Current Account in France

France Current Account | Economic News & Forecasts

France - Current Account

Revised national accounts data confirmed that the French economy decelerated at a faster-than-expected pace in the first quarter of the year. The GDP figure was dragged down by slower growth in fixed investment and exports, and the deceleration put an end to a sequence of five quarters of robust expansion. The latest data from the second quarter shows a diverging picture of the economy, with survey-based data positive but hard data remaining disappointing. Industrial production contracted for the second consecutive month in April, while sentiment in the manufacturing industry remained steady at a high level in June. On the political scene, the senate voted into law on 14 June a bill reforming the state-run train operator. The law, which opens the sector to private competition and cuts employee benefits, represents an important victory for Emmanuel Macron’s economic liberalization reform drive. The government is now planning to sell stakes in public-private enterprises to increase revenue and reduce fiscal spending.

France - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-0.5  -1.0  -0.4  -0.8  -0.5  

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France Current Account Chart


France Current Account
Note: Current account balance as % of GDP.
Source: Bank of France and Met the why particular calculations.

France Facts

ValueChangeDate
Bond Yield0.570.46 %Jul 13
Exchange Rate1.170.65 %Jul 13
Stock Market5,429-0.29 %Jul 13

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