Country focus: France | Features

Outlook for 2007
	2005	2006(e)
Industrial	13.7	14
Offices	4.7	5.4
Retail	6.1	6.3
Admin buildings	8.4	8.9
Agricultural buildings	13.1	14.1
Total	46	48.7
(e) estimated, (p) projected
Investment in 2007 is expected to stay healthy with similar levels to 2006 but rents are expected to rise, and a capital will be ever more available. The French market should still be seen as a safe investment by most and we should see continued growth in new investment vehicles that will put their money into health clinics, restaurants, hotels, and so on.

French economy
	2006	2007
GDP growth	2.00%	2.00%
Consumer price inflation	1.70%	1.70%
Producer prices		2.00%
Average wages		2.80%
Unemployment	9.10%	8.50%
Retail sales		3.20%
Private consumer spending	2.10%	2.00%
Governmental consumer spending	1.80%	1.30%
Imports	7.80%	5.90%
Industrial production		2.60%
Gross fixed investment	3.40%	3.40%
Public deficit (as % of GDP)	2.70%	2.50%
Interest rates	3.00%	3.30%

Construction industry
	2006	2007
Turnover	5.00%	2.70%
Sales of cement	1.50%
Residential construction	4.70%
Non-residential construction	2.40%	1.80%
Civil engineering	3.50%	3.30%
Tender prices	3.00%	2.30%