On 26 October, the French parliament approved President Nicolas Sarkozy's pension reform plan, which would raise the minimum retirement age from 60 to 62 and the full retirement age from 65 to 67. In response to these changes, labour unions have announced further strikes, continuing a series of protests since early September. In October, strikes were focused in the oil sector and brought French oil refining and distribution to a virtual standstill. However, with the approval of the bill the strikes seem to have turned a corner, as workers at eight of 12 refineries voted to return to work by 29 October. Finance Minister Christine Lagarde stated that the protests and strikes cost the country between EUR 200 million and EUR 400 million (USD 280 - 560 million) a day. That said, Lagarde added that the protests would not alter the country's economic growth forecast for 2010.
French parliament approves reform despite strikes
October 27, 2010
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France Economic News
October 3, 2016
According to preliminary figures released by the National Statistical Institute (INSEE), consumer prices in September dropped 0.2% over the previous month, contrasting August’s 0.3% increase.
September 28, 2016
The consumer confidence indicator produced by the National Institute of Statistics and Economic Studies (INSEE) remained stable in September at August’s 97 points.
September 23, 2016
The French economy contracted in the second quarter.
September 23, 2016
The composite Purchasing Managers’ Index (PMI), produced by IHS Markit, rose in September.
September 22, 2016
According to the National Institute of Statistics and Economic Studies’ (INSEE) business climate survey, the business confidence indicator rose from August’s over-one-year low of 101 points to 103 points in September.