French Construction Activity Continues to Fall
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The HCOB Construction PMI in France fell to 43.4 in December 2025, marking 43 months of contraction due to weak demand and declining new orders. Employment and purchasing volumes were cut as civil engineering saw the steepest decline. Residential building work decreased at a slower rate, while commercial construction experienced its slowest drop in four months. Sentiment among construction firms worsened, with expectations for the next 12 months at their lowest since October 2014.
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