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France's Ongoing Reindustrialization

A report from the DGE shows that France continues to experience a net increase in factory openings and extensions, despite a recent slowdown and challenges in specific sectors.

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France

EconomyLabour MarketFranceGrowthIndustryManufacturing

Direction Générale Des Entreprises (Dge)MichelinValeo

Which sectors of the French economy are experiencing the most difficulties?: The automotive and energy-intensive sectors are struggling, with 6 net closures in the automotive sector and -3 in plastics. This highlights the impact of energy costs and challenges in the automotive industry.
What was the net change in industrial sites in France during the first half of 2024?: In the first half of 2024, France saw a moderate increase in industrial site openings and extensions, with 36 net openings. However, considering only new sites, the balance is slightly negative at -8.
What is the overall assessment of France's reindustrialization efforts, according to the DGE?: Despite a slowdown in net factory creations compared to 2022 and 2023, the Directorate General of Enterprises (DGE) believes that France's reindustrialization is still on track.
Which sectors of the French economy are showing the most growth in terms of factory openings?: The most dynamic sectors are those related to the green industry, with a positive balance of +21. 60% of industrial investments concern renewable energy sectors like batteries and solar power.
What is the overall trend of factory creation/closure in France, despite recent negative news reports?: The DGE's barometer shows that even with negative aspects like some factory closures, France continues to see a net increase in factory openings and extensions, particularly in green industries, indicating ongoing reindustrialization efforts.

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