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. source: Markit Economics

Construction PMI in France averaged 46.28 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 December of 2022.

Construction PMI in France is expected to be 54.70 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 2023 and 54.00 points in 2024, according to our econometric models.

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France Construction PMI



Related Last Previous Unit Reference
Construction PMI 44.30 49.10 points Oct 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
44.30 49.10 58.00 3.80 2013 - 2022 points Monthly
SA

News Stream
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
France Construction Sector Shrinks for 4th Month
The S&P Global France Construction PMI edged up to 49.1 in September 2022 from 48.2 in the prior month, pointing to the fourth straight month of contraction in the country's construction sector, albeit at a slower pace. At the sub-sector level, civil engineering decreased at a marginal pace while commercial activity increased slightly. Weakness was most evident in the residential building, which contracted sharply, reflecting constructors' concerns that passing on higher costs will be difficult, especially to households who are already facing financial difficulties. New orders fell for the sixth straight month but the decline was considerably softer than in August. Employment levels also decreased for the third month running. On the price front, overall operating expenses rose at the quickest rate in three months amid surging energy prices. Looking ahead, French constructors remained downbeat on the outlook for their industry, citing inflation concerns and expectations of weak demand.
2022-10-06
France Construction Sector Contracts for 3rd Month
The S&P Global France Construction PMI fell to 48.2 in August 2022 from 48.6 in the prior month, pointing to the third consecutive month of a downturn in the country's construction sector and at a faster pace. Activity levels fell more steeply due to a sharp decline in new orders, the strongest in 18 months, as demand conditions deteriorated amid growing economic uncertainty. At the sub-sector level, both residential and civil engineering work contracted; while commercial activity saw a renewed expansion, following six successive monthly decreases. Both purchasing activity and employment also decreased significantly. On the price front, input prices continued to rise sharply, despite waning demand pressures and signs of easing supply-chain disruptions. Finally, the outlook for the French construction sector turned pessimistic during August. Business confidence slumped to its lowest level since October 2020 as companies grew concerned about their operating costs and the demand outlook.
2022-09-06