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THE FRENCH ECONOMY : KEY FIGURES

The French economy was thriving at the the beginning of 2018 with stable employment and business in good health. What are the reasons for this positive situation?

2017 saw the return to “solid” growth (+2 % on average for GDP) with 270, 000 jobs created. The growth rate in France was 2% in 2017 and should continue at a similar rhythm in 2018. France stands out thanks to its investment in innovation applicable to all business sectors. Investment in R&D in France represents 2.23% of GDP, enabling the economy to be supported in a sustainable manner. It is worth noting that investment does not only concern R&D. Business managers in France have also invested in organisation so as to remain competitive.

Eg. regional industrial investment increased by 2.2% in 2017 and should pass the 10% mark in 2018. Regarding the market sector, the projected investment for 2018 is 6%. Between January 2017 and January 2018 the volume of exports for industry overall increased by 9%.

A POSITIVE BUSINESS CLIMATE

The synthetic business climate indicator summarizes the trends in European economic studies : the higher it is, the better industrialists see the economic situation.

Business climate is an excellent indicator of the good health of companies. This index has been positive for 3 years. This indicator provides an overview of the state of business in France at a given point in time : projected evolution of turnover, levels of orders, projected manufacturing trends, levels of stock, etc.

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THE BASQUE COUNTRY’S ECONOMY : KEY FIGURES

Businesses in the New Aquitaine region are holding course better than elsewhere because business failures have decreased since 2015. In 2017 4% of businesses closed due to a suspension of payments. The positive business climate over the last 3 years has a significant impact on turnover.

Over a one-year period, employment accelerated in New Aquitaine (+2.2%).The job market in the Basque Country increased by 0.6%, namely in the market services sector. Employment is also accelerating in the field of transport.

Sources INSEE & coe-rexecode