Current Account in France

France Current Account | Economic News & Forecasts

France - Current Account

A 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

2013  2014  2015  2016  2017  
Current Account (% of GDP)-0.5  -1.0  -0.4  -0.5  -0.6  

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France Current Account Chart

France Current Account
Note: Current account balance as % of GDP.
Source: Bank of France and FocusEconomics calculations.

France Facts

Bond Yield-0.370.46 %Sep 04
Exchange Rate1.100.65 %Sep 04
Stock Market5,532-0.29 %Sep 04

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