Investment in French manufacturing foreseen to drop in 2013

France's National Institute of Statistics and Economic Studies (INSEE) has announced that in the country's manufacturing industry business managers have forecast an investment drop in 2013 after a slight increase in 2012, both on year-on-year basis. In a survey carried out in October this year, French business managers forecast that investment in the manufacturing industry would increase by one percent in 2012, down four percentage points from their previous expectations given in July.
 
Accordingly, in 2012 the investment increase is expected to be strong in the manufacturing of transport equipment with a nine percent rise, while a 25 percent increase is foreseen for investment in the motor vehicles sector. However, investment forecasts for 2013 are for a three percent increase in the manufacturing of transport equipment and a six percent decrease in the motor vehicles sector.