The S&P Global France Construction PMI rose slightly to 41 in December 2022 from 40.7 in the previous month. Still, the latest reading pointed to the seventh straight monthly decline in the country's construction sector, with all three types of construction work monitored by the survey recording marked decreases. Companies blamed weak demand being the main drag for activity, with the volume of incoming new orders falling to the quickest extent in almost two years. Hence, firms cut their purchasing activity during December, while employment remained unchanged after five consecutive monthly declines. On the price front, cost pressures stayed elevated. Finally, French construction companies remain pessimist about this year's outlook, with more firms expecting activity to fall. source: Markit Economics

Construction PMI in France averaged 46.19 points from 2013 until 2022, reaching an all time high of 58.00 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 - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

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France Construction PMI



Related Last Previous Unit Reference
Construction PMI 41.00 40.70 points Dec 2022

France Construction PMI
Data are collected at mid-month, asking respondents to compare a variety of business conditions with the situation one month ago. A reading of below 50.0 indicates that the economy is generally declining, above 50.0 that it is generally expanding and exactly 50.0 indicates no change on the level recorded the previous month.
Actual Previous Highest Lowest Dates Unit Frequency
41.00 40.70 58.00 3.80 2013 - 2022 points Monthly
SA

News Stream
France Construction Sector Remains Subdued
The S&P Global France Construction PMI rose slightly to 41 in December 2022 from 40.7 in the previous month. Still, the latest reading pointed to the seventh straight monthly decline in the country's construction sector, with all three types of construction work monitored by the survey recording marked decreases. Companies blamed weak demand being the main drag for activity, with the volume of incoming new orders falling to the quickest extent in almost two years. Hence, firms cut their purchasing activity during December, while employment remained unchanged after five consecutive monthly declines. On the price front, cost pressures stayed elevated. Finally, French construction companies remain pessimist about this year's outlook, with more firms expecting activity to fall.
2023-01-05
French Construction Sector Shrinks the Most in Nearly 2 Years
The S&P Global France Construction PMI fell further to 40.7 in November of 2022 from 44.3 in the prior month. The latest reading pointed to the sixth straight month of contraction in the country's construction sector and at the sharpest pace since January of 2021. All three types of construction work monitored by the survey recorded quicker declines, especially residential building and civil engineering projects. The downturn was triggered by a further decrease in the volume of new work received, amid falling demand, particularly from clients in the public sector. Soaring costs and heightened economic uncertainty continued to weigh on investment appetite. French constructors subsequently cut their staffing levels at the sharpest pace in nearly two years and reduced their purchases of raw materials. On the price front, cost pressures stayed elevated. Lastly, business sentiment was pushed further into pessimistic territory, dropping to its lowest level in just over two years.
2022-12-06
France Construction Sector Downturn Deepens in October
The S&P Global France Construction PMI fell to 44.3 in October 2022 from 49.1 in the prior month. The latest reading pointed to the fifth straight month of contraction in the country's construction sector and at the steepest pace since February of 2021. All three monitored subsectors contracted during October, led by the residential segment, with activity levels falling at the sharpest pace since the initial COVID-19 lockdown in early 2020 amid rising borrowing costs. New orders declined sharply, amid weak demand conditions. As a result, purchasing activity and employment were both cut back as companies look to protect cashflow. On the price front, inflationary pressures remained considerable, with the rate of input price inflation accelerating for the third month running to the steepest since June, amid high fuel, energy and raw material costs. Looking ahead, French constructors remained pessimistic towards the coming year as high inflation was expected to impact workloads.
2022-11-07