19 December 2014
2014- n° 295In December 2014, the economic climate remains sluggish in the building construction
industry Monthly 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.
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.
graphiqueClimate – Composite indicator
graphiqueTurningPoint – Turning-point indicator
- Lecture: close to 1 (respectively -1), it indicates a favorable climate (respectively unfavorable).
tableauTableau1 – 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.
graphiqueActivity – 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.
graphiqueWorkforce – 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.
graphiqueOrderBooks – 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.
graphiquePcur – 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.
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