Retail Sales in France
France - Retail SalesAccording to a flash estimate, GDP growth flatlined in quarterly terms in Q1 as a record breaking Covid-19 wave led to a contraction in private spending. Moreover, the external sector was likely weighed on by the breakout of war in Ukraine. Turning to this quarter, business conditions improved in April, after moderating on average in the prior quarter. The composite PMI rose to its highest level since January 2018 due to easing Covid-19 curbs, while business confidence improved in the same month amid a strong increase in order books. Moreover, on 24 April, Emmanuel Macron became the first president to win reelection in 20 years after beating Marine Le Pen in the second round of the presidential elections. Macron is expected to continue with his business-friendly labor market reforms and tough economic sanctions on Russia.
France - Retail Sales Data
|Retail Sales (annual variation in %)||3.7||3.0||3.6||2.9||2.6|
5 years of economic forecasts for more than 30 economic indicators.
France Retail Sales Chart
Source: National Institute of Statistics and FocusEconomics calculations.
|Bond Yield||0.08||0.46 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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April 29, 2022
According to a preliminary estimate, economic growth flatlined on a seasonally-adjusted quarter-on-quarter basis in the first quarter, moderating from the 0.8% expansion seen in the fourth quarter of last year.
April 22, 2022
The S&P Global Flash Purchasing Managers’ Index (PMI) rose to 57.5 in April from 56.3 in March, marking the highest reading since January 2018.
April 21, 2022
Business confidence rose to 108.2 in April from 107.4 in the previous month.
March 30, 2022
In less than two weeks, the French electorate will head to the polls, as citizens cast their votes in a presidential election that includes 12 candidates from across the political spectrum: from far-left communist Fabien Roussel to far-right nationalist Eric Zemmour.
March 29, 2022
Consumer confidence slid to 91.0 in March from February's 98.0.