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2.5 EUROPE: France
2018/01/21
According to the IMF, France’s GDP growth rate was 1.2% in 2016, and is estimated at 1.6% in 2017. While growth in private consumption and capital investment contributed to favorable internal demand, lower external demand from a sharp downturn in exports ate into this growth.
 
The market for RACs in 2017 was 482,000 units. Sales of single-split units fell in the first half of 2017 but were boosted later in the year by a summer heat wave. The total market for PACs in 2017 was around 52,000 units, an increase of 5.0%, thanks in part to high temperatures.
 
In the south of the country, single-and multi-splits are often installed as the sole means of heating and cooling in houses and apartments. Small commercial buildings often use multi-splits in 5 kW and higher capacities. Refurbishment remains the key driver of the split market.
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