France’s reindustrialisation continues, but clearly slows down


According to the barometer of the Ministry of the Economy published Thursday, 89 net openings were identified in 2024. It is much less than in the previous two years.

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A worker near an automated storage bridge in Montchanin, in eastern France, on February 28, 2024 (illustration photo). (Arnaud Finistre / AFP)

A worker near an automated storage bridge in Montchanin, in eastern France, on February 28, 2024 (illustration photo). (Arnaud Finistre / AFP)

Created in 2023, this barometer indicates the number of new industrial sites or extensions of existing factories, and compares with factories that close or reduce the sail. This allows you to have an inventory, a precise photo, of the industrial landscape on the entire territory and the job basins.

We remember the good figures that had accompanied the economic recovery after the COVID confinements. Where are we precisely today? The Ministry of the Economy publishes Thursday, March 13, in the morning, its latest industrial barometer with the updated figures for 2024. No more reindustrialisation wave noted in 2022 and 2023. We went up to 176 net openings in 2022, until 190 in 2023. This proportion was clearly subsidized in 2024 with only 89 net openings (once the closings or corporate reductions). There was no stop strictly speaking, but a very clear slowdown in creations or extensions of industrial sites.

The most difficult branches are those of transport, more particularly the automobile, aeronautics and mechanics. Among the most dynamic, we find the food industry and the green industry linked to decarbonized activities. These two sectors retain a sustained pace in terms of openings or extensions of production sites. The continuation of reindustrialisation, but with net slowdown, will continue if we are to believe the government data. The situation is far from being brilliant, according to another indicator published by the firm Trendeo which is proof of economists.

Several factors make it possible to say that the tendency to slowdown: increased business failures in all sectors combined (+13% over the past year), acceleration of the number of job backup plans (+35% in the past 12 months). And, certainly the most significant: the drop in foreign direct investments in France. “The international context and trade tensions result in a slowdown in investment decisions”, underlines Business France. A situation which was added to the dissolution of the National Assembly by Emmanuel Macron last June and which had already destabilized economic decision -makers, including front line business leaders. We measure the effects still today.



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