The IHS Markit France Construction PMI rose to 48.9 in September of 2021 from 44.9 in the previous month. The latest reading pointed to a fourth straight month of contraction in construction activity but less severe than in August. Business activity and new orders fell further amid weaker demand and reports of intense shortages of construction materials. In fact, the deterioration in vendor performance was the second-sharpest recorded since data collection began in 2000. The decrease in construction work was primarily driven by civil engineering, as commercial building activity fell only marginally and the residential segment posted a modest expansion for the first time since May. On the other hand, construction firms hired extra staff at the fastest pace in almost two years. On the price front, input costs increased at one of the quickest rates seen in the survey history. Lastly, the level of business confidence was the strongest since June. source: Markit Economics
Construction PMI in France averaged 45.88 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 October of 2021.
Construction PMI in France is expected to be 52.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.