France Infrastructure Industry Report Q market-report.html Category: Construction
France Infrastructure Industry Report Q BMI View: Despite five consecutive years of contraction between 2008 and 2012, we see little scope for recovery in the construction sector during France’s weak macroeconomic outlook remains the most significant impediment for construction sector growth over the near- term. However, the outlook is brighter long term, as the country’s hosting of the UEFA Euro 2016 Football Championship will provide a welcome source of new contracts for developers. Latest available estimates from the French National Institute for Statistics and Economic Studies indicate that the domestic construction sector failed to post any recovery during 2012 and contracted by an estimated 0.4% year-on-year (y-o-y) in real value terms. With the residential and non-residential construction sub-segment accounting for an estimated 83.1% of total construction industry value in 2012, it is unsurprising that the weaknesses in the housing sector are dampening growth in the industry. House prices in France reportedly dropped 1.7% y-o-y during 2012, marking the fastest decline since Q409, according to INSEE estimates. Table of Contents BMI Industry View SWOT Analysis France Infrastructure SWOT Market Overview Inquire for discount on this
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