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2.4 EUROPE--France
2017/11/26
French GDP gained momentum at the end of 2016. This positive trend was passed on to the first quarter of 2017 with GDP growing by 0.3%. Business investment accelerated by 0.9% due to very favorable conditions. On the other side, private consumption slowed down. Overall, internal demand contributed positively and to the same extent as last quarter.
 
France, Europe’s fourth largest chiller and air-side market in 2016, was estimated at US$ 284.7 million falling by 3% compared to 2015. While the direct expansion (DX) market experienced remark-able growth, chillers and air-side products have not enjoyed such an outcome until 2016. However, the mood in 2017 is positive, and suppliers expect growth to take place, as construction activity resumes notably for large office buildings.
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