Current Account in France
France - Current Account (billions of Euros)The economy expanded at the fastest quarterly pace in more than three decades in the third quarter, mainly due to stronger private and public consumption growth. Private spending was buoyed by a tighter labor market and more upbeat consumer sentiment. Less positively, fixed investment contracted marginally in the period, despite a rise in business confidence. Turning to Q4, the economic backdrop has deteriorated. The government recently tightened travel restrictions for unvaccinated arrivals, which could weigh on activity. Moreover, while authorities have so far ruled out another lockdown, tougher restrictions for unvaccinated people remain under consideration. Furthermore, consumer sentiment turned pessimistic in October, which, coupled with rising price pressures, bodes ill for household consumption. In addition, the PMI cooled further, despite rising business confidence in the same month.
France - Current Account (EUR bn) Data
|Current Account Balance (EUR bn)||-8.1||-10.9||-17.6||-13.2||-16.2|
5 years of economic forecasts for more than 30 economic indicators.
France Current Account (EUR bn) 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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November 24, 2021
Business confidence came in at 109.2 in November, up from 107.1 in October.
November 23, 2021
The IHS Markit Flash Purchasing Managers’ Index (PMI) came in at 56.3 in November up from 54.7 in October, on the back of a sharp improvement in services activity.
November 12, 2021
Consumer prices rose 0.41% in October over the previous month, swinging from September's 0.22% drop.
November 10, 2021
Industrial output slid 1.3% in month-on-month seasonally-adjusted terms in September, which contrasted August's 1.0% increase.
October 29, 2021
According to a preliminary estimate, GDP grew a robust 3.0% on a seasonally-adjusted quarter-on-quarter basis in the third quarter, overshooting market analysts’ expectations of a 2.1% expansion (Q2: +1.3% s.a.