Current Account in France
France - Current AccountFourth-quarter growth was modest but resilient, stable from a quarter earlier despite the social unrest of last year’s ‘gilets jaunes’ protests. Domestic demand was rocked by the demonstrations: Household spending stalled, while fixed-capital spending was hit by a drop-off in household investment. External demand beyond the Eurozone, on the other hand, was upbeat and helped offset the domestic woes. Particularly, export growth jumped on heavy-equipment deliveries. Available current-quarter indicators, meanwhile, depict uneven terrain. Economic sentiment appeared on the mend through February. That said, although industrial output hinted at a turnaround in January, private-sector activity has thus far been hit-and-miss. Moreover, Emmanuel Macron’s skirmish with protestors continues to weigh on the economy, and his political agenda looks increasingly untenable in the run-up to European elections in May.
France - Current Account Data
|Current Account (% of GDP)||-0.5||-1.0||-0.4||-0.8||-0.5|
5 years of economic forecasts for more than 30 economic indicators.
France Current Account Chart
Source: Bank of France and Met the why particular calculations.
|Bond Yield||0.35||0.46 %||Apr 12|
|Exchange Rate||1.13||0.65 %||Apr 12|
|Stock Market||5,503||-0.29 %||Apr 12|
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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 112 points (February: 113 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.).