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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance Construction PMI climbed to 43.9 in February 2026
FMPMonthlyReleased March 2026
France Construction PMI climbed to 43.9 in February 2026, released March 2026, up 0.4 from January's 43.5 reading.
Latest Release
43.900000
Actual
—
Consensus
43.500000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/JPY | ▼ Inverse | −0.67 | FOREX | Bearish EUR | → View |
| XAU/USD | ▼ Inverse | −0.37 | COMMODITIES | Bearish XAU | → View |
| EUR/USD | ▼ Inverse | −0.31 | FOREX | Bearish EUR | → View |
| EUR/GBP | ▼ Inverse | −0.29 | FOREX | Bearish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Construction PMI (France) was reported at 43.90 in March 2026. The reading rose from the previous value of 43.50. Trailing 12-month context per ETL data through March 2026. Over the past 12 months, the indicator has averaged 42.94, ranging from 39.70 to 46.70 across 8 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 43.60, up from the prior three at 42.10.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/JPY (Bearish EUR). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Business Confidence (Jun 23) and S&P Global Manufacturing PMI (Jun 23).
Auto-generated from current model state · Refreshes on each release · Last update March 2026.
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Construction PMI - FR
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About Construction PMI — France
DEFINITION
Construction PMI (Purchasing Managers' Index) is a leading economic indicator that measures the level of activity in the construction sector. It provides valuable insights into the health and growth of the construction industry by tracking changes in key factors such as new orders, employment, and business expectations. This data is used by businesses, investors, and policymakers to make informed decisions and assess the overall economic outlook. A high Construction PMI indicates a strong and expanding construction sector, while a low PMI suggests a slowdown in activity.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2026): actual 43.9. Prior reading (Feb 2026): 43.9. Before that (Jan 2026): 43.5.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/JPY (Bearish EUR, r=-0.67) — a useful reference for forex-focused traders.