France's Industrial Rebirth Slows as New Site Openings Decline in 2024

The French government's industrial barometer shows a sharp drop in net new industrial site openings, but growth continues, driven by green industries.

France recorded only 89 net new industrial site openings in 2024, a significant drop from 189 in 2023 and 176 in 2022.
The government's industrial barometer, which includes both new openings and significant site expansions, remains positive but indicates a slowdown in momentum.
Green industries led growth in 2024, with 27 net new openings focused on decarbonized energy production, recycling, and waste management.
The automotive sector faced the steepest decline, contributing to a net loss of 12 sites in the transport sector overall.
The French government emphasizes the importance of site expansions, which have played a critical role in maintaining positive industrial growth figures.