Wednesday, 3 April 2013

France Infrastructure Report Q2 2013

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France Infrastructure Report Q2 2013
Apr 3rd 2013, 00:00

BMI View: Despite five consecutive years of contraction between 2008 and 2012, we see little scope forrecovery in the construction sector during 2013. France''s weak macroeconomic outlook remains the mostsignificant impediment for construction sector growth over the near-term. However, the outlook isbrighter long term, as the country''s hosting of the UEFA Euro 2016 Football Championship will providea welcome source of new contracts for developers.Latest available estimates from the French National Institute for Statistics and Economic Studies indicatethat the domestic construction sector failed to post any recovery during 2012 and contracted by anestimated 0.4% ...

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