In October 2015, in public works, production capacity remains underused but outlook has improvedQuaterly survey of public works - October 2015

According to the business managers surveyed in October 2015, the economic climate in public works remains deteriorated, however, expected activity has improved for the fourth quarter.

According to the business managers surveyed in October 2015, the economic climate in public works remains deteriorated, however, expected activity has improved for the fourth quarter.

The expected activity has improved

In October 2015, the balance of opinion on past activity has increased a little but it remains far below its long-term average. Business manager are less pessimistic than in July about their expected activity: the corresponding balance of opinion has sharply advanced again and return to a level slightly above its long-term average.

Very few obstacles to production

Obstacles to production remain very low: only 3% of businesses indicate being hampered because of a workforce shortage, against 15% in long-term average. Fewer business managers than in July consider their order books lower than normal for this period of the year but the corresponding balance remains far below its long-term average.

Business managers are still pessimistic about expected workforce

In October 2015, even if the balance of opinion corresponding to expected workforce has improved again, it stays well below its long-term average.

tableau1 – Public works economic outlook

Balances of opinion, in %, SA
Public works economic outlook
Mean* Jan. 15 April 15 July 15 Oct. 15
Past activity –7 –56 –58 –38 –36
- public-sector project –13 –58 –67 –50 –49
- private-sector project –12 –45 –40 –27 –17
Expected activity –15 –42 –47 –30 –12
- public-sector project –18 –49 –56 –39 –23
- private-sector project –18 –39 –36 –19 –4
Opinion on order books –26 –65 –68 –67 –57
Obstacles to production increase because of workforce shortage (in %) 15 2 3 1 3
Expected workforce –17 –45 –59 –46 –38
  • * Mean since January 1981
  • Sources: FNTP and INSEE

Activity – Activity tendency in public works