Retail Sales in France
France - Retail Sales
GDP growth stagnated in quarter-on-quarter terms in Q1 due to a contraction in private spending. Turning to Q2, the war in Ukraine is taking a toll on the economy: Record-high inflation and subdued consumer confidence in April is likely to keep a lid on household consumption. Similarly, business confidence moderated further in May. That said, the composite PMI rose to a four-year high in April and remained upbeat in May, bolstered by the loosening of pandemic-related restrictions. In politics, Emmanuel Macron appointed Élisabeth Borne as the prime minister on 16 May after a cabinet reshuffle. Lastly, in a recent report, the European Commission said that France had successfully managed the pandemic crisis, but had strained public finances as a result. In order to ensure sustainability of public finances, the Commission recommended that France simplifies its pension system.France - Retail Sales Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Retail Sales (annual variation in %) | 3.7 | 3.0 | 3.6 | 2.9 | 2.6 |
France Retail Sales Chart
Source: National Institute of Statistics and FocusEconomics calculations.
France Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.08 | 0.46 % | Jan 01 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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France: Industrial activity contracts at sharpest pace since February 2021 in July
September 9, 2022
Industrial production fell 1.6% month-on-month in seasonally-adjusted terms in July (June: +1.2% mom).
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France: Harmonized inflation eases in August
August 31, 2022
Consumer prices increased 0.37% from the previous month in August, picking up from July's 0.28% increase.
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France: GDP rebounds in the second quarter
August 31, 2022
After the economy contracted in the first quarter due to the impact of rising prices, GDP returned to growth in Q2: Economic activity bounced back, expanding 0.5% on a seasonally-adjusted quarter-on-quarter basis in the second quarter, above the 0.2% contraction tallied in the first.
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France: Composite PMI dips into contractionary territory in August
August 23, 2022
The S&P Global Flash Purchasing Managers’ Index (PMI) fell to 49.8 in August from 50.6 in July, marking the lowest reading since February 2021.
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France: Industrial output grows at fastest pace since January in June
August 5, 2022
Industrial production increased 1.4% month-on-month in seasonally-adjusted terms in June (May: +0.2% mom).
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