Investment by non-financial enterprises (NFEs) declined further in summer 2024, for the fourth consecutive quarter (-1.2% after -0.2% in Q2 2024). Investment in manufactured products fell sharply (-4.6% after -1.7% in Q2 2024), weighed down by the collapse in investment in transport equipment (-9.2% after -1.0%) which was linked to the introduction of the new European GSR-2 standard (General safety regulation), for heavy vehicles in particular. Purchases of capital goods and “other industrial products” continued to decline, hampered by difficult financing conditions. Investment in construction almost stabilised (-0.1% after -0.6% in Q2), but nevertheless recorded its seventh consecutive quarter of decline. At the same time, spending on services continued to grow at a sustained pace (+1.0% after +1.4%), driven by spending on both information-communication (+1.0% after +1.5%) and services to businesses (+0.9% after +1.3%)...