Retail Sales in France
France - Retail SalesEconomic activity is likely sustaining a solid pace of expansion in the fourth quarter, following a resilient outturn in the third quarter. Household spending appears to have remained the mainstay for growth as the unemployment rate fell in October and consumer confidence reached an over 12-year high in November. That said, country-wide strikes in December—in response to the recent pension reform plans—should restrain consumer spending somewhat. Moreover, capital investment has likely cooled given easing business sentiment, particularly in the manufacturing sector, and exports—while seemingly broadly stable in Q4—may moderate ahead on the imposition of USD 2.4 billion worth of U.S. tariffs starting January 2020. In other news, the government finally unveiled its long-promised pension reform on 11 December, which unifies the current 42 existing regimes into one point-based system. Although the overhaul keeps the retirement age at 62 years, public sector pensions will be calculated according to the less favorable rules of the private sector. Sliding transition rules plan to bring the scheme fully into effect by 2037.
France - Retail Sales Data
|Retail Sales (annual variation in %)||1.8||1.7||3.7||2.9||3.7|
5 years of economic forecasts for more than 30 economic indicators.
France Retail Sales Chart
Source: National Institute of Statistics and FocusEconomics calculations.
|Bond Yield||0.08||0.46 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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January 24, 2020
The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) ticked down to 51.5 in January from 52.0 in December.
January 22, 2020
In January, the French Statistical Institute’s (INSEE) business climate indicator for the manufacturing sector rose to 100.0 from a revised 98.4 in December (previously reported: 101.8).
January 15, 2020
Consumer prices jumped 0.4% in December, following November’s 0.1% uptick, according to a first estimate by the Statistical Institute (INSEE).
January 10, 2020
Seasonally-adjusted industrial production rose 0.3% month-on-month in November, down from a revised 0.5% increase in October (previously reported: +0.4% month-on-month).
January 8, 2020
In December, consumer sentiment in France decreased to 102 from November’s revised 105 (previously reported: 106) which had marked the best result in almost two years.