Retail Sales in France
France - Retail SalesAlthough fourth-quarter economic growth was undoubtedly bruised by last year’s ‘gilets jaunes’ protests, President Emmanuel Macron’s late-year concessions—including raising the minimum wage and cutting some taxes—appeared to contain the political crisis. Despite an improving labor market, consumer confidence plummeted in December amid the demonstrations. Retailers suffered in tandem, with the protests diverting crucial holiday-shopping sales. Moreover, industrial output fell sharply in November; although it ought to have been a one-off, it left the manufacturing sector reeling, nonetheless. In contrast, domestic demand appeared to be carried through year-end by fixed investment, which likely came away unscathed amid tight industrial capacity and despite flailing optimism among manufacturers. Exports, meanwhile, also look to have held up in recent months despite the relative strength of the euro.
France - Retail Sales Data
|Retail Sales (annual variation in %)||1.8||1.7||3.6||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||0.60||0.46 %||Jan 30|
|Exchange Rate||1.14||0.65 %||Jan 30|
|Stock Market||4,975||-0.29 %||Jan 30|
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April 15, 2019
On 11 April, the Statistical Institute (INSEE) reported that consumer prices rose 0.8% from a month earlier in March (February: +0.0% month-on-month).
April 3, 2019
In March, the seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) dipped back below the 50.0-point threshold, landing at 48.9 points from 50.4 points a month earlier and signaling a deterioration in private-sector activity. March’s reading reflected a drop in output across both the manufacturing and services sectors.
March 27, 2019
Consumer confidence recovered further in March, according to the consumer confidence survey published by the National Institute of Statistics and Economic Studies (INSEE), which climbed 1 point from February to land at 96 points.
March 26, 2019
In March, the National Institute of Statistics and Economic Studies’ (INSEE) business-climate indicator for the manufacturing sector was roughly stable from a month earlier at 102 points (February: 103 points).
March 22, 2019
Industrial output expanded 1.3% from a month earlier and in seasonally-adjusted terms in January, on the heels of a revised flat month-on-month reading in December (previously reported: +0.8% month-on-month s.a.).