Investment by non-financial enterprises (NFE) accelerated in Q4 2021 (+1.1% after +0.1%,, exceeding its Q4 2019 level by 3.4%. First of all, investment in manufactured products rebounded slightly (+0.3% after –1.8%). This was therefore 3.5% below its pre-crisis level, in a context of major supply chain difficulties. This difference is mainly due to investment in transport equipment, which was 17.5% down on its Q4 2019 level as a result of poor automobile production. Secondly, investment in building construction picked up in Q4 (+0.7% after a downturn in Q3), settling at 1.1% above its pre-health crisis level. Lastly, investment in services continued to be dynamic (+1.9% in Q4, exceeding its pre-health crisis level by almost 10%), driven by investment in information and communication services...