The IHS Markit France Construction PMI edged up to 49.8 in April of 2021 from 49.7 in the prior month. The latest reading signalled another fractional decline, the softest since expansion was last recorded in June 2020, with new projects increasing for a second straight month and purchasing activity rising further. Meanwhile, the vendor performance deteriorated to the greatest extent since last May during the initial COVID-19 lockdown. At the sub-sector level, the ongoing downturn in overall activity was centred on commercial construction and civil engineering, while homebuidling activity was stable for the second month running. On the price front, cost burdens continued to soar, with the rate of input price inflation accelerating to the quickest since July 2008, linked to shortages of raw materials. Looking forward, constructors remained optimistic towards the 12-month business outlook, but sentiment weakened to a three-month low and was softer than the historical average. source: Markit Economics
Construction PMI in France averaged 45.74 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 May of 2021.
Construction PMI in France is expected to be 53.60 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 53.40 in 12 months time. 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.