The activity of the building is flat and the beginning of the year, record of the results better than originally anticipated, reports the FFB on 27 June 2017. The growth in the volume of business, estimated to be 3.4%, has finally reached the 4% in the first quarter of 2017 compared to the same quarter a year earlier. Details.
For several months now, we are witnessing the recovery of the building. A recovery which is confirmed once again and is even marked by a higher growth than expected. At the end of 2016, the FFB was counting on a growth in the volume of business of 3.4% for the whole of 2017. Estimates exceeded in the 1st quarter. Production grew 4% in the 1st quarter of 2017, compared to the same quarter a year earlier. The good results concern almost all segments of the market, underlines the French Building Federation.
“The new housing carries most of the growth, with a 1.2% volume“, she said. She says that the short-term, work permits, and housing starts are up 12.9% and 17.6% year-on-year for the first 4 months of 2017. In the long term, the FFB note that the sales of the promoters and builders of individual houses are “always focused“.
The activity improvement-maintenance records a slight increase of 1% yoy in the 1st quarter of 2017 and the FFB assumes that it “has probably been a slight acceleration in the 2nd quarter”. On the other hand, it is reported that the production in non-residential nine is “very withdrawn“, with “a small 0.4 per cent on a year ago.
With regard to employment, the figures are also better than those initially projected. For 2017, the FFB forecast to 2017 on an increase of staff in the building around 10,000 posts. According to the ministry of Labour figures for the first quarter, they were up 16.300 jobs compared to the same period a year ago. However, the federation cautions that this “pleasure inflection remains limited in the light of around 180,000 positions lost since 2008“.
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