reindustrialisation weakened by the crisis but boosted by the energy transition

In the second quarter, job creation in companies fell by 20%, according to Trendeo. But the dynamics of the creation of factories remains “high” and “the many alarming signals on industrial activity do not result (yet?) in decisions to close”, underlines the cabinet.

Reindustrialization could stall in France under the effect of the war in Ukraine, inflation and the energy crisis, but continues to benefit from the energy transition, with projects for photovoltaic plants, wind turbines or batteries, indicate the data transmitted by the specialized firm Trendeo. In the second quarter of 2022, Trendeo recorded a 20% drop in job creations in companies compared to the first.

Very responsive to the immediate economic situation, the distance selling and call center and online services sectors illustrate the chill on growth identified by Trendeo, with respectively 6,583 and 1,092 more jobs cut than those who were created in these two sectors over the first eight months of the year.

Traditional industry, for its part, continued to see its workforce increase, with 26,625 new jobs over the first eight months of the year, i.e. a positive net balance of 10,074 compared to the period January-August 2021. 90 new factories have saw the light of day in the first half against 35 which closed. “Beginning of a fall or air hole?”, the semi-annual report of the Trendeo firm which lists and analyzes twice a year all the investment announcements of companies on French territory, does not decide.

“Until the end of August, there is no evidence of a violent slowdown in the economy as a whole,” the report said. But, in April, the balance of job creations and job losses fell “below the level of 2021”, he notes. Growth in business relocations, which had seen a record year in 2021, also seems to be stalling. In the first half, Trendeo counted 28 relocations against 4 relocations. In the second half of 2021, relocations and relocations amounted to 44 and 4 respectively, and 46 and 12 in the first half of 2021.

Seven projects of more than 50 hectares

The dynamics of the creation of factories remains “high” and “the many alarming signals on industrial activity do not translate (yet?) into decisions to close”, adds Trendeo. On the startup side, 400 fundraisers took place from January to August 2022, compared to 518 over the same period of 2021, a decrease of 23%. On the other hand, the total funds collected increased by 54% to 5.7 billion euros in 2022, against 3.7 billion last year.

Finally, Trendeo analyzed some 1,500 large-scale industrial investment projects – on a land area of ​​more than 50 hectares – announced worldwide between 2016 and 2022 and listed in its database. If the United States has 415, China 124, and the United Kingdom 32, France has only seven, Germany eleven, and Poland/Hungary/Czech Republic together has ten. The seven French industrial projects in this census are located in the field of energy, linked to the ongoing transition:

Four solar farm projects in Allons (Lot-et-Garonne), Labarde (Gironde), Total Quadran in Haulchin (North), and MontanSolar & Luxel in Forbach (Lorraine), wind turbine manufacturing projects in Brittany, the project Verkor automotive electric battery factory in the North, and the solar panel manufacturing project of the startup Carbon based in the Loire, in Rhône-Alpes, indicates Trendeo.

“France has an industrial fabric which is picking up a bit of dynamism, but is still struggling to secure major final assembly projects in the automotive and electronics sectors, and is thus missing an opportunity to develop a fabric of subcontractors in ETI and SME,” David Cousquer, author of the study and editor of Trendeo, told AFP.

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