Retail Sales in France
France - Retail Sales
Growth held steady in Q1, largely thanks to fiscal measures unveiled to quell the ‘gilet jaunes’ protests, which erupted late last year. Domestically, a tax break and handouts at the outset of the year, coupled with further gains in employment, fostered a rebound in household spending in Q1. Fixed investment, however, softened on lower residential construction activity. Turning to Q2, the announcement of a second round of fiscal stimulus, combined with continued labor market tightening and low inflation, is likely to support consumption. Meanwhile, President Emmanuel Macron’s privatization plans were thrown into doubt in recent weeks after the opposition blocked his proposal to sell the government’s controlling stake in Aéroports de Paris. Macron’s narrow defeat in the European parliamentary elections is, however, likely to encourage him to press on with other sorely-needed reforms.France - Retail Sales Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Retail Sales (annual variation in %) | 1.8 | 1.7 | 3.6 | 2.9 | 3.7 |
France Retail Sales Chart
Source: National Institute of Statistics and FocusEconomics calculations.
France Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.09 | 0.46 % | Jun 14 |
| Exchange Rate | 1.12 | 0.65 % | Jun 14 |
| Stock Market | 5,368 | -0.29 % | Jun 14 |
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Economic News
France: Domestic demand bounces back, propels growth in Q1
June 3, 2019
France’s economy grew a seasonally-adjusted 0.3% quarter-on-quarter in the first quarter, according to a comprehensive estimate released by the Statistical Institute (INSEE) on 29 May.
France: Domestic demand bounces back, propels growth in Q1
May 29, 2019
France’s economy grew a seasonally-adjusted 0.3% quarter-on-quarter in the first quarter, according to a comprehensive estimate released by the Statistical Institute (INSEE) on 29 May.
France: Consumer confidence rises in May
May 29, 2019
Consumer confidence rose in May, according to the consumer confidence survey published by the National Institute of Statistics and Economic Studies (INSEE), which ticked up 3 points from April to land at 99 points.
France: Business confidence reaches six-month high in May
May 23, 2019
In May, the National Institute of Statistics and Economic Studies’ (INSEE) business-climate indicator for the manufacturing sector climbed 4 points from a month earlier to land at 104 points—a six-month high.
France: Private-sector activity growth hits six-month high in May
May 23, 2019
The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) jumped to 51.3 points in May, climbing from 50.1 points in April and signaling the fastest private-sector activity growth in six months. May’s upturn reflected stronger services-sector activity once again offset by a fall in manufacturing output—although the pace of losses slowed somewhat from April.
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