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French Business Leaders Lower Investment Growth Estimate

Business leaders in French manufacturing industry downgraded their investment growth estimate for 2012, the latest survey of industrial investment from the statistical office Insee showed Friday.

Investment growth is estimated at 6 percent for this year comparing to 2011, down from the prior estimate of 7 percent. This downwards revision concern all sectors except those of manufacture of transport equipment.

Investment growth in manufacture of food products and beverages is forecast to slow to 6 percent and that in electrical and electronic equipments is estimated to remain stable at 7 percent from the prior year.

Leaders project 17 percent increase in investment in the transport equipment sector compared to an estimated 5 percent in 2011.

For 2011, business managers report that investment in manufacturing industry increased by 11 percent from the previous year. They revised 1 point upwards their estimation given last January.

by RTT Staff Writer

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