Report
Patrick Artus

What productive specialisation is favourable for a euro-zone country?

We compare the nature of the productive specialisation of Germany, France, Spain and Italy, looking at the weight in the economy of these countries of agriculture and the agri-food industry, consumer goods, intermediate goods, capital goods excluding transport equipment, transport equipment, business services, financial services and, finally, household services. We see that : Germany specialises in intermediate goods, capital goods excluding transport equipment and transport equipment; France specialises only in business services excluding financial services; Spain specialises in agriculture, agri-food industry, household services, construction and tourism; Italy specialises in consumer goods, capital goods excluding transport equipment, financial services and household services. We also see: That since 2010, Germany has had the best economic performance of the four economies; But that since 2021, due to the decline in global trade in goods, Spain has been the best performer .
Provider
Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Patrick Artus

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