In November 2015, the economic climate remains gloomy in the building construction industryMonthly survey of building - November 2015

According to the business managers surveyed in November 2015, the business climate is virtually stable in the building construction industry. The composite indicator which measures it has increased by one point remains significantly below (91) its long-term average (100). The turning point indicator remains in the neutral area

Informations rapides
No 282
Paru le : 24/11/2015
Prochaine parution le : 21/12/2017 at 08:45 - December 2017

Warning: the results of this survey take into account answers until 19 November inclusive. The large majority of responses were registered before the attacks of 13 November.

According to the business managers surveyed in November 2015, the business climate is virtually stable in the building construction industry. The composite indicator which measures it has increased by one point remains significantly below (91) its long-term average (100). The turning point indicator remains in the neutral area.

Climate – Business climate composite indicator

TurningPoint – Turning-point indicator

  • Note: close to 1 (respectively –1), it indicates a favourable climate (respectively unfavourable).

Tableau1 – Building industry economic outlook

Balances of opinion, in %, SA
Building industry economic outlook
Mean* Aug. 15 Sept. 15 Oct. 15 Nov. 15
Composite indicator 100 91 91 90 91
Past activity –4 –22 –24 –16 –13
Expected activity –7 –11 –13 –19 –18
Gen. business outlook –19 –24
Past employment –5 –26 –26 –30 –29
Expected employment –4 –24 –21 –24 –24
Opinion on order books –23 –53 –52 –53 –50
Order books (in month) 5,4 6,6 6,6 6,5 6,4
Production capacity utilisation rate 88,6 84,7 84,4 84,6 84,7
Obstacles to production increase (in %) 32 23 21 19 20
- Because of workforce shortage (in %) 14,5 2,9 2,6 2,7 2,7
Recruiting problems (in %) 58 41
Expected prices –15 –29 –29 –32 –31
Cash-flow position –10 –12
Repayment period 29 39
  • * Mean since September 1993.

Business managers consider their activity as a little less deteriorated

In November 2015, slightly less business managers than in the previous month have declared a fall in their activity in the recent period and for the next three months. However, the corresponding balances of opinion are still below their long-term average.

Activity – Activity tendency in building construction

Persistent pessimism about employment

In November 2015, almost as many business managers as in October have indicated a fall in their staff size in the recent period and for the next few months. The corresponding balances remain substantially below their long-term average.

Workforce – Workforce size tendency in building construction

Order books have been considered very low

Order books are considered much lower than normal. The corresponding balance has been very low for more than a year. With their staff size, business managers consider that their order books provide 6.4 months of work, a level virtually stable and above its long term average (5.4 months).

OrderBooks – Order books

Production capacity is clearly underused used

Since 2008, the production capacity utilisation rate has been below its long-term average. In November 2015, it is virtually stable (84.7%). Almost one business manager out of five has reported difficulties in increasing output, against one out of three in average since 1993.

Pcur – Production capacity utilisation rate

Prices has been reported down

In November 2015, almost as many business managers as in October have indicated price falls. The corresponding balance remains substantially below its long-term average.