France Construction PMI

Last Release

Feb 29, 2024

Actual

41.9

Units In

Points

39.6

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
58 Feb 2018	3.8 Apr 2020	45.9 Points	2013-2024	Markit Economics

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.

Latest Updates

The S&P Global France Construction PMI rose to 41.9 in February 2024, up from a three-year low of 39.6 in January but remaining contractionary for the 21st consecutive period. New orders decreased at a marked pace, reaching its most pronounced in five months amid reports of fewer calls to tender, reflecting the unfavorable investment environment. Similarly, total activity continued to fall sharply, with work undertaken on residential, commercial, and civil engineering all declining. Consequently, firms reduced again their staffing levels, extending the current series of decline in nearly a year. Likewise, purchasing activity shrank for the tenth month in succession. On a brighter note, overall cost pressures moderated sharply since January, with the rate of input price inflation slowed to its softest in almost eight years. Looking ahead, confidence towards the 12-month outlook remained downbeat, but the level of negative sentiment was at its weakest since September last year.