There is still one missing ingredient to be sure that the nascent recovery in France will not prove short-lived: this is an upturn in non-residential investment.
For the moment, it is not surprising or abnormal for this rebound to take time to materialize. Recovery signs are too recent and tentative to revive investment yet. However, the current environment is in many ways rather conducive to such a pick-up.
"In this regard, the April 2015 survey on investment in the industry sector is especially good news as a 7% increase in nominal terms is expected this year." - says BNP Paribas
