The IHS Markit France Construction PMI edged up to 42.8 in November of 2020 from 42.7 in the previous month. Still, the latest reading pointed to the fifth consecutive monthly contraction in construction activity due to the reintroduction of coronavirus restrictions to curb a second wave of infections. Declines were observed across all segments: commercial projects, civil engineering works and house building. New orders declined at the quickest pace in six months while the rate of workforce contraction eased substantially from October's five-month record and was only marginal overall. Also, purchasing activity decreased for the fifth straight month. On the price front, input price inflation accelerated from October, but remained historically subdued. Looking forward, firms showed pessimism towards the 12-month business outlook, with some respondents expecting a further decline in activity amid the impact of COVID-19 on upcoming projects. source: Markit Economics
Construction PMI in France averaged 45.80 points from 2013 until 2020, reaching an all time high of 58 points in February of 2018 and a record low of 3.80 points in April of 2020. This page provides - France Construction Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. France Construction PMI - values, historical data and charts - was last updated on December of 2020.
Construction PMI in France is expected to be 50.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction PMI in France to stand at 52.80 in 12 months time. In the long-term, the France Construction PMI is projected to trend around 52.50 points in 2021 and 54.00 points in 2022, according to our econometric models.