Exchange Rate in France
France - Exchange RateRevised 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 - Exchange Rate Data
|Exchange Rate (vs USD)||1.38||1.21||1.09||1.05||1.20|
5 years of economic forecasts for more than 30 economic indicators.
France Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||0.57||0.46 %||Jul 13|
|Exchange Rate||1.17||0.65 %||Jul 13|
|Stock Market||5,429||-0.29 %||Jul 13|
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June 27, 2018
The consumer confidence indicator produced by the National Institute of Statistics and Economic Studies (INSEE) decreased to 97 points in June, the lowest print in nearly two years (May: 99 points, previously reported: 110 points).
June 22, 2018
The IHS Markit flash composite Purchasing Managers’ Index (PMI) rose from 54.2 in May to 55.6 in June.
June 21, 2018
The National Institute of Statistics and Economic Studies’ (INSEE) business sentiment index for the manufacturing sector remained steady in June at May’s revised 111 points (previously reported: 119 points).
June 14, 2018
Revised data released by the National Statistical Institute (INSEE) on 14 June showed that consumer price growth picked up from the 0.2% month-on-month increase recorded in April to a 0.4% rise in May.
June 8, 2018
Industrial production contracted further in March, from a 0.4% month-on-month contraction to a 0.5% decrease in April.