France: Encouraging Investment Expectations
BNP Paribas | Feb 08, 2017 04:47AM ET
Each year in January, April, July and October, the INSEE releases a survey on investment expectations (nominal terms) in the manufacturing industry (covering this way 25% of productive investment in France). Admittedly, these expectations must not be taken at face value: as the chart illustrates, they can be quite off the mark (the investment here shown is for the whole non-financial corporate sector) and changing from one survey to the other. However, they do give a helpful indication on a key growth component and an encouraging one as it happens: indeed, according to the January survey, business managers now forecast a 5% rise in their investment spending versus a first estimate at 0% according to last October survey. Investment growth would therefore remain on a rather swift pace, similar to 2016 and consistent with our own forecast.
by Hélène BAUDCHON
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.