23 June 2015
2015- n° 153In June 2015, the economic climate is less deteriorated in the building construction
industry Monthly survey of building - June 2015
According to the business managers surveyed in June 2015, the business climate has improved slightly in the building construction industry. The composite indicator has risen by 2 points. At 91, it stays below its long-term average (100), however. The turning point indicator has gone into the favorable zone.
According to the business managers surveyed in June 2015, the business climate has improved slightly in the building construction industry. The composite indicator has risen by 2 points. At 91, it stays below its long-term average (100), however. The turning point indicator has gone into the favorable zone.
Fewer business managers forecast a fall in their activity
In June 2015, fewer business managers than in May forecast a fall in their activity in the next three months. Almost as many business managers as in May declare a fall in their activity over the past three months. However, the corresponding balances of opinion remain far below their long-term average.
graphiqueActivity – Activity tendency in building construction
A little less pessimism about employment
In June 2015, fewer business managers than in May indicate a fall in their staff size in the recent period and for the next few months. However, the corresponding balances remain substantially below their long-term average.
graphiqueWorkforce – Workforce size tendency in building construction
graphiqueClimate – Business climate 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* | March 15 | April 15 | May 15 | June 15 | |
|---|---|---|---|---|---|
| Composite indicator | 100 | 89 | 88 | 89 | 91 |
| Past activity | –4 | –31 | –19 | –17 | –16 |
| Expected activity | –6 | –25 | –20 | –25 | –20 |
| Gen. business outlook | –19 | –35 | |||
| Past employment | –4 | –25 | –33 | –28 | –25 |
| Expected employment | –4 | –24 | –28 | –25 | –19 |
| Opinion on order books | –22 | –57 | –56 | –54 | –56 |
| Order books (in month) | 5,4 | 6,5 | 6,6 | 6,5 | 6,6 |
| Production capacity utilisation rate | 88,6 | 83,8 | 83,9 | 83,9 | 84,2 |
| Obstacles to production increase (in %) | 32 | 21 | 20 | 17 | 22 |
| - Because of workforce shortage (in %) | 14,7 | 2,4 | 2,8 | 2,6 | 2,6 |
| Recruiting problems (in %) | 58 | 37 | |||
| Expected prices | –14 | –34 | –35 | –34 | –32 |
| Cash-flow position | –10 | –23 | |||
| Repayment period | 29 | 43 |
- * Mean since September 1993.
- Source: French business survey in the building industry - INSEE
Order books are still considered lower than normal
Business managers’ opinion about their order books remains deteriorated. The corresponding balance stays at a very low level since October 2014. However, the number of months covered by these order books is almost stable (6.6 months), above its long term average (5.4 months).
graphiqueOrderBooks – Order books
Production capacity stays underused
In June 2015, the production capacity utilisation rate has improved slightly to 84.2 % (+0.3 point compared to the last month) but stay well below its long-term average.
graphiquePcur – Production capacity utilisation rate
Prices are still very tight
In June, slightly fewer business managers than in May indicate price falls. However, the corresponding balance remains substantially below its long-term average.
Documentation
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