Trade Balance in France
France - Trade BalanceAvailable data suggests the economy is shrinking at a faster rate in the second quarter, on the heels of the steepest contraction on record in the first quarter. Domestic demand is being ravaged by Covid-19: Rising unemployment, social distancing measures and business closures are all hammering consumption and investment, as signaled by marked deteriorations in survey-based indicators in April–May. With the flight and motor industries being particularly hard hit by the crisis, in the past few weeks the government moved to support large French companies by providing a EUR 7.0 billion loan to air carrier France–KLM and a EUR 5.0 billion loan to car producer Renault. Amid a deteriorating fiscal backdrop and shrinking economic activity, on 15 May Fitch Ratings revised France’s outlook to negative, maintaining an AA rating. Meanwhile, in politics, President Emmanuel Macron lost his parliamentary majority on 19 May, thus hindering the approval of his controversial pension reform.
France - Trade Balance Data
|Trade Balance (USD billion)||-32.1||-36.0||-51.3||-57.5||-52.5|
5 years of economic forecasts for more than 30 economic indicators.
France Trade Balance Chart
Source: Bank of France.
|Bond Yield||0.08||0.46 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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July 10, 2020
Industrial production rose 19.6% month-on-month in seasonally-adjusted terms in May (April: -20.6% mom).
July 3, 2020
The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) rose to 51.7 in June, after May’s 32.1.
June 30, 2020
In June, consumer prices edged down 0.1%, contrasting a 0.1% increase in May according to a preliminary release by the Statistical Institute (INSEE).
June 26, 2020
In June, consumer sentiment rose to 97 from 93 in May, according to the Statistical Institute (INSEE).
June 24, 2020
In June, the French Statistical Institute’s (INSEE) business climate indicator for the manufacturing sector rose to 77 from 71 in May.