The S&P Global France Construction PMI fell to 42.9 in July 2023 from 43.7 in the previous month, pointing to the fourteenth consecutive month of contraction in France's construction sector, as significant declines were observed in housing construction, commercial and civil engineering activity. Moreover, firms continued to cut back their purchasing, which caused input costs to decline for a third consecutive month. At the same time, reduction in employment level was solid, due to redundancies, retirements and resignations. Looking ahead, construction companies in France have become pessimistic about future growth prospects, primarily because of forecasts for weak demand. source: Markit Economics

Construction PMI in France averaged 46.11 points from 2013 until 2023, 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 August of 2023.

Construction PMI in France is expected to be 50.20 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 53.80 points in 2024 and 51.50 points in 2025, according to our econometric models.

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France Construction PMI



Related Last Previous Unit Reference
Construction PMI 42.90 43.70 points Jul 2023

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
42.90 43.70 58.00 3.80 2013 - 2023 points Monthly
SA

News Stream
French Construction Sector Shrinks for More than a Year
The S&P Global France Construction PMI fell to 42.9 in July 2023 from 43.7 in the previous month, pointing to the fourteenth consecutive month of contraction in France's construction sector, as significant declines were observed in housing construction, commercial and civil engineering activity. Moreover, firms continued to cut back their purchasing, which caused input costs to decline for a third consecutive month. At the same time, reduction in employment level was solid, due to redundancies, retirements and resignations. Looking ahead, construction companies in France have become pessimistic about future growth prospects, primarily because of forecasts for weak demand.
2023-08-04
French Construction Sector Downturn Persists
The S&P Global France Construction PMI came in at 43.7 in June 2023, up from 42.6 in May, but still pointing to a sharp rate of contraction that was among the fastest seen since the start of 2021. This was the 13th consecutive month of shrinking construction activity, with the housing sector exhibiting a particularly noticeable weakness, which can be attributed to elevated borrowing costs. Further reductions were observed in new order inflows and business activity, which in turn led to job shedding as firms adjusted their workforces to match reduced workloads. Firms also refrained from purchasing additional materials in June, thereby resulting in another fall in buying levels and a softer increase in input costs. Indeed, panellists registered the slowest increase in cost burdens for two-and-a-half years. Lastly, construction firms in France had mixed assessments regarding growth prospects, but, on average, they predicted stable business activity levels.
2023-07-06
French Construction Sector Shrinks the Most in 5 Months
The S&P Global France Construction PMI fell to 42.6 in May from 46 in April, pointing to the 12th consecutive reduction with the rate of contraction quickening to a sharp pace that was the strongest since December last year. Volume of incoming new projects fell rapidly, with the pace of decline matching April’s 26-month record. Subsequently, employment and purchasing activity were subdued, while business’ assessment of activity prospects in the next 12 months turned pessimistic. Cost pressures eased markedly with overall input prices rising at the weakest pace since the start of 2021.
2023-06-06