Unemployment in France
France - UnemploymentGDP nosedived at a record pace in the second quarter as the pandemic dealt a sharp blow to all areas of the economy. Domestic activity was hammered by strict lockdown measures, with household and capital spending plunging significantly. On the external front, a weak global trading environment and disrupted supply chains pummeled exports. Turning to Q3, available data hints at firming activity amid an easing of containment restrictions. Although the composite PMI showed that private sector activity eased somewhat in August from July’s over two-year high, it remained in expansionary territory. Moreover, business sentiment climbed to a five-month high in August, despite the recent surge in new virus cases. In other news, on 22 August, the government confirmed a EUR 100 billion recovery package to reactivate the economy, which will be unveiled in the first week of September.
France - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
France Unemployment Chart
Source: National Institute of Statistics
|Bond Yield||0.08||0.46 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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September 25, 2020
On 3 September, the government unveiled the details of its EUR 100 billion (around 4.0% of GDP) recovery package aiming to revive the French economy from the blow dealt by the Covid-19 pandemic and associated lockdown measures, which led to a sharp contraction in the first half of 2020 (Q1: -5.9% seasonally-adjusted quarter-on-quarter, Q2: -13.8% s.a.
France: Business confidence rises to six-month high in September, albeit remains below long-term average
September 24, 2020
Business confidence climbed to 96 in September, up from August's 93, marking the best result since March.
September 23, 2020
The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) dropped to 48.5 in September, from 51.6 in August, marking the lowest reading since May.
September 15, 2020
Consumer prices fell a seasonally-adjusted 0.10% from the previous month in August, contrasting the 0.38% rise logged in July.
September 10, 2020
Industrial output rose 3.8% month-on-month in seasonally-adjusted terms in July, markedly softer than June’s 13.0% increase.