter.
In October 2013, the judgment about past activity recovers
The balance of opinion on past activity increased again, and is now well above its long-term average. On the contrary, the balance of opinion corresponding to expected activity went down compared to the previous quarter, and fell below its long-term average.
Business managers are as numerous as in July to consider their order books higher than normal for this period of the year.
Still few obstacles to production
Obstacles to production remain at a very low level: only 7 % of the businesses indicate to be constrained because of workforce shortage.
Employment may remain on its recent trend
In view of the business managers’ expectations, employment might stay on its recent trend for the next few month. The corresponding balance of opinion stays at its long-term average.
tableautableau1 – Public works economic outlook
| Mean* | Jan. 13 | April 13 | July 13 | Oct. 13 | |
|---|---|---|---|---|---|
| Past activity | –6 | –5 | –30 | –5 | 6 |
| - of which public-sector project | –11 | –17 | –40 | –20 | –1 |
| - of which private-sector project | –11 | –11 | –33 | –15 | –1 |
| Expected activity | –14 | –14 | –12 | –11 | –16 |
| - of which public-sector project | –17 | –18 | –18 | –20 | –19 |
| - of which private-sector project | –17 | –17 | –19 | –10 | –14 |
| Opinion on order books | –25 | –14 | –23 | –18 | –17 |
| Obstacles to production increase because of workforce shortage (in %) | 15 | 7 | 7 | 5 | 7 |
| Expected workforce | –15 | –14 | –19 | –15 | –14 |
- * Mean since January 1981
- Sources: FNTP and INSEE
graphiqueActivity – Activity tendency in public works
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