Key Financial Briefing: US Growth Forecast Adjusted Down, Vinci Sees Strong Traffic, and Major Infrastructure Sale Nears

By / / Breaking News

  • US Economic Growth Forecast Slightly Lowered
    The US Atlanta Fed GDPNow index, a widely watched real-time estimate of Gross Domestic Product, has seen a slight decline. The index fell to 2.39% from its previous 2.58% reading. This marginal decrease suggests a potential, albeit minor, cooling in the pace of US economic expansion.

  • Vinci Reports Robust Q2 Traffic Growth
    Global concessions and construction company Vinci (DG) announced a substantial 6.7% increase in overall traffic for the second quarter of 2024. This strong performance was particularly evident in its airport operations, which recorded a 5.1% rise in passenger traffic and a 6.5% increase in commercial movements. The figures underscore robust recovery and sustained demand within the global travel and transportation sectors.

  • Exclusive Talks Underway for Axxès Sale
    In a significant development within the European infrastructure sector, a consortium comprising Vinci Autoroutes, Eiffage (EIF), SFTRF, and ATMB has entered into exclusive negotiations with Brisa (BRISA). The discussions center on the potential sale of all shares in Axxès, a prominent player in electronic tolling. This move indicates potential strategic realignments and consolidation within the European tolling and infrastructure management market.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. We are not financial professionals. The authors and/or site operators may hold positions in the companies or assets mentioned. Always do your own research before making financial decisions.
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