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Informations Rapides · 24 July 2025 · n° 182
Informations rapidesIn July 2025, the business climate in building construction is stable Monthly survey of building - July 2025

According to business managers surveyed in July 2025, the business climate in the construction sector is stable. At 96, the synthetic indicator remains below its long-term average. Entrepreneurs are more pessimistic than in June about their expected activity, but maintain their opinion regarding their past activity. Additionally, they have reported a marked deterioration in their capacity utilisation rate and a slight decline in the level of their order books.

Informations rapides
No 182
Paru le :Paru le24/07/2025
Prochaine parution le : 22/08/2025 at 08:45 - August 2025
Warning

The composite indicator of the business climate in the construction industry has been slightly revised in July 2025 to better reflect short-term dynamics of the economy. Some of the balances of opinion that are used to compute it have been changed, as well as its standardisation window, which has led to a downward shift in the indicator level by approximately 4 points. In addition, as usual at this time of year, seasonal coefficients have been updated. This has led to revisions to all the results previously released for this survey. The revisions induced by the updating of those coefficients are for the most part relatively minor. See the “Documentation” tab for more details.

According to business managers surveyed in July 2025, the business climate in the construction sector is stable. At 96, the synthetic indicator remains below its long-term average. Entrepreneurs are more pessimistic than in June about their expected activity, but maintain their opinion regarding their past activity. Additionally, they have reported a marked deterioration in their capacity utilisation rate and a slight decline in the level of their order books.

Business climate composite indicator

Business climate composite indicator
Business climate composite indicator
2025-07 95.6
2025-06 96.5
2025-05 96.4
2025-04 93.2
2025-03 94.4
2025-02 94.5
2025-01 94.7
2024-12 94.6
2024-11 95.4
2024-10 95.9
2024-09 96.6
2024-08 97.2
2024-07 95.2
2024-06 97.3
2024-05 98.8
2024-04 97.8
2024-03 100.2
2024-02 99.9
2024-01 99.4
2023-12 99.2
2023-11 99.9
2023-10 100.0
2023-09 102.4
2023-08 102.6
2023-07 101.8
2023-06 103.2
2023-05 104.1
2023-04 105.0
2023-03 105.1
2023-02 105.8
2023-01 106.4
2022-12 107.0
2022-11 105.4
2022-10 106.7
2022-09 105.5
2022-08 105.6
2022-07 105.4
2022-06 106.3
2022-05 105.1
2022-04 107.4
2022-03 108.4
2022-02 108.4
2022-01 106.1
2021-12 110.0
2021-11 108.4
2021-10 107.5
2021-09 109.6
2021-08 108.8
2021-07 109.0
2021-06 109.3
2021-05 107.3
2021-04 105.7
2021-03 104.6
2021-02 101.4
2021-01 101.3
2020-12 99.5
2020-11 99.0
2020-10 104.5
2020-09 101.3
2020-08 97.2
2020-07 85.8
2020-06 76.9
2020-05 69.9
2020-04 81.4
2020-03 109.3
2020-02 109.2
2020-01 107.5
2019-12 107.5
2019-11 108.4
2019-10 109.7
2019-09 109.2
2019-08 108.2
2019-07 108.5
2019-06 108.2
2019-05 107.4
2019-04 108.2
2019-03 108.6
2019-02 108.4
2019-01 107.5
2018-12 106.4
2018-11 105.2
2018-10 104.9
2018-09 104.7
2018-08 106.0
2018-07 105.7
2018-06 105.6
2018-05 106.2
2018-04 107.1
2018-03 107.7
2018-02 108.0
2018-01 108.8
2017-12 108.2
2017-11 107.0
2017-10 104.6
2017-09 105.5
2017-08 104.4
2017-07 104.6
2017-06 105.0
2017-05 102.9
2017-04 99.8
2017-03 100.5
2017-02 100.4
2017-01 101.9
2016-12 98.5
2016-11 100.9
2016-10 100.7
2016-09 98.5
2016-08 97.6
2016-07 96.8
2016-06 96.7
2016-05 96.8
2016-04 94.8
2016-03 93.8
2016-02 92.4
2016-01 93.8
2015-12 94.4
2015-11 91.4
2015-10 92.3
2015-09 91.9
2015-08 92.2
2015-07 89.7
2015-06 89.6
2015-05 88.1
2015-04 88.7
2015-03 86.5
2015-02 85.7
2015-01 86.6
2014-12 87.4
2014-11 87.3
2014-10 84.4
2014-09 85.4
2014-08 87.3
2014-07 89.2
2014-06 91.2
2014-05 90.8
2014-04 91.0
2014-03 91.7
2014-02 91.2
2014-01 91.0
2013-12 90.6
2013-11 93.0
2013-10 93.2
2013-09 94.0
2013-08 91.6
2013-07 89.3
2013-06 87.7
2013-05 88.1
2013-04 87.2
2013-03 88.6
2013-02 89.4
2013-01 89.7
2012-12 90.3
2012-11 89.6
2012-10 90.3
2012-09 92.5
2012-08 92.9
2012-07 93.4
2012-06 94.3
2012-05 94.4
2012-04 96.5
2012-03 97.7
2012-02 97.9
2012-01 99.0
2011-12 97.8
2011-11 98.0
2011-10 99.5
2011-09 99.8
2011-08 101.4
2011-07 104.1
2011-06 103.4
2011-05 103.0
2011-04 103.9
2011-03 101.5
2011-02 100.0
2011-01 97.8
2010-12 98.0
2010-11 96.2
2010-10 95.3
2010-09 93.6
2010-08 94.5
2010-07 93.7
2010-06 92.0
2010-05 90.5
2010-04 88.8
2010-03 88.6
2010-02 89.5
2010-01 88.4
2009-12 88.2
2009-11 88.4
2009-10 89.0
2009-09 87.6
2009-08 86.3
2009-07 84.9
2009-06 84.8
2009-05 85.4
2009-04 85.4
2009-03 87.0
2009-02 84.1
2009-01 89.2
2008-12 89.3
2008-11 92.2
2008-10 93.3
2008-09 100.5
2008-08 102.2
2008-07 101.6
2008-06 104.0
2008-05 107.8
2008-04 110.0
2008-03 111.4
2008-02 112.1
2008-01 110.6
2007-12 112.4
2007-11 112.7
2007-10 112.4
2007-09 113.5
2007-08 113.5
2007-07 115.1
2007-06 115.1
2007-05 114.0
2007-04 114.0
2007-03 113.3
2007-02 112.3
2007-01 112.8
2006-12 113.8
2006-11 113.7
2006-10 114.1
2006-09 113.8
2006-08 113.0
2006-07 113.2
2006-06 112.4
2006-05 112.7
2006-04 112.1
2006-03 111.2
2006-02 110.6
2006-01 112.7
2005-12 112.5
2005-11 112.9
2005-10 111.7
2005-09 110.0
2005-08 109.8
2005-07 110.2
2005-06 109.5
2005-05 107.7
2005-04 107.9
2005-03 107.3
2005-02 107.6
2005-01 107.9
2004-12 108.1
2004-11 108.7
2004-10 107.1
2004-09 106.7
2004-08 106.4
2004-07 106.5
2004-06 104.3
2004-05 105.1
2004-04 105.8
2004-03 104.8
2004-02 103.9
2004-01 104.9
2003-12 101.7
2003-11 100.1
2003-10 97.5
2003-09 100.7
2003-08 97.8
2003-07 95.2
2003-06 94.5
2003-05 94.6
2003-04 94.1
2003-03 92.9
2003-02 94.6
2003-01 94.5
2002-12 93.3
2002-11 94.4
2002-10 95.8
2002-09 97.3
2002-08 98.2
2002-07 99.4
2002-06 103.4
2002-05 103.2
2002-04 99.7
2002-03 103.0
2002-02 102.0
2002-01 100.6
2001-12 101.7
2001-11 102.1
2001-10 103.3
2001-09 103.8
2001-08 105.5
2001-07 107.3
2001-06 109.1
2001-05 110.9
2001-04 111.2
2001-03 115.6
2001-02 117.2
2001-01 116.5
2000-12 118.9
2000-11 121.9
2000-10 122.9
2000-09 122.9
2000-08 122.9
2000-07 122.8
2000-06 121.1
2000-05 119.5
2000-04 122.6
2000-03 118.9
2000-02 117.9
2000-01 119.4
1999-12 118.3
1999-11 114.3
1999-10 113.9
1999-09 113.2
1999-08 112.7
1999-07 112.1
1999-06 110.0
1999-05 111.5
1999-04 109.4
1999-03 107.2
1999-02 105.6
1999-01 106.1
1998-12 100.1
1998-11 105.8
1998-10 105.4
1998-09 108.7
1998-08 108.2
1998-07 107.7
1998-06 106.0
1998-05 103.4
1998-04 100.8
1998-03 102.4
1998-02 100.0
1998-01 98.1

Business climate composite indicator

  • Source: INSEE.

Building industry economic outlook

Balances of opinion, in %, SA
Building industry economic outlook (Balances of opinion, in %, SA)
Average* April 25 May 25 June 25 July 25
Composite indicator 100 93 96 96 96
Past activity -3 -18 -13 -12 -12
Expected activity -4 -14 -5 -6 -10
General business outlook **** -15 -24 -20
Past employment -4 -9 -6 -6 -6
Expected employment -1 0 2 2 4
Opinion on order books -21 -31 -28 -28 -30
Production capacity utilisation rate (in %) 89.0 88.7 89.0 89.6 88.6
Obstacles to production increase (in %) ** 65 60 58 57 60
     Because of an insufficient demand (in %) ** 31 39 37 34 36
     Because of workforce shortage (in %) ** 29 27 25 25 27
     Because of supply difficulties (in %) ** 6 2 1 1 1
Production bottlenecks (in %) 34 34 37 39 36
Recruiting problems (in %) **** 61 65 68
Expected prices -8 -8 -8 -9 -8
Cash-flow position **** -10 -10 -11
Payment delays **** 30 34 36
Economic uncertainty felt *** 9 10 12 10 11
  • *Average since April 1978 for the composite indicator, since September 1993 for the balances of opinion, since April 2021 for the balances of opinion on the economic uncertainty felt.
  • ** Non-seasonally adjusted percentage of weighted responses.
  • *** Non-seasonally adjusted balance of opinion.
  • **** Balance of opinion from the quarterly section of the survey.
  • Source: INSEE, French business survey in the building industry.

Entrepreneurs’ balance of opinion on their expected activity has deteriorated again

In July 2025, construction entrepreneurs’ opinion on their expected activity has deteriorated again. The associated balance has decreased and has moved further away from its long-term average. Their opinion on past activity is stable, but remains well below its long-term average.

Activity tendency in building construction

Activity tendency in building construction
Expected activity Past activity
2025-07 -10.0 -12.3
2025-06 -6.3 -12.4
2025-05 -5.0 -13.0
2025-04 -13.7 -18.2
2025-03 -11.2 -15.6
2025-02 -10.9 -15.4
2025-01 -11.0 -15.4
2024-12 -13.7 -13.8
2024-11 -12.6 -12.8
2024-10 -13.2 -10.6
2024-09 -9.8 -10.7
2024-08 -9.8 -9.0
2024-07 -16.0 -12.5
2024-06 -9.1 -10.4
2024-05 -6.4 -6.3
2024-04 -11.3 -7.2
2024-03 -2.8 -3.6
2024-02 -1.9 -5.7
2024-01 -5.7 -5.4
2023-12 -8.4 -4.6
2023-11 -6.1 -3.4
2023-10 -5.5 -3.4
2023-09 -0.2 0.5
2023-08 -0.4 1.1
2023-07 -2.4 -0.5
2023-06 2.6 0.9
2023-05 0.2 4.9
2023-04 4.2 5.2
2023-03 3.8 5.9
2023-02 6.7 6.3
2023-01 6.0 8.2
2022-12 8.5 8.8
2022-11 4.5 5.5
2022-10 7.5 7.7
2022-09 7.5 4.7
2022-08 4.5 5.1
2022-07 3.9 5.5
2022-06 5.8 7.3
2022-05 8.2 2.3
2022-04 7.6 10.0
2022-03 12.2 10.9
2022-02 12.0 10.4
2022-01 7.6 5.2
2021-12 18.2 11.4
2021-11 10.8 10.9
2021-10 12.3 7.8
2021-09 16.6 11.7
2021-08 10.3 12.7
2021-07 10.4 13.1
2021-06 12.5 13.7
2021-05 13.7 7.0
2021-04 9.4 4.7
2021-03 8.4 1.9
2021-02 -2.2 -0.5
2021-01 -0.8 -1.1
2020-12 -6.3 -0.9
2020-11 -17.1 0.6
2020-10 1.7 8.7
2020-09 5.4 -3.7
2020-08 11.5 -21.1
2020-07 18.8 -61.5
2020-06 4.4 -81.0
2020-05 -47.2 -76.3
2020-04 -81.2 -24.2
2020-03 6.6 17.1
2020-02 14.2 12.3
2020-01 10.0 9.7
2019-12 9.1 8.8
2019-11 9.2 11.9
2019-10 15.9 13.1
2019-09 12.4 13.3
2019-08 12.1 10.2
2019-07 11.5 12.3
2019-06 14.5 8.9
2019-05 12.7 7.6
2019-04 12.8 10.4
2019-03 14.0 11.0
2019-02 14.7 10.3
2019-01 15.1 7.7
2018-12 11.2 6.5
2018-11 10.6 3.9
2018-10 9.6 4.0
2018-09 9.5 3.1
2018-08 5.6 9.3
2018-07 7.4 7.6
2018-06 12.1 4.7
2018-05 12.9 7.1
2018-04 13.5 9.9
2018-03 11.6 12.7
2018-02 10.8 14.0
2018-01 13.2 14.8
2017-12 14.1 12.7
2017-11 13.9 9.7
2017-10 7.9 5.5
2017-09 9.1 9.1
2017-08 14.5 2.3
2017-07 11.5 4.9
2017-06 3.4 10.9
2017-05 2.1 5.0
2017-04 5.9 -7.1
2017-03 2.6 -1.9
2017-02 -0.5 -1.0
2017-01 -2.8 5.6
2016-12 -0.8 -5.5
2016-11 1.6 0.6
2016-10 3.7 -0.4
2016-09 0.5 -6.1
2016-08 -3.3 -6.7
2016-07 -0.2 -9.8
2016-06 -2.7 -8.6
2016-05 -2.1 -8.1
2016-04 -5.1 -13.6
2016-03 -9.3 -14.1
2016-02 -16.1 -15.2
2016-01 -8.2 -14.6
2015-12 -8.0 -11.7
2015-11 -20.7 -15.3
2015-10 -15.2 -14.5
2015-09 -13.3 -16.9
2015-08 -8.8 -18.1
2015-07 -16.4 -22.2
2015-06 -20.4 -19.9
2015-05 -26.4 -21.7
2015-04 -24.0 -20.8
2015-03 -24.4 -27.6
2015-02 -23.7 -30.3
2015-01 -32.7 -23.0
2014-12 -27.9 -23.1
2014-11 -24.7 -25.3
2014-10 -29.9 -31.8
2014-09 -30.0 -29.7
2014-08 -27.4 -25.0
2014-07 -28.1 -18.2
2014-06 -17.6 -18.2
2014-05 -19.6 -19.0
2014-04 -22.4 -17.5
2014-03 -18.7 -17.3
2014-02 -20.7 -17.4
2014-01 -15.6 -20.7
2013-12 -18.6 -20.2
2013-11 -16.4 -13.0
2013-10 -15.5 -13.3
2013-09 -12.4 -13.2
2013-08 -19.7 -16.7
2013-07 -22.4 -22.2
2013-06 -24.0 -26.5
2013-05 -21.4 -26.7
2013-04 -24.6 -28.1
2013-03 -24.4 -23.9
2013-02 -22.1 -23.3
2013-01 -24.3 -21.6
2012-12 -21.9 -20.5
2012-11 -24.5 -21.2
2012-10 -25.9 -18.3
2012-09 -20.3 -15.0
2012-08 -19.3 -15.2
2012-07 -16.8 -15.0
2012-06 -14.0 -13.5
2012-05 -14.8 -13.4
2012-04 -12.0 -8.6
2012-03 -10.7 -5.6
2012-02 -12.5 -3.8
2012-01 -10.6 -1.6
2011-12 -11.6 -4.4
2011-11 -9.8 -4.3
2011-10 -4.7 -2.2
2011-09 -4.3 -0.7
2011-08 0.8 1.5
2011-07 5.0 8.2
2011-06 4.4 6.3
2011-05 2.0 6.1
2011-04 4.9 8.3
2011-03 2.8 1.6
2011-02 3.0 -3.8
2011-01 -1.0 -8.5
2010-12 -0.9 -7.8
2010-11 -0.5 -12.8
2010-10 -4.2 -13.1
2010-09 -12.7 -13.2
2010-08 -10.3 -12.7
2010-07 -11.4 -14.0
2010-06 -15.2 -17.5
2010-05 -17.6 -20.7
2010-04 -18.1 -25.4
2010-03 -18.2 -26.2
2010-02 -18.6 -23.7
2010-01 -20.1 -26.6
2009-12 -20.1 -26.5
2009-11 -20.4 -26.2
2009-10 -21.1 -24.9
2009-09 -24.5 -28.3
2009-08 -26.5 -31.2
2009-07 -31.4 -33.3
2009-06 -33.5 -33.1
2009-05 -34.2 -29.2
2009-04 -36.7 -30.1
2009-03 -36.9 -24.3
2009-02 -47.1 -25.8
2009-01 -35.2 -19.5
2008-12 -30.7 -21.0
2008-11 -36.1 -11.4
2008-10 -33.0 -10.7
2008-09 -9.3 -0.9
2008-08 -4.5 0.3
2008-07 -5.2 -0.3
2008-06 -4.1 4.9
2008-05 9.8 9.6
2008-04 9.2 16.2
2008-03 17.4 15.7
2008-02 14.9 18.0
2008-01 7.3 18.7
2007-12 16.6 19.2
2007-11 13.6 21.4
2007-10 16.2 19.5
2007-09 19.6 20.6
2007-08 18.4 20.7
2007-07 19.7 25.0
2007-06 21.1 24.9
2007-05 20.3 22.3
2007-04 20.1 24.1
2007-03 17.7 22.6
2007-02 18.5 19.9
2007-01 21.0 20.1
2006-12 20.3 22.0
2006-11 23.4 20.5
2006-10 21.3 22.9
2006-09 19.1 22.6
2006-08 17.5 20.6
2006-07 17.3 21.2
2006-06 14.3 21.4
2006-05 17.1 21.0
2006-04 15.6 20.1
2006-03 16.1 17.6
2006-02 19.9 13.5
2006-01 19.8 20.4
2005-12 19.7 20.2
2005-11 23.0 19.2
2005-10 18.5 18.1
2005-09 13.5 15.4
2005-08 14.1 14.6
2005-07 15.0 15.3
2005-06 16.4 12.6
2005-05 12.7 9.2
2005-04 13.3 9.8
2005-03 13.0 8.4
2005-02 8.9 11.6
2005-01 11.2 11.1

Activity tendency in building construction

  • Source: INSEE.

Contractors' opinion on their expected activity is mixed when broken down by type of construction work. The balance of opinion for new dwelling constructions has continued to recover: after five consecutive months of increase, it is now close to its long-term average. In contrast, for non-dwelling constructions, the balance of opinion on expected activity has deteriorated and has moved away from its long-term average. For maintenance and improvement activities, the balance remains virtually stable, slightly above its long-term average.

The economic uncertainty felt by building construction managers has slightly increased and has moved away from its long-term average.

Expected activity in the building construction

Expected activity in the building construction
Other new buildings New dwelling Maintenance and improvement
2025-07 -18.1 -10.6 3.5
2025-06 -11.3 -18.0 3.2
2025-05 -16.3 -23.0 4.8
2025-04 -21.4 -27.9 -7.1
2025-03 -23.2 -33.7 4.9
2025-02 -20.3 -38.7 6.0
2025-01 -17.1 -34.1 7.2
2024-12 -18.8 -37.6 3.4
2024-11 -15.8 -35.8 3.6
2024-10 -18.3 -36.7 1.5
2024-09 -17.2 -35.7 -0.5
2024-08 -12.4 -34.6 3.4
2024-07 -20.4 -36.4 -0.4
2024-06 -13.5 -34.5 1.6
2024-05 -14.5 -35.4 4.0
2024-04 -13.5 -36.5 -2.5
2024-03 -9.3 -33.9 7.8
2024-02 -10.2 -31.2 12.9
2024-01 -13.5 -35.8 17.5
2023-12 -10.7 -31.4 8.4
2023-11 -8.5 -29.7 7.6
2023-10 -6.4 -32.5 9.8
2023-09 -5.6 -25.1 13.4
2023-08 0.9 -23.7 10.9
2023-07 0.5 -25.1 10.1
2023-06 -3.8 -13.2 10.4
2023-05 -2.8 -24.2 6.3
2023-04 -1.5 -15.8 13.7
2023-03 -4.1 -15.2 10.8
2023-02 0.4 -13.0 15.1
2023-01 1.5 -11.8 24.2
2022-12 1.8 -9.4 18.1
2022-11 1.0 -10.8 12.7
2022-10 1.5 -7.3 16.6
2022-09 -0.5 -7.0 13.8
2022-08 -4.3 -5.3 15.6
2022-07 -2.7 -9.2 14.4
2022-06 -2.7 -4.7 7.7
2022-05 1.6 -2.5 15.6
2022-04 -3.1 -2.6 23.1
2022-03 7.2 3.9 15.7
2022-02 8.3 6.5 16.0
2022-01 9.1 5.4 11.1
2021-12 11.2 14.8 19.3
2021-11 5.1 8.5 21.1
2021-10 5.5 1.9 16.8
2021-09 9.9 10.5 20.3
2021-08 6.6 5.5 16.5
2021-07 2.1 11.0 16.0
2021-06 6.6 4.0 19.3
2021-05 4.6 7.4 21.2
2021-04 -4.0 4.1 15.2
2021-03 -0.6 3.8 16.4
2021-02 -5.9 -7.0 7.3
2021-01 -12.1 1.9 3.8
2020-12 -10.6 2.2 4.9
2020-11 -9.6 -16.4 -16.5
2020-10 -8.7 6.2 2.8
2020-09 -2.4 1.9 -3.9
2020-08 -3.6 4.1 43.1
2020-07 12.0 10.7 61.9
2020-06 1.4 2.6 25.9
2020-05 -44.8 -45.9 -13.3
2020-04 -93.8 -87.5 -55.4
2020-03 4.4 -5.8 15.0
2020-02 7.8 0.6 12.1
2020-01 5.5 4.0 8.4
2019-12 -2.2 4.5 9.6
2019-11 3.6 5.7 10.6
2019-10 9.1 13.5 11.0
2019-09 10.7 4.1 13.2
2019-08 11.7 1.6 12.5
2019-07 13.5 0.7 13.3
2019-06 15.9 3.2 17.8
2019-05 13.6 2.0 15.4
2019-04 20.2 0.4 12.7
2019-03 12.7 0.7 14.2
2019-02 12.4 1.4 15.6
2019-01 14.8 2.8 13.3
2018-12 8.5 4.5 10.3
2018-11 8.1 4.9 11.5
2018-10 9.3 -1.4 13.9
2018-09 6.7 -2.9 11.3
2018-08 5.1 -1.9 11.2
2018-07 7.7 2.9 13.5
2018-06 12.5 5.6 12.6
2018-05 13.9 4.1 11.9
2018-04 20.1 9.8 10.0
2018-03 10.2 10.0 10.1
2018-02 6.2 9.9 10.7
2018-01 6.9 9.1 14.5
2017-12 8.5 6.5 15.4
2017-11 14.6 5.8 13.6
2017-10 1.7 7.2 8.1
2017-09 15.1 7.5 14.8
2017-08 9.2 11.6 11.7
2017-07 14.9 13.4 8.2
2017-06 -0.1 9.8 -1.2
2017-05 0.5 11.8 2.1
2017-04 10.1 10.5 6.4
2017-03 -4.5 3.3 10.9
2017-02 -8.9 6.3 1.5
2017-01 -15.7 2.6 1.2
2016-12 -1.9 0.9 1.8
2016-11 12.4 -1.3 3.2
2016-10 6.7 2.0 7.6
2016-09 -2.3 3.5 0.6
2016-08 -6.3 0.3 0.8
2016-07 -0.7 -2.9 4.2
2016-06 -14.8 -11.5 0.8
2016-05 -17.4 -5.0 2.4
2016-04 -8.4 -8.3 0.1
2016-03 -11.8 -10.4 -1.3
2016-02 -28.7 -11.8 -4.1
2016-01 -17.2 -11.5 -5.2
2015-12 -6.3 -14.6 -3.3
2015-11 -23.8 -12.9 -8.3
2015-10 -30.0 -7.5 -8.9
2015-09 -24.2 -16.1 -10.7
2015-08 -26.2 -18.4 1.4
2015-07 -22.1 -23.3 -15.1
2015-06 -19.2 -20.8 -13.4
2015-05 -18.6 -27.7 -18.0
2015-04 -29.7 -27.4 -15.7
2015-03 -26.3 -27.9 -18.5
2015-02 -21.2 -42.6 -14.9
2015-01 -31.9 -39.7 -19.1
2014-12 -35.1 -32.5 -17.8
2014-11 -32.3 -27.4 -18.1
2014-10 -30.0 -36.8 -19.5
2014-09 -31.5 -37.4 -19.5
2014-08 -28.6 -37.1 -17.9
2014-07 -31.4 -33.7 -16.3
2014-06 -16.0 -36.1 -15.5
2014-05 -14.0 -31.1 -11.7
2014-04 -20.0 -32.2 -16.3
2014-03 -22.4 -27.0 -10.2
2014-02 -28.6 -28.1 -13.9
2014-01 -24.1 -26.6 -9.1
2013-12 -24.6 -26.4 -14.0
2013-11 -31.4 -22.2 -11.8
2013-10 -27.2 -24.7 -5.6
2013-09 -16.9 -24.9 -10.8
2013-08 -27.3 -29.8 -19.2
2013-07 -32.2 -32.0 -16.5
2013-06 -31.7 -29.2 -18.7
2013-05 -32.5 -32.0 -15.6
2013-04 -34.0 -33.7 -13.8
2013-03 -31.9 -33.6 -14.2
2013-02 -22.9 -33.1 -16.3
2013-01 -23.8 -32.8 -14.8
2012-12 -20.7 -34.4 -12.0
2012-11 -21.3 -37.2 -10.6
2012-10 -22.4 -38.0 -14.1
2012-09 -22.1 -33.2 -7.3
2012-08 -19.0 -32.0 -4.9
2012-07 -15.8 -31.9 -4.0
2012-06 -13.7 -28.2 -3.2
2012-05 -16.3 -38.6 -10.0
2012-04 -11.2 -31.8 -6.1
2012-03 -10.9 -29.2 -7.8
2012-02 -14.4 -19.1 -6.6
2012-01 -11.9 -16.5 -7.4
2011-12 -15.9 -15.8 -7.2
2011-11 -12.8 -15.3 -2.6
2011-10 -10.7 -6.7 4.7
2011-09 -7.1 -6.7 -2.7
2011-08 -2.1 0.4 -2.2
2011-07 1.3 5.4 0.6
2011-06 -5.0 2.7 2.8
2011-05 -3.2 3.9 3.1
2011-04 -3.3 13.5 1.8
2011-03 -4.8 9.1 2.6
2011-02 -3.7 7.9 8.3
2011-01 -5.9 5.2 3.3
2010-12 -7.0 14.2 -2.5
2010-11 -2.9 2.4 -1.8
2010-10 -10.1 -0.5 -3.1
2010-09 -17.1 -4.8 -20.7
2010-08 -21.8 -17.4 -1.8
2010-07 -27.2 -11.0 -4.9
2010-06 -30.8 -12.6 -7.0
2010-05 -32.1 -13.5 -5.1
2010-04 -33.4 -14.1 -6.5
2010-03 -32.9 -17.8 -7.4
2010-02 -31.6 -19.7 -6.4
2010-01 -34.0 -19.5 -8.8
2009-12 -30.6 -18.6 -8.4
2009-11 -29.4 -20.3 -10.9
2009-10 -30.3 -27.1 -9.2
2009-09 -34.3 -31.6 -11.7
2009-08 -38.5 -36.8 -15.2
2009-07 -39.8 -39.0 -17.6
2009-06 -42.2 -44.0 -18.0
2009-05 -41.0 -39.0 -21.8
2009-04 -40.4 -43.3 -19.6
2009-03 -38.3 -48.6 -20.7
2009-02 -39.4 -65.5 -29.1
2009-01 -27.1 -53.9 -13.1
2008-12 -35.2 -51.8 -13.3
2008-11 -31.0 -44.4 -10.9
2008-10 -24.7 -48.3 -7.3
2008-09 -14.6 -27.0 -2.6
2008-08 -8.4 -25.5 0.6
2008-07 -1.1 -23.5 2.0
2008-06 3.0 -20.1 4.5
2008-05 11.9 -9.1 7.2
2008-04 15.1 -9.7 10.5
2008-03 13.7 -0.3 25.8
2008-02 17.9 1.0 17.9
2008-01 8.8 -1.1 12.2
2007-12 16.4 4.2 18.5
2007-11 14.2 3.5 14.2
2007-10 17.8 8.7 15.4
2007-09 21.5 9.4 14.3
2007-08 21.7 8.5 15.4
2007-07 22.3 9.5 17.4
2007-06 24.0 13.0 18.6
2007-05 21.7 8.1 20.6
2007-04 16.3 8.7 19.2
2007-03 13.2 9.6 14.5
2007-02 19.7 13.4 15.5
2007-01 23.4 17.4 19.9
2006-12 26.9 9.8 14.2
2006-11 24.3 15.2 14.1
2006-10 19.8 14.9 15.1
2006-09 14.7 14.1 12.3
2006-08 11.4 16.5 13.1
2006-07 8.9 20.1 14.2
2006-06 9.7 15.7 12.6
2006-05 10.7 13.4 13.7
2006-04 14.3 13.4 10.5
2006-03 15.9 20.1 12.4
2006-02 16.3 19.0 13.0
2006-01 14.4 22.4 11.7
2005-12 17.8 26.1 13.2
2005-11 15.5 25.8 14.2
2005-10 12.6 13.9 11.5
2005-09 4.9 14.0 9.5
2005-08 5.4 13.3 8.0
2005-07 7.4 13.2 6.8
2005-06 8.1 21.1 12.3
2005-05 5.0 17.1 6.6
2005-04 11.2 18.8 6.0
2005-03 8.7 16.1 5.7
2005-02 -4.6 14.7 7.9
2005-01 -10.8 11.9 9.1

Expected activity in the building construction

  • Source: INSEE.

The balance of opinion on order books has slightly declined

In July 2025, the balance of opinion relating to the level of building construction managers' order books has slightly fallen back and deviated further away from its long-term average.

The production capacity utilisation rate has dropped back sharply

In July 2025, 36% of companies report being at the limit of their production capacity (production bottlenecks), meaning that they would not be able to produce more with their current resources even if they received more orders. This share has dropped back but remains above its long-term average (34%).

The production capacity utilisation rate has dropped back sharply: at 88.6%, it stands slightly below its long-term average (89.0%).

More business managers than in the previous month report facing obstacles limiting their production: at 60%, this proportion remains below its long-term average. Marginally more than in the previous month report facing insufficient demand (36%), a share that has rebounded and remains above its long-term average. Slightly more than in the previous month also report facing workforce shortages: at 27%, this proportion remains slightly below its long-term average.

The share of companies that reports facing supply difficulties only has slightly increased again (24%), while the share that reports facing demand difficulties only has rebounded slightly this month (20%).

Type of difficulties encountered by companies

Type of difficulties encountered by companies
Demand difficulties only Supply difficulties only
2025-07 20.0 23.8
2025-06 18.6 22.6
2025-05 20.2 20.9
2025-04 20.8 21.2
2025-03 20.5 22.5
2025-02 19.3 22.3
2025-01 17.8 23.8
2024-12 18.3 23.9
2024-11 19.6 24.2
2024-10 17.3 26.2
2024-09 17.8 25.2
2024-08 16.2 27.1
2024-07 13.7 28.4
2024-06 16.5 30.3
2024-05 15.3 29.3
2024-04 13.8 29.6
2024-03 13.1 28.9
2024-02 12.9 31.0
2024-01 12.4 31.7
2023-12 14.2 31.2
2023-11 12.5 32.7
2023-10 9.6 36.2
2023-09 9.8 37.9
2023-08 9.7 39.3
2023-07 8.6 39.0
2023-06 9.3 41.1
2023-05 7.8 41.6
2023-04 7.1 43.8
2023-03 7.3 42.9
2023-02 6.2 46.1
2023-01 5.8 46.6
2022-12 4.7 48.0
2022-11 4.7 49.4
2022-10 4.8 52.9
2022-09 5.3 49.8
2022-08 6.1 51.7
2022-07 6.8 51.6
2022-06 4.4 51.3
2022-05 4.2 54.3
2022-04 4.5 53.5
2022-03 6.1 54.0
2022-02 5.5 50.4
2022-01 6.9 53.1
2021-12 6.5 56.3
2021-11 8.3 51.6
2021-10 6.3 51.5
2021-09 8.4 50.8
2021-08 9.2 51.5
2021-07 8.1 48.8
2021-06 9.0 45.6
2021-05 10.5 41.6
2021-04 12.5 41.0
2021-03 12.6 39.0
2021-02 13.9 35.2
2021-01 13.0 34.2
2020-12 12.4 32.2
2020-11 15.4 38.4
2020-10 14.2 36.3
2020-09 14.3 36.1
2020-08 13.7 37.4
2020-07 13.0 38.3
2020-06 11.7 43.9
2020-05 3.4 56.9
2020-04 2.1 63.9
2020-03 7.8 41.6
2020-02 10.2 41.9
2020-01 10.6 43.1
2019-12 11.0 42.4
2019-11 11.0 41.3
2019-10 11.0 45.9
2019-09 11.2 44.9
2019-08 11.3 44.3
2019-07 11.3 45.1
2019-06 10.8 43.4
2019-05 11.5 42.0
2019-04 11.3 41.2
2019-03 13.8 40.4
2019-02 14.0 41.0
2019-01 12.0 37.3
2018-12 16.0 40.7
2018-11 15.6 37.9
2018-10 17.4 36.1
2018-09 17.2 36.3
2018-08 16.7 35.3
2018-07 16.4 34.3
2018-06 18.7 34.5
2018-05 18.6 33.0
2018-04 16.2 35.0
2018-03 18.9 30.6
2018-02 18.8 29.5
2018-01 20.4 28.7
2017-12 20.6 28.8
2017-11 22.0 28.4
2017-10 21.2 26.3
2017-09 20.9 23.7
2017-08 23.7 23.0
2017-07 22.3 22.8
2017-06 25.5 20.4
2017-05 27.2 22.0
2017-04 28.6 19.5
2017-03 27.1 18.7
2017-02 26.7 17.5
2017-01 28.1 18.4
2016-12 31.4 18.1
2016-11 31.5 17.2
2016-10 32.9 16.2
2016-09 34.0 16.7
2016-08 33.4 16.1
2016-07 34.9 13.8
2016-06 36.6 14.3
2016-05 37.8 13.3
2016-04 37.3 13.4
2016-03 38.2 15.7
2016-02 37.0 14.5
2016-01 38.6 12.6
2015-12 40.0 13.5
2015-11 39.5 13.1
2015-10 39.9 13.9
2015-09 38.4 13.8
2015-08 35.9 14.5
2015-07 37.6 12.8
2015-06 37.7 13.5
2015-05 37.7 12.5
2015-04 37.6 11.5
2015-03 38.5 12.9
2015-02 37.5 12.9
2015-01 38.7 12.8
2014-12 39.3 13.7
2014-11 36.5 13.7
2014-10 37.5 15.0
2014-09 33.6 14.6
2014-08 32.3 15.7
2014-07 32.8 15.3
2014-06 32.8 15.0
2014-05 31.9 15.8
2014-04 31.2 15.3
2014-03 31.3 16.0
2014-02 32.6 16.1
2014-01 31.3 18.3
2013-12 32.5 19.0
2013-11 32.6 17.3
2013-10 31.8 18.3
2013-09 30.3 19.3
2013-08 29.2 19.2
2013-07 27.4 18.9
2013-06 27.9 18.6
2013-05 29.0 17.3
2013-04 28.8 17.0
2013-03 28.2 17.8
2013-02 26.6 17.4
2013-01 27.0 18.4
2012-12 27.4 15.6
2012-11 27.1 16.2
2012-10 28.6 18.3
2012-09 27.2 17.5
2012-08 27.4 17.9
2012-07 22.5 20.0
2012-06 24.1 19.4
2012-05 28.1 20.1
2012-04 25.3 21.9
2012-03 22.1 21.3
2012-02 12.0 9.6
2012-01 16.9 12.0
2011-12 14.0 10.4
2011-11 16.0 10.8
2011-10 17.7 12.4
2011-09 14.1 8.4
2011-08 15.3 10.2
2011-07 17.8 11.5
2011-06 13.9 9.8
2011-05 14.9 10.6
2011-04 20.6 13.7
2011-03 15.5 10.3
2011-02 14.8 12.2
2011-01 16.2 13.2
2010-12 17.0 11.5
2010-11 18.8 10.7
2010-10 20.8 11.7
2010-09 19.1 11.9
2010-08 19.5 11.6
2010-07 24.7 10.8
2010-06 22.7 7.4
2010-05 24.7 9.4
2010-04 27.6 9.9
2010-03 23.3 9.9
2010-02 23.5 9.0
2010-01 25.6 10.2
2009-12 26.9 9.3
2009-11 26.4 9.7
2009-10 25.2 9.1
2009-09 25.9 9.5
2009-08 27.4 9.6
2009-07 26.6 9.3
2009-06 26.0 7.9
2009-05 25.4 8.6
2009-04 25.6 10.1
2009-03 18.4 9.1
2009-02 20.2 11.3
2009-01 17.1 16.9
2008-12 15.3 12.3
2008-11 14.5 15.9
2008-10 12.2 21.0
2008-09 9.6 21.5
2008-08 7.6 24.3
2008-07 7.3 30.3
2008-06 6.3 26.7
2008-05 6.6 29.9
2008-04 5.6 36.8
2008-03 5.0 32.7
2008-02 4.9 33.2
2008-01 4.8 43.8
2007-12 4.7 36.3
2007-11 4.3 39.6
2007-10 5.0 45.3
2007-09 3.5 41.4
2007-08 4.0 45.6
2007-07 4.6 49.8
2007-06 4.5 46.5
2007-05 5.8 55.3
2007-04 7.3 49.7
2007-03 7.7 48.6
2007-02 4.7 51.0
2007-01 5.6 49.8
2006-12 5.4 51.8
2006-11 9.0 49.0
2006-10 9.7 50.3
2006-09 7.5 46.9
2006-08 6.9 48.4
2006-07 6.4 50.0
2006-06 7.0 47.6
2006-05 7.4 47.8
2006-04 7.5 49.0
2006-03 8.6 46.2
2006-02 10.2 45.3
2006-01 10.0 46.6
2005-12 11.4 45.8
2005-11 11.2 44.4
2005-10 9.7 46.4
2005-09 10.2 45.8
2005-08 10.5 45.3
2005-07 10.8 44.7
2005-06 11.4 44.1
2005-05 12.1 39.6
2005-04 11.6 39.9
2005-03 12.6 40.0
2005-02 14.0 37.2
2005-01 13.2 38.0

Type of difficulties encountered by companies

  • Source: INSEE.

The balance of opinion on expected prices remains virtually stable

In July 2025, the balance of opinion on expected prices remains virtually stable, at its long-term average.

Opinion on expected workforce size has improved

In July 2025, entrepreneurs’ balance of opinion on the expected change of their workforce size has improved, while it remains stable regarding their past evolution. The balance on expected workforce size has moved away from its long-term average, whereas the one relative to past workforce size remains slightly below its own.

Workforce size tendency in building construction

Workforce size tendency in building construction
Expected workforce size Past workforce size
2025-07 3.7 -5.6
2025-06 2.5 -6.5
2025-05 1.7 -5.8
2025-04 -0.5 -8.8
2025-03 1.1 -6.5
2025-02 -1.2 -5.6
2025-01 1.4 -6.3
2024-12 -1.4 -3.0
2024-11 1.4 -0.5
2024-10 2.0 -5.2
2024-09 2.7 -10.4
2024-08 2.3 -6.2
2024-07 3.0 -2.4
2024-06 3.9 -2.7
2024-05 3.1 -3.4
2024-04 5.4 -3.9
2024-03 4.5 -2.6
2024-02 4.6 -4.1
2024-01 4.4 -1.8
2023-12 2.2 -1.3
2023-11 2.5 -0.9
2023-10 7.1 -3.5
2023-09 9.8 0.1
2023-08 7.7 0.9
2023-07 9.6 2.1
2023-06 8.3 0.3
2023-05 7.8 -0.2
2023-04 9.2 -2.3
2023-03 12.5 2.2
2023-02 12.4 2.9
2023-01 13.1 3.4
2022-12 13.3 6.0
2022-11 14.1 6.2
2022-10 15.8 5.5
2022-09 15.4 -1.0
2022-08 19.5 -1.6
2022-07 16.0 -0.3
2022-06 12.5 0.7
2022-05 15.7 6.6
2022-04 15.7 5.4
2022-03 17.0 0.3
2022-02 17.1 1.6
2022-01 16.8 2.6
2021-12 17.1 6.7
2021-11 16.9 5.4
2021-10 14.8 3.2
2021-09 16.6 2.4
2021-08 18.0 3.2
2021-07 16.0 4.1
2021-06 17.2 2.7
2021-05 16.9 0.5
2021-04 13.6 0.8
2021-03 13.0 -1.1
2021-02 6.6 -7.3
2021-01 6.1 -4.8
2020-12 6.1 -3.5
2020-11 2.3 -3.9
2020-10 2.8 -8.1
2020-09 3.8 -8.3
2020-08 2.0 -12.7
2020-07 4.6 -17.5
2020-06 -3.1 -20.7
2020-05 -17.6 -14.9
2020-04 -18.8 -1.0
2020-03 11.8 6.9
2020-02 16.1 8.0
2020-01 14.5 6.5
2019-12 12.1 4.4
2019-11 14.3 4.3
2019-10 12.5 5.6
2019-09 13.5 5.3
2019-08 10.6 6.6
2019-07 9.6 4.6
2019-06 10.3 5.2
2019-05 13.2 5.9
2019-04 13.1 3.8
2019-03 12.3 5.9
2019-02 14.8 5.7
2019-01 5.9 1.7
2018-12 13.2 4.9
2018-11 12.6 9.1
2018-10 10.5 4.8
2018-09 14.9 4.9
2018-08 15.0 4.0
2018-07 16.7 4.6
2018-06 10.7 4.3
2018-05 9.6 6.7
2018-04 11.3 3.8
2018-03 13.0 1.0
2018-02 4.2 -4.7
2018-01 8.8 -1.5
2017-12 11.3 6.8
2017-11 0.8 -5.8
2017-10 4.8 -5.2
2017-09 2.0 -6.7
2017-08 2.1 -7.4
2017-07 5.7 -2.2
2017-06 2.7 -6.5
2017-05 -1.3 -8.2
2017-04 -5.2 -15.4
2017-03 -6.5 -11.1
2017-02 -9.0 -13.4
2017-01 -7.2 -14.3
2016-12 -8.3 -15.2
2016-11 -11.2 -14.7
2016-10 -8.3 -17.4
2016-09 -10.5 -18.5
2016-08 -13.2 -20.9
2016-07 -17.2 -21.0
2016-06 -16.4 -23.8
2016-05 -15.9 -24.0
2016-04 -17.9 -23.5
2016-03 -20.4 -27.1
2016-02 -20.8 -25.8
2016-01 -20.3 -24.7
2015-12 -23.3 -27.4
2015-11 -21.3 -28.3
2015-10 -23.2 -26.6
2015-09 -22.1 -24.9
2015-08 -23.2 -25.1
2015-07 -24.7 -28.7
2015-06 -19.9 -26.4
2015-05 -27.3 -29.9
2015-04 -27.3 -34.5
2015-03 -25.3 -26.7
2015-02 -24.5 -24.9
2015-01 -29.4 -29.3
2014-12 -24.3 -25.7
2014-11 -22.5 -24.8
2014-10 -26.0 -28.6
2014-09 -28.1 -28.7
2014-08 -26.9 -26.6
2014-07 -22.1 -25.5
2014-06 -23.4 -26.4
2014-05 -19.2 -15.4
2014-04 -19.3 -22.7
2014-03 -18.5 -18.6
2014-02 -21.1 -19.7
2014-01 -19.5 -19.0
2013-12 -17.7 -16.7
2013-11 -16.7 -18.1
2013-10 -10.4 -13.4
2013-09 -14.8 -18.5
2013-08 -16.0 -19.8
2013-07 -17.9 -18.2
2013-06 -18.2 -18.4
2013-05 -19.0 -16.1
2013-04 -13.5 -14.1
2013-03 -18.0 -17.9
2013-02 -15.9 -17.1
2013-01 -15.6 -14.4
2012-12 -16.2 -13.3
2012-11 -14.9 -10.7
2012-10 -14.7 -10.0
2012-09 -16.7 -15.8
2012-08 -14.7 -11.2
2012-07 -15.3 -11.9
2012-06 -11.3 -7.6
2012-05 -12.6 -8.9
2012-04 -9.3 -8.7
2012-03 -9.1 -6.9
2012-02 -3.9 -5.5
2012-01 -3.7 -4.2
2011-12 -5.3 -6.4
2011-11 -7.4 -8.7
2011-10 -6.2 -2.2
2011-09 -0.8 2.6
2011-08 3.4 3.8
2011-07 7.7 3.3
2011-06 6.8 3.3
2011-05 7.3 -0.3
2011-04 4.9 0.2
2011-03 3.6 -3.1
2011-02 3.1 -5.1
2011-01 -1.3 -4.2
2010-12 -1.7 -4.4
2010-11 -3.8 -7.6
2010-10 -7.8 -11.9
2010-09 -7.7 -11.0
2010-08 -11.3 -12.0
2010-07 -13.4 -10.8
2010-06 -15.4 -15.8
2010-05 -14.6 -14.0
2010-04 -14.0 -16.6
2010-03 -13.1 -16.8
2010-02 -15.8 -17.2
2010-01 -12.8 -18.3
2009-12 -14.5 -18.8
2009-11 -15.3 -18.8
2009-10 -15.9 -19.2
2009-09 -17.1 -19.1
2009-08 -19.0 -19.2
2009-07 -20.3 -20.7
2009-06 -20.1 -17.9
2009-05 -20.2 -17.9
2009-04 -20.9 -18.5
2009-03 -22.4 -12.8
2009-02 -17.9 -8.2
2009-01 -16.9 -8.7
2008-12 -12.5 -2.3
2008-11 -8.7 -0.9
2008-10 -1.4 5.8
2008-09 4.8 5.9
2008-08 9.5 9.3
2008-07 11.9 13.4
2008-06 13.8 13.6
2008-05 15.5 12.9
2008-04 23.1 21.1
2008-03 22.3 23.0
2008-02 15.9 21.4
2008-01 19.9 22.6
2007-12 21.5 21.0
2007-11 26.7 21.7
2007-10 23.1 16.6
2007-09 24.2 22.1
2007-08 24.6 21.8
2007-07 25.4 21.6
2007-06 28.6 23.4
2007-05 25.5 20.2
2007-04 22.9 20.6
2007-03 24.6 20.5
2007-02 25.3 21.4
2007-01 27.0 19.2
2006-12 26.3 18.5
2006-11 23.8 19.8
2006-10 26.1 21.6
2006-09 24.4 21.7
2006-08 22.2 21.1
2006-07 20.3 20.4
2006-06 21.8 17.9
2006-05 20.5 18.2
2006-04 18.2 16.0
2006-03 19.3 13.3
2006-02 20.2 19.9
2006-01 18.4 18.9
2005-12 17.0 12.7
2005-11 19.5 11.4
2005-10 15.9 9.7
2005-09 13.7 7.9
2005-08 15.2 6.0
2005-07 16.9 3.9
2005-06 14.0 8.1
2005-05 14.2 6.7
2005-04 15.2 6.9
2005-03 12.5 5.5
2005-02 9.5 0.0
2005-01 9.2 0.7

Workforce size tendency in building construction

  • Source: INSEE.

Revisions

Due to its improvement, the business climate in the building industry for June 2025 has been adjusted downward by four points (after rounding). The entire series has been revised.

For further information

For questions with three possible answers, a balance of opinion is calculated as the difference between the percentage of “above the normal” or “increase” responses and the percentage of “below the normal” or “decrease” responses.

The responses to this survey were collected between 25 June and 21 July 2025; most companies answer during the first two weeks of collection.

All the balances of opinion from this survey are included in this publication and are available in the complementary chronological series published online.

This survey is part of the Joint Harmonised European Programme of Business and Consumer Surveys, partly funded by the European Commission.

Additional information (simplified and detailed methodology, nomenclature, etc.) are available on the “Documentation” tab of the web page of this publication.

Next issue: 22 August 2025 at 8:45 am.

Pour en savoir plus

For questions with three possible answers, a balance of opinion is calculated as the difference between the percentage of “above the normal” or “increase” responses and the percentage of “below the normal” or “decrease” responses.

The responses to this survey were collected between 25 June and 21 July 2025; most companies answer during the first two weeks of collection.

All the balances of opinion from this survey are included in this publication and are available in the complementary chronological series published online.

This survey is part of the Joint Harmonised European Programme of Business and Consumer Surveys, partly funded by the European Commission.

Additional information (simplified and detailed methodology, nomenclature, etc.) are available on the “Documentation” tab of the web page of this publication.

Next issue: 22 August 2025 at 8:45 am.

: bureau-de-presse@insee.fr