In the manufacturing industry, business managers forecast that investment will increase by 2% in 2015Industrial investment survey - July 2015

Surveyed in July 2015, business managers indicated that investment in the manufacturing industry increased by 3% in 2014. They revised 1 point upward their previous expectations given in April.

Informations rapides
No 202
Paru le : 27/08/2015
Prochaine parution le : 07/11/2017 at 08:45 - October 2017

Surveyed in July 2015, business managers indicated that investment in the manufacturing industry increased by 3% in 2014. They revised 1 point upward their previous expectations given in April.

Graph1_ang – Annual nominal change in investment in the manufacturing industry

  • Source: Industrial investment survey - INSEE

In 2015, investment in the manufacturing industry will slightly increase

Business leaders in the manufacturing industry forecast that their investment will slightly increase in 2015 compared to 2014 (+2%). The forecast made in April is revised down by 5 points. This downward revision is high for the manufacture of transport equipment and for the “other manufacturing industries” sector.

Investment in the manufacture of food products and beverages (+9%) and in that of transport equipment (+4%) should be dynamic. In 2015, investment in the “other manufacturing industries” sector and in the manufacture of transport equipment should continue to increase very slightly (+1% as in 2014). By contrast, investment is likely to decrease in the capital goods industry: –1% after +5% in 2014.

Tab1_ang – Annual investment growth by sectors

% (in nominal terms)
Annual investment growth by sectors
NA* : (A17) and [A38] 2014 2015
observed Apr.15 observed Jul.15 estimate Apr.15 estimate Jul.15
C : MANUFACTURING INDUSTRY 2 3 7 2
(C1): Manufacture of food products and beverages 3 3 5 9
(C3): Electrical and electronic equipment; machine equipment 4 5 –1 –1
(C4): Manufacture of transport equipment 5 6 14 4
[CL1]: Motor vehicles 6 6 15 2
(C5): Other manufacturing 2 2 7 1
  • How to read this table: In manufacturing industry, firms surveyed in July 2015 observed an increase by 3% of their nominal investment in 2014 comparing to 2013 and forecast an increase of 2% in 2015 comparing to 2014.
  • * The codes correspond to the level of aggregation (A17) and [A38] of the "NA" aggregate classification based on NAF rev.2.
  • Source: Industrial investment survey - INSEE

Investment leaders anticipate an increase in their investment in H2 2015

Industrials surveyed in July 2015 are more numerous to indicate an increase than a decrease of their investment between H2 2014 and H1 2015. The same is true between H1 and H2 2015.

Graph2_ang – Six-month change in investment

  • How to read this graph: In July 2015, business leaders who anticipated an increase between H2 2014 and H1 2015 were more numerous than those who anticipated a decrease ("actual"). More business leaders also anticipated an increase than a decrease in their investment between H1 2015 and H2 2015 ("forecast").
  • Source: Industrial investment survey - INSEE