For any business sector, there will be peak seasons and there will be slow seasons.
But for France, the construction market has been stagnant for a prolonged period of time.
That’s ironic simply because the overall economic growth in the euro zone’s second largest economy has been on an uptick so far this year.
However, France’s economic weak spot lies within the construction industry, according to statistics released this week by statistics agency Insee.
The problems has prompted President François Hollande’s government to slash its growth forecasts and rethink its entire economic and fiscal program.
Construction accounts for around 7% of employment in France.
In addition to that, production in the sector fell 1.5% in the second quarter.
But that’s not all: Investment in construction dropped further still, down 2.1%.
So what do you do when the construction market in France is in trouble?
Well, if you currently have business in France or plan to do business in France at some point in the future, our advice is to prepare by arming yourself with used heavy equipment for a great bargain.
After all, slumps don’t last always, and the economic history of France has proven its ability to rebound….and when it does, you want to be in the best position to take advantage of the growth that’s headed in the future.
It may take a while before it happens, but now is the time to get ready for it.
Once you decide to do so, EHE is a proven to be the most competitive wholesaler that empowers buyers and sellers of used heavy equipment with exactly what they need to get the job done.
Fore more information, please visit us on www.experthe.com.
