2010: see industrial investment depart
August 28, 2010 – 5:40 amFrench industrialists feel that things can now only be worse. According to the quarterly survey released Friday by INSEE, business leaders predicted, in July, up 5% from their investments this year compared to 2009 – with an acceleration in the second half. This figure compared to a collapse of 21% last year.
The reversal is clear, even if the entrepreneurs have seen a slight decrease their investment forecasts for this year – they were anticipating an increase of 6% in the previous survey conducted in April.
INSEE said that this recovery would be particularly marked in electrical, electronic, computer and machinery (+11% in 2010 after – 25% in 2009).It is also clear in the other industries sector (6% after – 27%) such as textiles and leather, chemicals, pharmaceuticals and metallurgy and in the transport equipment sector (up 2% after – 14%). In contrast, in the area of agricultural and food industries, investments continue to decline 3% in 2010 compared to 2009 No fax payday loans.
Overall, after a bad year, business leaders see global demand and a resurgence in their order books are gradually replenish. France has among others the strong recovery of its main trading partner, Germany.
The caution is
The return of investment is a sign of renewed confidence in an area endangered by the crisis that plagued the last two years.INSEE does not he released a few days ago another indicator showing that the business climate was at its highest in two years?
But caution is clearly called for. Not only because the manufacturers have consistently tended to overstate expectations. Then, because, despite an improvement on the forehead of the economy, demand in Europe remains low, in a context of severe budgetary restrictions. The companies are well aware. Friday, CGPME defended in the name of "employment and competitiveness, the tax benefits they receive, some of whom may be threatened by efforts to reduce the deficit.
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