France GFCF volume: all sectors capital goods
France GFCF volume: all sectors capital goods stood at 11,605 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Chain-linked volumes | |||||||||||
| GFCF of all sectors in all institutional sectors - Capital goods | 11,605 | 11,539 | 11,362 | 11,460 | 11,366 | 11,191 | 11,180 | 11,307 | 11,513 | 11,658 | |
| GFCF of all sectors in all institutional sectors - Transport equipment | 10,727 | 10,463 | 10,570 | 10,727 | 10,509 | 10,417 | 10,156 | 9,865 | 10,697 | 10,624 |
Understanding france GFCF volume: all sectors capital goods
Capital goods asset accumulation across all institutional sectors represents the chain-linked volume of machinery, tools, and industrial equipment added to production facilities. This measure tallies industrial machinery, power-generating equipment, metalworking tools, and office hardware, isolating tangible productive assets from transport fleets and real estate structures. Excluded are minor maintenance expenditures, rental payments, and goods destined for immediate resale. Compared to specialized sectoral breakdowns, this aggregate pools every economy-wide purchaser of industrial hardware, combining both private corporate acquisitions and public infrastructure outlays into a single category.
Quarterly tracking of capital goods requires careful handling because large industrial orders and heavy equipment deliveries frequently generate lumpiness in early estimates. Analysts prefer year-on-year comparisons to bypass regular seasonal procurement windows and end-of-quarter budget flushes. Revisions often emerge as trade statistics, customs declarations, and manufacturer shipment surveys are updated. A common pitfall is treating this indicator as a direct proxy for corporate cash flow, whereas businesses frequently finance heavy equipment through specialized leasing arrangements and debt instruments.
Frequently asked questions
- Does this capital goods measure include transport equipment like delivery trucks?
- No, transport vehicles are segregated into their own dedicated category within the broader fixed asset classification scheme.
- Why do quarterly figures for capital goods often show sudden spikes?
- Large industrial machinery deliveries and custom equipment installations can create lumpiness in specific reporting periods.
- Are office computers and IT hardware counted under capital goods?
- Standard office hardware is included here, whereas specialized software development expenditures are tracked separately under intellectual property products.