Consumer durables is a cataloguing of consumer goods that are not essential to be bought very often as they are fashioned in a way so as to last for an extended period of time. Profits in the consumer durables sector were most profoundly…
BMI View: French defence spending will increase in 2016, amid the government's ongoing fight against
internal and external threats. The Paris attacks in November consolidated the government's promise to halt
armed forces downsizing and strengthen counter-terrorism capacities both domestically and
internationally. The need to modernise the existing fleets and technologies will incur further procurement
contracts throughout the armed forces, notably in cyber-crime and operational equipment. Military
expenditure will increase slowly in the coming years in light of persistent threats and as economic
conditions improve and political uncertainty decreases. French defence manufacturers, which satisfy most
of the national procurements will continue to look to international expansion and should consistently
deliver record-high exports and profits in the coming year, although we expect the local defence industry to
develop shared designs and production capabilities in cooperation with foreign companies over the next
? In November 2015, Islamist terrorists attacked various locations in central Paris and nearby suburbs
killing 130 people. The attack was orchestrated by IS backed Islamist militants, some born and raised in
France and Belgium and others having travelled from Syria posing a refugees from the conflict there.
? After the attacks on Charlie Hebdo, on January 12, President Hollande had announced the deployment of
an additional 10,000 troops on the streets across the country, as well as a EUR425mn investment into
greater surveillance capacity for the police, security and intelligence services over the next three years.
This was confirmed in light of the Paris attacks and further EUR60mn was announced to combat
? Following the attacks, the French parliament voted for the implementation of a state of emergency,
renewed twice as of July 2016. This legal framework provides for greater legislative and operational
powers for the police and armed forces to deal with suspected threats.
? France carried out its first bombardments of Syria following the November attacks, expanding on its
existing Operation Chammal swhich saw France participating in US-led targeted bombings of suspected
IS and Islamist targets in Iraq.