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Construction: Business leaders anticipate a drop in activity in the 3rd quarter

Construction: Business leaders anticipate a drop in activity in the 3rd quarter

42% encountered difficulties with the supply of raw materials

Business leaders in the construction sector anticipate a decrease in activity for the 3rd quarter of 2022, according to the HCP. This situation would mainly result from the expected drop in activity in “Civil Engineering”. This development in the construction sector would be accompanied by a stability in the workforce employed. In the 3rd quarter of 2022, 42% of construction companies encountered difficulties in the supply of raw materials. Regarding cash flow, 66% of business leaders find it difficult. It should be noted that in the 2nd quarter, activity in the sector experienced stability.

This is due, on the one hand, to the stability of activity in “Civil engineering” and, on the other hand, to the increase in activity in “building construction”. Order books in construction would have been at a lower level than normal and employment would have been stable. Under these conditions, the TUC in the construction sector would have been 75%. As for the industry sector, companies in the manufacturing industry are expecting stable production in the third quarter. According to the HCP, these expectations are attributable, on the one hand, to an increase in the activity of the “Manufacture of other non-metallic mineral products” and the “Clothing industry” and, on the other hand , to a decrease in that of the “Automotive industry” and the “Paper and cardboard industry”.

With regard to employment expectations, industrialists foresee overall stability in the number of employees employed. It should be noted that in the 3rd quarter, 52% of companies in the manufacturing industry encountered difficulties in the supply of raw materials, mainly those of foreign origin. Stocks of raw materials during this quarter are at a normal level and cash is considered “difficult” according to 36% of bosses.

By branch, this proportion reaches nearly 47% in the “Chemical industry”. Regarding the extractive industry, companies in this sector expect an increase in their production. This development would be attributable mainly to an increase in the production of phosphates. The bosses of the sector foresee a drop in the number of employees employed. The energy production expected for the 3rd quarter would experience an increase attributable to an increase in the “production and distribution of electricity, gas, steam and air conditioning”. On the other hand, employment is expected to decline. For the same quarter, companies in the environmental industry are anticipating stable production, particularly in “water capture, treatment and distribution” activities, and stable numbers of employees.




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