The IHS Markit France Construction PMI fell to 46.4 in June of 2022 from 50.9 in the prior month. The latest reading pointed to a renewed contraction in construction activity that was the steepest in ten months, following two months of mild expansion. The downturn was broad-based across sub-sectors, led by the residential segment. There was a further decline in new business, with customer demand reportedly dampened by high prices. Purchasing activity also weakened. Meanwhile, firms continued to add to their workforce numbers in anticipation of improved activity. On the price front, the rate of input cost inflation remained substantial overall in June amid a further marked lengthening of suppliers' delivery times. Looking forward, business confidence towards the one-year outlook for activity improved to its highest for nearly three years, amid hopes of strengthening demand. source: Markit Economics
Construction PMI in France averaged 46.23 points from 2013 until 2022, 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 July of 2022.
Construction PMI in France is expected to be 54.50 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 2023 and 54.00 points in 2024, according to our econometric models.