Current Account in France
France - Current AccountThe economy unexpectedly contracted in the fourth quarter of last year, after solidly expanding in the third quarter. The downturn chiefly reflected a third consecutive quarterly fall in inventories, as well as a slowdown in household spending as country-wide strikes against President Macron’s pension reform battered consumption. Moreover, fixed investment expanded at the slowest pace since Q1 2018 amid souring business confidence. Meanwhile, on 11 January, policymakers backtracked on increasing the retirement age for a full pension from 62 to 64 years of age, in an attempt to get worker unions behind overhauling the existing 42 pension schemes into one points-based system, which is expected to lower the fiscal burden in the long-term. The bill entered the National Assembly on 3 February, amid plummeting public support for the government.
France - Current Account Data
|Current Account (% of GDP)||-1.0||-0.4||-0.5||-0.6||-0.7|
5 years of economic forecasts for more than 30 economic indicators.
France Current Account Chart
Source: Bank of France and FocusEconomics calculations.
|Bond Yield||0.08||0.46 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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February 21, 2020
The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) edged up to 51.9 in February from 51.1 in January.
February 7, 2020
Seasonally-adjusted industrial production fell 2.8% from the previous month in December, after seeing no growth in November and marking the lowest reading in 23 months.
February 5, 2020
The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) dipped to 51.1 in January from 52.0 in December.
January 31, 2020
Consumer prices fell 0.4% in January after rising 0.4% in December, according to a first estimate by Statistical Institute (INSEE).
January 31, 2020
The economy contracted a seasonally-adjusted 0.1% quarter-on-quarter in the last three months of last year (Q3: +0.3% quarter-on-quarter, seasonally-adjusted), according to a first estimate released by the French Statistical Institute (INSEE) on 31 January.