Exchange Rate in France
France - Exchange RateThe economy grew at a mild rate in Q2, improving from Q1’s flat reading, as the gradual rollback of Covid-19-related curbs released pent-up demand. Household and capital spending rose at an accelerated pace, while government consumption rebounded from Q1’s contraction. Meanwhile, despite exports returning to growth in Q2, the external sector continued to weigh on the headline reading—albeit to a lesser extent—amid a robust expansion in imports. Turning to the third quarter, activity should have gained momentum, as evidenced by economic sentiment reaching an over two-decade high in July. Moreover, the composite PMI came in above Q2’s average in July–August, signaling solid growth in both the manufacturing and services sectors. Lastly, on 19 August, the European Commission disbursed a first tranche of EUR 5.1 billion from the recovery fund allocated to the country, boding well for activity ahead.
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||0.08||0.46 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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August 31, 2021
According to a flash estimate, consumer prices rose 0.61% in August over the previous month, accelerating from the 0.06% increase recorded in July.
August 31, 2021
A second reading of national accounts data revealed that the economy expanded 1.1% in the second quarter of the year, slightly above the preliminary estimate of a 0.9% increase.
August 27, 2021
Consumer confidence dipped to 99 in August, following 100 in July, marking the lowest reading since May.
August 26, 2021
Business confidence came in at 110 in August, marginally above 109 in July, marking the highest reading since June 2018.
August 23, 2021
The IHS Markit Flash Purchasing Managers’ Index (PMI) fell to 55.9 in August from 56.6 in July, marking the lowest reading in four months.