In July 2013, the economic climate recovers slightly in public worksQuaterly survey of public works - July 2013
Warning: seasonal coefficients were updated for this survey.
In July 2013, the judgment about past activity recovers
In the second quarter 2013, past activity would increase with the rebound of bad weather conditions from the previous quarter: the corresponding balance of opinion strongly increases and rejoins its long-term average. The balance of opinion corresponding to expected activity remains almost stable compared to the previous quarter, slightly over its long-term average.
Business leaders are more numerous than in April to consider their order books higher than normal for this period of the year.
Still no many obstacles to production
Obstacles to production remain at a very low level: only 5 % of the businesses indicate to be constrained because of workforce shortage.
Employment would remains sluggish
In view of the business leaders’ expectations, the decline in employment would lighten in the next months. The corresponding balance of opinion is equal to its long-term average.
tableau tableau1 – Public works economic outlook
|Mean*||Oct. 12||Jan. 13||April 13||July 13|
|- of which public-sector project||–11||–12||–17||–40||–20|
|- of which private-sector project||–11||–12||–11||–33||–15|
|- of which public-sector project||–16||–35||–18||–18||–20|
|- of which private-sector project||–17||–28||–17||–19||–10|
|Opinion on order books||–25||–17||–14||–23||–18|
|Obstacles to production increase because of workforce shortage (in %)||15||6||7||7||5|
- * Mean since January 1981
- Sources: FNTP and INSEE