In April 2013, the economic climate stays mitigated in public worksQuaterly survey of public works - April 2013

In the first quarter 2013, activity would decrease, apparently because of bad weather conditions. The corresponding balance of opinion pass sharply below its long-term average. On the other hand, expected activity improves compared to the previous quarter, and the corresponding balance of opinion pass slightly over its long-term average.

In April 2013, the judgment about past activity decline sharply

In the first quarter 2013, activity would decrease, apparently because of bad weather conditions. The corresponding balance of opinion pass sharply below its long-term average. On the other hand, expected activity improves compared to the previous quarter, and the corresponding balance of opinion pass slightly over its long-term average.

Business leaders are less numerous than in January to consider their order books higher than normal for this period of the year.

Still no many obstacles to production

Obstacles to production remain at a very low level: only 8 % of the businesses indicate to be constrained because of workforce shortage.

Employment would level off

In April, as many business leaders as in January anticipate a workforce size drop in the next months. The corresponding balance of opinion is almost equal to its long-term average.

tableau1 – Public works economic outlook

Balances of opinion, in %, SA
Public works economic outlook
Mean* July 12 Oct. 12 Jan. 13 April 13
Past activity –6 –22 –6 –1 –33
- of which public-sector project –11 –35 –10 –14 –41
- of which private-sector project –11 –25 –11 –9 –35
Expected activity –14 –6 –28 –17 –10
- of which public-sector project –16 –14 –36 –20 –16
- of which private-sector project –17 –11 –30 –20 –16
Opinion on order books –25 –10 –18 –14 –24
Obstacles to production increase because of workforce shortage (in %) 15 6 5 7 8
Expected workforce –15 –13 –23 –16 –16
  • * Mean since January 1981
  • Sources: FNTP and INSEE

Activity – Activity tendency in public works