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French manufacturing bosses grow more sanguine on investment plans
February 7, 2017 / 8:11 AM / 10 months ago

French manufacturing bosses grow more sanguine on investment plans

PARIS (Reuters) - Executives in France’s manufacturing industry said they expected to increase investments by 5 percent this year, sharply up from stagnation signalled for 2017 in the last survey in October, national statistics office INSEE said on Tuesday.

An employee uses a sewing machine as she works at the Royal Mer Bretagne factory, specializing in French manufactured knitted clothes, in La Regrippiere, western France, November 28, 2016. REUTERS/Stephane Mahe

For 2016, executives said they had increased investment by 4 percent, slightly lower than the 5 percent they had reported as being planned for in the last survey.

This year’s more ambitious investment plans are good news for the French economy at a time when many wonder whether uncertainty over the presidential election in April and May could weigh on a firming recovery in the euro zone’s second-largest economy.

Reporting by Michel Rose; Editing by Sudip Kar-Gupta

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