France Other


France: French parliament approves reform despite strikes

October 27, 2010

On 26 October, the French parliament approved President Nicolas Sarkozy's pension reform plan, which would raise the minimum retirement age from 60 to 62 and the full retirement age from 65 to 67. In response to these changes, labour unions have announced further strikes, continuing a series of protests since early September. In October, strikes were focused in the oil sector and brought French oil refining and distribution to a virtual standstill. However, with the approval of the bill the strikes seem to have turned a corner, as workers at eight of 12 refineries voted to return to work by 29 October. Finance Minister Christine Lagarde stated that the protests and strikes cost the country between EUR 200 million and EUR 400 million (USD 280 - 560 million) a day. That said, Lagarde added that the protests would not alter the country's economic growth forecast for 2010.


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France Economic News

  • France: Business confidence reaches six-month high in May

    May 23, 2019

    In May, the National Institute of Statistics and Economic Studies’ (INSEE) business-climate indicator for the manufacturing sector climbed 4 points from a month earlier to land at 104 points—a six-month high.

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  • France: Private-sector activity growth hits six-month high in May

    May 23, 2019

    The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) jumped to 51.3 points in May, climbing from 50.1 points in April and signaling the fastest private-sector activity growth in six months. May’s upturn reflected stronger services-sector activity once again offset by a fall in manufacturing output—although the pace of losses slowed somewhat from April.

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  • France: Inflation edges up in April

    May 15, 2019

    On 15 May, the Statistical Institute (INSEE) reported that consumer prices rose 0.3% from a month earlier in April (March: +0.8% month-on-month).

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  • France: Industrial output falls in March

    May 10, 2019

    Industrial output contracted 0.9% month-on-month and in seasonally-adjusted terms in March, on the heels of a revised 0.1% month-on-month expansion in February (previously reported: +0.4% month-on-month s.a.).

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  • France: Growth steady through Q1

    April 30, 2019

    France’s economy grew 0.3% quarter-on-quarter and in seasonally-adjusted terms in the first quarter, according to a first estimate released by the Statistical Institute (INSEE).

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