Current Account in France
France - Current AccountThe economy likely kept pace in the third quarter, after outperforming most of its European peers in the first half of the year. Household spending is expected to have accelerated in Q3 amid a sharp pick-up in consumer sentiment, an over one-decade low unemployment rate and subdued inflation; however, consumers’ relatively high saving intentions call for caution. Conversely, fixed investment growth likely moderated in the quarter as souring confidence in manufacturing deterred new projects, while flat merchandise export growth in July–August suggests that the challenging external environment continued to take its toll. In politics, Macron’s proposed pension reform, which aims to unify the numerous pension schemes and lower the retirement age, sparked backlash in September and threatens to rekindle civil unrest. Meanwhile, the government published its draft budget law on 27 September, which projects the lowest deficit in two decades, while also delivering modest expansionary policies.
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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November 14, 2019
Consumer prices saw no month-on-month growth in October, following September’s 0.3% fall, according to a second estimate by the Statistical Institute (INSEE).
November 8, 2019
Seasonally-adjusted industrial production rose 0.3% month-on-month in September, contrasting August’s 0.9% decline.
November 6, 2019
The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) rose to 52.6 in October, rebounding from September’s 50.8.
October 31, 2019
Consumer prices dipped 0.1% month-on-month in October, up slightly from September’s 0.3% fall, according to a preliminary estimate by the Statistical Institute (INSEE).
October 30, 2019
The economy grew a seasonally-adjusted 0.3% quarter-on-quarter in the third quarter, landing on Consensus and matching the expansions recorded in the previous two quarters according to a first estimate released by the French Statistical Institute (INSEE) on 30 October.