Retail Sales in France
France - Retail Sales
Additional fiscal measures unveiled in April appear to have blown wind into the economy’s sails in the second quarter. Domestically, consumer sentiment and, in turn, household spending should have benefited from an announced EUR 27 billion tax cut package over the next five years and sustained labor market tightening. Meanwhile, positive business sentiment should have supported capital investment, although industrial weaknesses in the Eurozone and the looming threat of U.S. tariffs likely took their toll. On the external side, despite sluggish regional demand, the trade deficit narrowed in May. In politics, on 11 July, the upper house approved a 3.0% levy on sales of the largest digital companies operating in the country. Meanwhile, on 18 July, President Macron presented his pensions reform, which proposes raising the retirement age to 64 by 2025, from 62 today, and risks confrontation with unions.France - Retail Sales Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Retail Sales (annual variation in %) | 1.8 | 1.7 | 3.7 | 2.9 | 3.7 |
France Retail Sales Chart
Source: National Institute of Statistics and FocusEconomics calculations.
France Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.18 | 0.46 % | Jul 31 |
| Exchange Rate | 1.11 | 0.65 % | Jul 31 |
| Stock Market | 5,519 | -0.29 % | Jul 31 |
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Economic News
France: Private-sector activity improves in July
August 22, 2019
The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) inched up to 52.7 points in August, from 51.9 points in July, and remained above the 50-point threshold that separates expansion from contraction in business conditions.
France: Inflation edges down in July
August 14, 2019
Consumer prices decreased 0.2% month-on-month in July (June: +0.2% month-on-month), the lowest reading in six months, according to an estimate released by the Statistical Institute (INSEE).
France: Industrial output sinks to over-one-year low in June
August 9, 2019
Seasonally-adjusted industrial output contracted 2.3% month-on-month in June, an over-year low, contrasting a 2.0% increase in May.
France: Private-sector activity growth moderates in July
August 5, 2019
The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) inched down to 51.9 points in July, from 52.7 points in June, and remained above the 50-point threshold that separates expansion from contraction in business conditions.
France: Inflation edges down in July
July 31, 2019
Consumer prices decreased 0.2% month-on-month in July (June: +0.2% month-on-month), the lowest reading in six months, according to a provisional estimate released by the Statistical Institute (INSEE).
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