25 June 2013
2013- n° 145The economic climate gets worse again in building industry in June 2013 Monthly survey of building - June 2013
According to the business leaders surveyed in June 2013, the situation gets worse again in building indus-try: the composite indicator loses two points and stays below its long-term average. The turning-point indicator is in the unfavourable zone.
Warning: seasonal coefficients were updated for this survey.
According to the business leaders surveyed in June 2013, the situation gets worse again in building industry: the composite indicator loses two points and stays below its long-term average. The turning-point indicator is in the unfavourable zone.
Activity remains deteriorated
The business leaders consider that their activity remains deteriorated in the recent period. The business leaders stay pessimistic about their activity in the next months.
Decreasing employment
Employment in the building industry is grim: the balances of opinion corresponding to past employment and expected employment deteriorate and stay significantly below their long-term average.
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* | March 13 | April 13 | May 13 | June 13 | |
|---|---|---|---|---|---|
| Composite indicator | 100 | 93 | 93 | 93 | 91 |
| Past activity | –2 | –25 | –28 | –24 | –28 |
| Expected activity | –5 | –23 | –23 | –21 | –25 |
| Gen. business outlook | –17 | –50 | |||
| Past employment | –2 | –16 | –12 | –15 | –20 |
| Expected employment | –2 | –17 | –13 | –19 | –20 |
| Opinion on order books | –20 | –43 | –43 | –46 | –48 |
| Order books (in month) | 5,2 | 7,1 | 7,1 | 7,1 | 7,0 |
| Productive capacity utilisation rate | 89,0 | 85,6 | 85,8 | 85,9 | 85,8 |
| Obstacles to production increase (in %) | 34 | 18 | 19 | 21 | 21 |
| - Because of workforce shortage (in %) | 15,8 | 3,9 | 4,4 | 5,1 | 5,0 |
| Recruiting problems (in %) | 60 | 47 | |||
| Expected prices | –12 | –34 | –38 | –38 | –41 |
| Cash-flow position | –8 | –25 | |||
| Repayment period | 28 | 47 |
- * Mean since September 1993.
Order books are again considered significantly lower than normal
In June, business leaders are more numerous than in May to consider their order books lower than normal. The corresponding balance of opinion is in a level inferior to its long-term average.
Productive capacity underused again
The productive capacity utilisation rate is almost stable but stays below its long-term average. At the same time, almost one business leader out of five declare having difficulties to increase his activity.
Prices not very dynamic
In June, business leaders are more numerous than in May to indicate price downturns. The corresponding balance of opinion remains sharply inferior to its long-term average.
graphiquePcur – Productive capacity utilisation rate
graphiqueActivity – Activity tendency in the building industry
graphiqueWorkforce – Workforce size tendency in the building industry
graphiqueOrderBooks – Order books
Documentation
Methodology (2016) (pdf,170 Ko)
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