Investment by non-financial enterprises (NFEs) declined further in Q1 2024 (-0.5% after -1.1% in Q4 2023). Companies have continued to significantly reduce their investment in manufactured products (-1.4% after -1.6% in Q4 2023), especially in capital goods (-2.8% after -2.3%). Investment in construction also continued to decline, at the same pace as at the end of 2023 (-1.2% after -1.3%). At the same time, spending on services rebounded (+1.0% after -0.6%), driven mainly by spending on information and communication, which rose again after a significant decline in the previous quarter (+2.3% after -0.7%)...