27 January 2015
2015- n° 20In January 2015, the economic climate is slightly less deteriorated in public works Quaterly survey of public works - January 2015
According to the business managers surveyed in January 2015, the economic climate in public works has improved slightly compared to the previous quarter but remains very deteriorated.
According to the business managers surveyed in January 2015, the economic climate in public works has improved slightly compared to the previous quarter but remains very deteriorated.
The judgment about activity is still deteriorated but slightly less than in the previous quarter
In January 2015, the balances of opinion on past and expected activity have improved compared to the previous quarter where they reached their lowest level since 1984. These balances stay far below their long-term average.
However, more business managers than in October consider their order books lower than normal for this period of the year. The corresponding balance has reached its lowest level since July 1996.
Few obstacles to production
Obstacles to production remain at a very low level: only 2 % of businesses indicate being hampered because of a workforce shortage.
Fewer business managers than in October anticipate a fall in their staff size
In January 2015, the balance of opinion on expected workforce has stopped its fall started in Januray 2014. However it stays well below its long-term average.
tableautableau1 – Public works economic outlook
| Mean* | April 14 | July 14 | Oct. 14 | Jan. 15 | |
|---|---|---|---|---|---|
| Past activity | –7 | –7 | –43 | –58 | –54 |
| - public-sector project | –12 | –19 | –55 | –70 | –54 |
| - private-sector project | –11 | –9 | –30 | –39 | –43 |
| Expected activity | –15 | –29 | –47 | –54 | –45 |
| - public-sector project | –18 | –40 | –55 | –58 | –50 |
| - private-sector project | –18 | –22 | –36 | –41 | –42 |
| Opinion on order books | –26 | –37 | –56 | –63 | –66 |
| Obstacles to production increase because of workforce shortage (in %) | 15 | 5 | 4 | 3 | 2 |
| Expected workforce | –16 | –32 | –42 | –49 | –43 |
- 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
graphiqueActivity – Activity tendency in public works
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