The IHS Markit France Construction PMI increased to 53.8 in June 2020 from 32.4 in the previous month. The latest reading pointed to the first expansion in construction activity in four months and the sharpest since November 2018, as firms resumed operations following coronavirus lockdown restrictions. Activity rose across two of the three monitored categories: civil engineering firms were the strongest performers, posting the steepest expansion since March 2018 and commercial projects increased for the first time since February. Output and purchasing activity expanded for the first time in four months while new orders continued to drop albeit at a softer pace. On the price front, input cost inflation accelerated to a four-month high. Lastly, sentiment improved to a four-month high, still firms remained pessimistic amid fears of a prolonged economic downturn.
Construction Pmi in France averaged 45.81 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 July 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.