Exchange Rate in France
France - Exchange RateIncoming data suggests the economy had a strong start to the third quarter, on the heels of a stable growth rate in the second quarter. Notably, household spending likely bolstered growth in Q3, as signaled by rising consumer optimism in July–August amid a multi-year low unemployment rate at the start of the quarter and easing inflation. Moreover, industrial production rebounded in July on a recovery in capital goods output, which, coupled with an expansionary PMI in August, bodes well for private sector activity. However, the flat growth in merchandise exports in the same month suggests the external sector is feeling the pinch of a weak EU economy. In politics, the government is expected to present the 2020 budget on 25 September, which, despite the announced household tax cuts, should lower the deficit to 2.1%–2.2% of GDP, from the 3.1% of GDP shortfall the government expects for this year.
France - Exchange Rate Data
|Exchange Rate (vs USD)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
France Exchange Rate Chart
Source: Thomson Reuters.
|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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October 18, 2019
On 27 September, the French government presented its draft 2020 budget, which estimates a deficit of 2.2% of GDP. This is well below the 3.1% of GDP projected this year and would mark the lowest deficit since 2001; however, it is still short of the previously planned 2.0% of GDP shortfall, while the marked reduction of the deficit stems from the absence of a one-off accounting cost owing to the transition to a new tax scheme.
October 15, 2019
Consumer prices fell 0.3% month-on-month in September, contrasting August’s 0.5% rebound, according to the Statistical Institute (INSEE).
October 10, 2019
Seasonally-adjusted industrial production decreased 0.9% month-on-month in August, contrasting the 0.3% expansion recorded in July.
October 3, 2019
The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) fell to 50.8 in September from 52.9 in August, which presented a nine-month high.
September 27, 2019
Consumer prices fell 0.3% month-on-month in September, contrasting August’s 0.5% increase, according to the the Statistical Institute (INSEE).