In April 2015, the economic climate remains deteriorated in public worksQuaterly survey of public works - April 2015

According to the business managers surveyed in April 2015, the economic climate in public works remains very deteriorated.

According to the business managers surveyed in April 2015, the economic climate in public works remains very deteriorated.

The judgment about activity is still deteriorated

In April 2015, more business managers than in January declare a fall in their activity on the recent period. However, slightly fewer of them expect a fall in their activity for the next few months. These balances stay far below their long-term average. More business managers than in January consider their order books lower than normal for this period of the year. The corresponding balance has reached its lowest level since 1984.

Few obstacles to production

Obstacles to production remain at a very low level: only 3% of businesses indicate being hampered because of a workforce shortage.

Increased pessimism about employment

In April 2015, the balance of opinion on expected workforce has sharply decreased. It has reached its lowest level since 1993.

tableau1 – Public works economic outlook

Balances of opinion, in %, SA
Public works economic outlook
Mean* July 14 Oct. 14 Jan. 15 April 15
Past activity –7 –43 –58 –54 –61
- public-sector project –12 –55 –70 –54 –70
- private-sector project –12 –30 –39 –43 –43
Expected activity –15 –47 –54 –45 –42
- public-sector project –18 –55 –58 –50 –53
- private-sector project –18 –36 –41 –42 –34
Opinion on order books –26 –56 –63 –66 –68
Obstacles to production increase because of workforce shortage (in %) 15 4 3 2 3
Expected workforce –16 –42 –49 –43 –59
  • Note: the balances of opinion by costumer may differ from the balance of the whole, because sometimes the firms don’t distinguish public-sector project and private-sector project.
  • * Mean since January 1981
  • Sources: FNTP and INSEE

Activity – Activity tendency in public works