Current Account in France
France - Current AccountA preliminary estimate revealed that economic activity slowed more than expected in the second quarter on weaker household spending. Notably, although the fiscal stimulus conceded by the government in late 2018 and propelled disposable income in Q1 to grow at the fastest pace since 2007, household spending lost stride in Q2 as consumers favored saving. On the other hand, fixed investment accelerated, despite milder business sentiment, while government spending also gathered momentum. The external sector, meanwhile, made a neutral contribution to growth in Q2, as imports fell amid the Eurozone’s industrial pullback. Looking at the third quarter, sequential data presents a mixed bag. Consumer sentiment continued to recover from the ‘gilet jaunes’ crisis and reached an 18-month high in July, boding well for spending; however, business sentiment weakened, especially in the manufacturing sector, amid persistent trade tensions and a gloomier regional backdrop.
France - Current Account Data
|Current Account (% of GDP)||-0.5||-1.0||-0.4||-0.5||-0.6|
5 years of economic forecasts for more than 30 economic indicators.
France Current Account Chart
Source: Bank of France and FocusEconomics calculations.
|Bond Yield||-0.37||0.46 %||Sep 04|
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||5,532||-0.29 %||Sep 04|
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September 12, 2019
Consumer prices rose 0.5% month-on-month in August, contrasting July’s 0.2% month-on-month drop.
September 4, 2019
The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) edged up to a nine-month high of 52.9 points in August, from 51.9 points in July.
August 30, 2019
Consumer prices rose 0.5% month-on-month in August, contrasting July’s 0.2% month-on-month drop, according to a preliminary estimate released by the Statistical Institute (INSEE).
August 29, 2019
According to a comprehensive estimate released by the French Statistical Institute (INSEE) on 29 August, GDP increased a seasonally-adjusted 0.3% in Q2 from the previous quarter, up from the preliminary estimate of 0.2% growth and matching Q1’s reading.
August 27, 2019
In August, the French Statistical Institute’s (INSEE) business climate indicator for the manufacturing sector rose by 1 point to 102 points.