The IHS Markit France Construction PMI fell to 49.4 in July of 2020 from 53.8 in the previous month. The latest reading pointed to a slight contraction in French construction activity after June's solid expansion. The declines recorded in house building and commercial projects more than offset a marked expansion in civil engineering activity for the second month running. New orders continued to decrease for the sixth month in a row but at the softest pace since February, amid uncertainty surrounding the duration of the pandemic. As a result, there was a fresh fall in purchasing activity. On a more positive note, staff numbers rose for the first time since February. On the price front, input inflation accelerated to a five-month high, mainly due to additional virus-related expenditure. Finally, firms showed optimism towards the 12-month outlook for activity, for the first time since before the Covid-19 became more severe during March.
Construction Pmi in France averaged 45.85 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 August of 2020. source: Markit Economics
Construction Pmi in France is expected to be 49.00 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 53.60 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.