In December 2014, the economic climate remains sluggish in the building construction industryMonthly survey of building - December 2014

According to the business managers surveyed in December 2014, the situation remains sluggish in the building construction industry. The composite indicator stabilises to 89 and stays below its long-term average. The turning point indicator remains in the neutral zone.

Informations rapides
No 295
Paru le : 19/12/2014
Prochaine parution le : 26/09/2017 at 08:45 - September 2017

According to the business managers surveyed in December 2014, the situation remains sluggish in the building construction industry. The composite indicator stabilises to 89 and stays below its long-term average. The turning point indicator remains in the neutral zone.

Climate – Composite indicator

TurningPoint – Turning-point indicator

  • Lecture: close to 1 (respectively -1), it indicates a favorable climate (respectively unfavorable).

Tableau1 – Building industry economic outlook

Balances of opinion, in %, SA
Building industry economic outlook
Mean* Sept. 14 Oct. 14 Nov. 14 Dec. 14
Composite indicator 100 88 86 89 89
Past activity –3 –35 –33 –22 –23
Expected activity –6 –30 –34 –24 –28
Gen. business outlook –19 –46
Past employment –4 –30 –32 –26 –26
Expected employment –3 –28 –26 –25 –25
Opinion on order books –22 –53 –59 –58 –59
Order books (in month) 5,3 6,5 6,5 6,4 6,3
Productive capacity utilisation rate 88,8 85,0 84,6 84,6 84,2
Obstacles to production increase (in %) 33 19 17 21 21
- Because of workforce shortage (in %) 15,0 3,8 3,3 3,4 3,3
Recruiting problems (in %) 59 41
Expected prices –14 –34 –35 –36 –38
Cash-flow position –9 –25
Repayment period 29 44
  • * Mean since September 1993.
  • Source: French business survey in the building industry - Insee

Activity is still deteriorated

In December 2014, as business managers as in November have deemed that their activity has deteriorated in the recent period. They are a little more pessimistic about their expected activity. The corresponding balances remain below their long-term average.

Activity – Activity tendency in the building industry

Business manager are pessimistic about employment

As business managers as in November have pointed out a fall in past and expected employment. The corresponding balances are substantially below their long-term average.

Workforce – Workforce size tendency in the building industry

Order books are considered lower than normal

In December, business managers have still considered their order books lower than normal.

OrderBooks – Order books

Productive capacity even less used

Production capacity even less used The productive capacity utilization rate continues to fall. At the same time, just a little more than one business manager out of five declare having difficulties increasing, against one out of three in average since 1993.

Pcur – Productive capacity utilization rate

Prices are declared down

In December, a little more business managers than in November indicate price downturns. The corresponding balance of opinion is clearly below its long-term average.