Exchange Rate in France
France - Exchange Rate (average of period)First-quarter growth is expected to have been spared a shellacking; although economic sentiment has failed to meaningfully recover since the eruption of the ‘gilet jaunes’ protests late last year, recent fiscal measures appear to have largely contained the economic fallout. Moreover, consumption and investment proxies hint that a nascent turnaround is afoot domestically. Survey-based readings, however, suggest that sluggishness throughout the Eurozone is set to continue buffeting exports. Hoping to move his political agenda beyond the waning demonstrations, Emmanuel Macron unveiled a second round of concessions to protestors in late April. New tax cuts worth close to EUR 5 billion and to be financed by spending cuts are expected to cushion household spending over the short-term. Analysts, however, are skeptical of the president’s ability to fully pay for them and now see this year’s fiscal deficit at 3.2% of output.
France - Exchange Rate (aop) Data
|Exchange Rate (vs USD, aop)||1.33||1.33||1.11||1.11||1.13|
5 years of economic forecasts for more than 30 economic indicators.
France Exchange Rate (aop) Chart
Source: Thomson Reuters.
|Bond Yield||0.33||0.46 %||May 13|
|Exchange Rate||1.12||0.65 %||May 13|
|Stock Market||5,263||-0.29 %||May 13|
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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.
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 114 points—a six-month high.
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).
May 11, 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.).
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).