France GFCF current prices: non-financial companies construction
France GFCF current prices: non-financial companies construction stood at 24,379 EUR million in Q2 2026, according to INSEE – Institut national de la statistique et des études économiques (BDM). It is one of the indicators in the Fixed investment table (Value · Quarterly), with a complete series running from Q1 1949 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Fixed investment table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current prices | |||||||||||
| Investment by non-financial companies - Construction | 24,379 | 24,113 | 24,469 | 24,235 | 24,176 | 24,392 | 24,609 | 24,854 | 24,888 | 24,884 | |
| Investment by non-financial companies - Information and communication | 21,699 | 21,584 | 21,122 | 21,016 | 20,510 | 20,430 | 20,337 | 19,999 | 19,981 | 19,374 |
Understanding france GFCF current prices: non-financial companies construction
Commercial real estate acquisitions, site expansions, office block development, and structural alterations undertaken by corporate enterprises fall within this metric. The measurement captures outlays dedicated to physical edifices, permanent installations, and civil engineering projects owned by enterprises outside the financial sector. Excluded are residential properties intended purely for personal dwelling, financial assets, and minor maintenance expenditures that merely preserve existing utility without extending operational lifespans. This series isolates architectural structures from machinery or intangible outlays, segregating tangible real estate formations from the broader corporate capital tally.
Interpreting these figures requires careful adjustment for pronounced seasonal swings, as construction outlays frequently concentrate around favorable weather windows and administrative milestones. Initial quarterly figures undergo multiple revisions as delayed contractor surveys and finalized permit records arrive at statistical offices. When evaluating multi-year trajectories, comparing matching quarters across consecutive annual cycles helps neutralise predictable seasonal distortions better than immediate quarter-to-quarter transitions. Analysts should avoid equating this physical asset accumulation with total corporate capital formation, given that software acquisitions and transport equipment are recorded elsewhere.
Frequently asked questions
- What kinds of buildings are included in this construction expenditure metric?
- Office buildings, warehouses, factories, retail premises, and permanent civil engineering structures commissioned by non-financial corporations.
- Are routine repairs and building maintenance counted as investment outlays?
- Minor repairs that merely maintain baseline condition are excluded, whereas capital improvements that extend asset lifespans or expand capacity are included.
- How do revisions affect early quarterly estimates for corporate construction?
- Initial releases rely on preliminary surveys and tax data, which are subsequently updated as comprehensive administrative declarations become available.