French HCOB Construction PMI (Dec) 43.4 vs. Exp. 44 (Prev. 43.6)
SourceNewswires
Importance
Level 1
- "The outlook for the new year is historically poor among French construction firms. Sentiment is shaped by weak order books, and companies lack confidence in any meaningful improvement in demand in 2026. The ECB’s room for further rate cuts appears exhausted, while long-term yields remain under pressure due to France’s ongoing fiscal concerns. Political uncertainty adds to the strain. The challenging environment is also evident among subcontractors, whose services are being used less frequently. They are responding with price concessions."
#EUR#FRANCE#DATA#EU SESSION#PURCHASING MANAGER INDEX#EU DATA