Monday, October 6, 2014

2015 looks a little better for French exports – Capital.fr

2015 looks a little better for French exports – Capital.fr

More than eight out of ten companies exporting French plan to increase their sales abroad next year, but fewer than one in three is willing to invest more to get there, according to credit insurer course-News | Consensus | Company
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Euler Hermes .

The fourth edition of Euler Hermes export barometer released Monday, they can count on request from France, which is expected to increase to € 30 billion in 2015, double this year.

A third of the amount held to the effects of the decline in the euro, economists of Euler Hermes consider sustainable.

But it is mainly the improvement of the economic environment in major trading partners who would play France and to a lesser extent the increase in the competitiveness of French companies, thanks to the Tax Credit Competitiveness and Employment Pact responsibility.

The sectors that benefit most from this increased external demand would be industrial equipment, chemicals and food processing.

Economists of Euler Hermes anticipate that foreign trade is expected to contribute 0.2% to the French growth in 2015, that estimate to 0.8% after 0.4% in 2014 due to consumption and investment will remain a timid.

The trade deficit could leave them be brought below 50 billion euros against 60 billion in 2014.

In this context, 83% of exporting firms in a panel 826 interviewed between May and July Euler Vuitton- companies with two-thirds of SMEs, third ETI (intermediate size companies) and some large groups and microentreprises- planning to increase their sales to export the Next year.

When asked about the subject countries, Brazil, Algeria, India and China are leading this year, and the United Kingdom, far ahead of the main traditional partners of France such as Germany, Italy and Spain

But they are very timid as regards the necessary investments. 35% not considering investments and export in 2015, 29% to maintain their level of 2014 and 32% of the increase.

Although limited, investment in export intentions are still better than in France, where only 18% of respondents plan to do more in 2014.

Euler Hermes stresses that the French export unit remains fragile, with the number of exporters increased slightly last year to 120,700, after 119,300 in 2012, but still far from the early 2000s (about 132,000) and suffers in comparison with Germany (250,000) and Italy (200,000).

(Yann Le Guernigou edited by Yves Clarisse)

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