An economic climate halftone in public works in the fourth quarter 2013Quaterly 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.

tableau1 – Public works economic outlook

Balances of opinion, in %, SA
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

Activity – Activity tendency in public works