Retail Sales in France
France - Retail Sales
A marked slowdown in the first half of the year was confirmed in recent weeks, falling short of expectations and moderating from last year’s snappy outturn as weak household spending held back economic gains. Higher inflation amid rising fuel costs, as well as new indirect taxes, ate into consumers’ purchasing power in the second quarter, contributing to this year’s waning consumer sentiment and offsetting the benefits accrued from steady job creation. Moreover, the pullback was worsened by the unraveling of global trade, which hit exports in the quarter and weighed on industrial output and broader business sentiment. Third-quarter prospects, however, look rosier. Although consumer-spending proxies suggest muted growth in recent months, chipper manufacturing metrics point to a further acceleration of business investment. Meanwhile, the next round of Emmanuel Macron’s reform push—set to tackle the pension and health care systems—took flack in recent weeks as he faced another resignation from his cabinet amid a sizeable loss of public support, calling into question his longer-term ability to cut bureaucratic bloat.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 | 0.81 | 0.46 % | Oct 12 |
| Exchange Rate | 1.16 | 0.65 % | Oct 12 |
| Stock Market | 5,096 | -0.29 % | Oct 12 |
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Economic News
France: Inflation steady at six-year high in August
September 13, 2018
On 13 September, the Statistical Institute (INSEE) confirmed earlier estimates that consumer prices rose 0.5% from a month earlier, contrasting the 0.1% month-on-month contraction observed in July.
France: Industrial output ticks higher in July
September 7, 2018
In seasonally-adjusted terms, industrial output rose 0.7% month-on-month in July, in line with June’s reading.
France: Private-sector momentum solid in August
September 5, 2018
In August, the seasonally-adjusted IHS Markit Composite Purchasing Managers’ Index (PMI) rose to 54.9 from 54.4 a month earlier, signaling another solid expansion of business activity across the private sector.
France: Inflation remains steady in August
August 31, 2018
According to preliminary data published by the Statistical Institute (INSEE) on 31 August, consumer prices rose 0.5% from the previous month, contrasting the 0.1% contraction observed in July.
France: Consumer confidence stable in August
August 28, 2018
The consumer confidence indicator produced by the National Institute of Statistics and Economic Studies (INSEE) remained unchanged for the third consecutive month at an almost two-year low of 97 points in August.
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