France lagging behind the EU area recovery
Healy Consultants Group PLC
08 September, 2015
Since 2009, the EU area is desperately trying to recover from different economic imbalances, the most recent being the debt crisis in Greece.
This has lead the Union to march in slow steps, but in 2015, recovery is picking up the pace with surprising growths. For example, the Purchasing Managers Index (PMI) increased rapidly from 53.9 in July to 54.3 in August the highest level since May 2011.
The big-four economies are showing significant results, except France which proved slow growth, bordering stagnation. Spain showed the fastest expansion, closely followed by Germany and Italy.
Frances PMI index reduced from 52 in July to 50.6 in August, as employment and business setups remained slow. The slower GDP growth of France at only 0.3% is further pushing back the EU and its stats.
Healy Consultants estimates that with the lowered price of crude oil, the French significant manufacturing sector and boosted consumption will pick up pace and catch up to its neighbours. We recommend to foreign investors to consider France as their go-to option when the growth is back on the table.
To inquire more about France company setup options and schedule a conference call, email us at email@healyconsultants or call us on +65 6735 0120
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