The IHS Markit France Construction PMI fell to 39.5 in January of 2021 from 40.5 in December. The latest reading pointed to the sharpest decline in French construction activity since May 2020, when firms faced tight restrictions after the initial COVID-19 lockdown. New orders, output and employment declined sharply, as demand conditions remained subdued. At the sub-sector level, the contraction in activity was broad-based, but most pronounced in civil engineering. Purchasing activity fell markedly although the rate of decline eased from December. The vendor performance deteriorated again and at marked pace by historical standards mainly due to additional hygiene protocols. On the price front, input inflation was the fastest since last February and sharp overall, on higher steel prices. Looking forward, sentiment turned positive for the first time since last July, supported by expectations of a recovery in demand conditions as vaccination programmes continue to advance. source: Markit Economics
Construction PMI in France averaged 45.67 points from 2013 until 2021, 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 February of 2021.
Construction PMI in France is expected to be 51.00 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 52.50 in 12 months time. In the long-term, the France Construction PMI is projected to trend around 52.50 points in 2022 and 54.00 points in 2023, according to our econometric models.