The IHS Markit France Construction PMI rose to 49.7 in March of 2021 from 44 in the previous month. The latest reading pointed to a marginal contraction in the French construction sector that was the softest since expansion was last recorded in June 2020. New business rose for the first time since January, supported by strengthening demand conditions. Also, employment increased for the second month running and at the quickest pace since last September. At the sub-sector level, the reduction in activity was only driven by commercial projects, while homebuilding activity stabilised and civil engineering work increased slightly. On the price front, input prices rose at the quickest rate since April 2011, due to global supply-chain issues and ongoing shortages of raw materials. Looking forward, business sentiment softened slightly from February but remained historically marked, amid expectations around the potential relaxation of COVID-19 restrictions later this year. source: Markit Economics
Construction PMI in France averaged 45.70 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 - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Construction PMI in France is expected to be 53.60 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 53.40 in 12 months time. In the long-term, the France Construction PMI is projected to trend around 54.70 points in 2022 and 54.00 points in 2023, according to our econometric models.