Thursday January 12 2017
France Inflation Rate Confirmed at 0.6% in December
Insee l Rida Husna | rida@tradingeconomics.com

Consumer prices in France rose 0.6 percent year-on-year in December of 2016, following a 0.5 percent gain in November and matching preliminary figures. It was the highest inflation rate since May 2014, as an increase in prices of food, energy and services offset a decline in cost of manufactured products.

Year-on-year, cost increased for: food (+0.7 percent), fresh food (+5.6 percent), tobacco (+0.1 percent), petroleum products (+7.5 percent), actual rentals and services for dwellings (+0.4 percent), transport (+1.0 percent), communication (+2.3 percent) and other services (+1.1 percent). In contrast, cost fell for: clothing and footwear (-0.1 percent), medical products (-2.4 percent), other manufactured products (-0.8 percent) and health services (-0.2 percent). Cost was flat for other food.

On a monthly basis, consumer prices went up 0.3 percent, after remaining unchanged in the prior two months and in line with consensus. Prices increased for: food (+0.1 percent), fresh food (+0.1 percent), medical products (-0.2 percent), clothing and footwear (+0.6 percent), petroleum products (+1.0 percent), actual rentals and services for dwellings (+0.2 percent), transport (+5.1 percent) and other services (+0.3 percent). In contrast, cost fell for: medical products (-0.1 percent), other manufactured products (-0.1 percent) and communication (-0.6 percent). Prices were flat for: other food, tobacco and health services.

In  December, core inflation indicator (ISJ)  dropped by 0.1 percent on the month, following a 0.1 rise in November. Compared to the same month a year earlier, it rose 0.4 percent, following a 0.5 percent rise in the preceding month.

The Harmonized Index of Consumer Prices (HICP) remained unchanged on the month, the same as in the previous two months. Year-on-year, it rose 0.8 percent, compared to a 0.7 percent rise in November.




Friday January 06 2017
France Trade Gap Narrows to 3-Month Low in November
Ministère de l'Économie et des Finances l Rida Husna | rida@tradingeconomics.com

France recorded a trade gap of EUR 4.40 billion in November of 2016, compared to marginally revised EUR 5.15 billion in October while market s expected a EUR 4.90 billion shortfall. It was the smallest deficit since August, as exports rose 5.3 percent to EUR 38.81 billion while imports went up 2.8 percent to EUR 43.19 billion.

In November, sales went up for most categories: ships, trains, bikes (+187.2 percent), aerospace industry products (+21.7 percent), agriculture products (+6.9 percent), electrical and household equipments (+4.3 percent); works of arts, technical documentation, publishing products (+1.2 percent); perfumes, cosmetics, cleaning products (+2.5 percent), metallurgical and metal products (+2.2 percent), wood, paper and cardboard (+3.1 percent); computers, electronic & optical (+2.8 percent); textiles, leather (+0.1 percent), chemicals (+3.8 percent); rubber products, plastics, various minerals (1.6 percent); jewelry, toys, furniture (+3.8 percent), refined oil (+1.8 percent) and natural hydrocarbons (+8.7 percent). In contrast, outbound shipments fell for industrial & agriculture machinery (-0.1 percent). 

Sales were higher to America (+15.0 percent), the EU countries (+4.4 percent), Asia (+4.3 percent) and the Middle-East countries (+1.9 percent). In contrast, exports declined to Africa (-4.5 percent) and the European countries outside EU (-4.0 percent). 

Imports rose for: ships, trains, bikes (+3.3 percent), aerospace industry products (+0.8 percent), electrical and household equipments (+0.2 percent); perfumes, cosmetics, cleaning products (+1.5 percent), metallurgical and metal products (+1.6 percent), wood, paper and cardboard (+2.2 percent); computers, electronic & optical (+2.2 percent); textiles, leather (+0.9 percent), chemicals (+5.3 percent); rubber products, plastics, various minerals (+3.2 percent); jewelry, toys, furniture (+6.4 percent), refined oil (+15.7 percent), automotive products (+3.8 percent) and natural hydrocarbons (+17.1 percent). In contrast, imports fell for: agriculture products (-3.8 percent); works of arts, technical documentation, publishing products (-17.2 percent) and pharmaceuticals (-0.9 percent).




Tuesday January 03 2017
France Inflation Rate at 30-Month High of 0.6% in December
Insee l Rida Husna | rida@tradingeconomics.com

Consumer prices in France are set to rise 0.6 percent year-on-year in December of 2016, following a 0.5 percent gain in November. It was the highest inflation rate since May 2014, as an increase in prices of food, energy and services offset a drop in cost of manufactured products.

Year-on-year, prices of food went up 0.7 percent in December (from +0.3 percent in November). Among food, prices rose for fresh food (+5.5 percent, after a 2.2 percent rise in the prior month) while those of other food dropped (-0.1 percent, compared to a flat reading in November). Cost also increased for energy (+4.3 percent from +2.1 percent) and services (+0.9 percent from + 1.0 percent). In contrast, cost fell for manufactured products (-0.9 percent from -0.6 percent).

On a monthly basis,  consumer prices  are expected to go up 0.3 percent, after remaining unchanged in the previous two months while market estimated a 0.2 percent rise.

The harmonised index of consumer prices are set to increase by 0.8 percent from a year earlier in December, after growing by 0.7 percent in November and faster than consensus of a 0.7 percent gain. On a monthly basis, consumer prices rose 0.2 percent, after remaining unchanged in the preceding two months.


Friday December 23 2016
France GDP Growth Matches Expectations in Q3
Insee l Rida Husna | rida@tradingeconomics.com

France GDP advanced 0.2 percent quarter-on-quarter in the September quarter of 2016, compared to a 0.1 percent contraction in the three months to June and in line with second estimate, final figure showed. Growth was driven by private consumption, government spending and investment while net external demand contributed negatively to the economy.

In the third quarter, household consumption grew by 0.1 percent, after showing no increase in the previous quarter. Government expenditure rose 0.3 percent, compared to 0.4 percent rise in the preceding quarter. Total gross fixed capital formation rose 0.3 percent, following a stagnation in the June quarter. Final domestic demand (excluding changes in inventories) contributed 0.2 points to GDP growth.

Exports increased by 0.7 percent, faster than a 0.1 percent rise in the second quarter. Imports also went up 2.5 percent, following a 1.5 percent contraction in the preceding quarter. The foreign trade balance contributed negatively to the economy (-0.6 points after +0.5 points in the second quarter).  In contrast, changes in inventories contributed positively: +0.6 points after -0.8 points in the June quarter.

Year-on-year, the GDP grew by 1.0 percent, slower than a 1.3 percent expansion in the second quarter and slightly less than second estimate of a 1.1 percent growth.




Wednesday December 14 2016
France Inflation Rate Confirmed at 25-Month High of 0.5%
Insee l Rida Husna | rida@tradingeconomics.com

Consumer prices in France rose 0.5 percent year-on-year in November of 2016, following a 0.4 percent gain in October. It was the highest inflation rate since October 2014, as an increase in prices of food, energy and services offset a fall in cost of manufactured products.

Year-on-year, cost increased for: food (+0.3 percent), fresh food (+2.2 percent), tobacco (+0.1 percent), clothing and footwear (+0.2 percent), petroleum products (+4.1 percent), actual rentals and services for dwellings (+0.3 percent), health services (+0.2 percent), transport (+0.1 percent), communication (+2.9 percent) and other services (+1.3 percent). In contrast, cost fell for: medical products (-2.3 percent) andother manufactured products (-0.4 percent). Cost was flat for other food.

On a monthly basis, consumer prices remained unchanged, the same as in the prior month and matching consensus. Prices were lower for: food (-0.1 percent), fresh food (-0.1 percent), medical products (-0.2 percent), other manufactured products (-0.1 percent), health services (-0.2 percent), transport (-2.4 percent) and communication (-0.3 percent). In contrast, cost rose for: food (+0.1 percent), fresh food (+0.1 percent), other food (+0.2 percent), clothing footwear (+0.1 percent) and petroleum products (+1.3 percent). Prices remained unchanged for: tobacco, actual rental and services for dwellings and other services.

In  November, core inflation indicator (ISJ)  rose 0.1 percent on the month, following a 0.1 drop in October. Compared to the same month a year earlier, it rose 0.5 percent, the same as in the preceding month.

The Harmonized Index of Consumer Prices (HICP) remained unchanged on the month, the same as in October. Year-on-year, it rose 0.7 percent, compared to a 0.5 percent rise in the prior month. 


Wednesday December 07 2016
France Trade Deficit Largest in Over 2 Years
Ministère de l'Économie et des Finances l Rida Husna | rida@tradingeconomics.com

France recorded a trade gap of EUR 5.20 billion in October of 2016, compared to marginally revised EUR 4.79 billion in September. It was the largest deficit since August 2014, as exports fell 0.8 percent to EUR 36.74 billion while imports rose 0.3 percent to EUR 41.94 billion.

In October, sales declined for: aerospace industry products (-17.9 percent), natural hydrocarbons (-10.8 percent); works of arts, technical documentation, publishing products (-4.2 percent), electrical and household equipments (-3.3 percent), agriculture products (-3.0 percent) and metallurgical and metal products (-0.7 percent). In contrast, outbound shipments rose for: refined oil (+4.2 percent), automotive products (+1.4 percent); jewelry, toys, furniture (+6.7 percent), pharmaceuticals (+5.9 percent), chemicals (+1.3 percent), rubber products, plastics, various minerals (+1.6 percent) and wood, paper and cardboard (+1.5 percent).

Sales were lower to the Middle-East countries (-6.6 percent), America (-5.0 percent), Asia (-4.4 percent) and the European countries outside EU (-4.0 percent). In contrast, outbound shipments went up to the EU countries (+1.6 percent) and Africa (+2.4 percent). 

Imports rose for: perfumes, cosmetics, cleaning products (+2.5 percent); ships, trains and bikes (+1.2 percent), textiles, leather (+2.5 percent); works of arts, technical documentation, publishing products (+8.8 percent), metallurgical and metal products (+1.0 percent), natural hydrocarbons (+7.7 percent) and the aerospace industry products (+0.6 percent). In contrast, purchases fell for: refined oil (-10.8 percent), automotive products (-2.1 percent); jewelry, toys, furniture (-0.9 percent), chemicals (-0.6 percent), rubber products, plastics, various minerals (-0.2 percent), industrial & agriculture machinery (-1.5 percent) and agriculture products (-0.3 percent).


Wednesday November 30 2016
France Inflation Rate at 25-Month High of 0.5% in November
Insee l Rida Husna | rida@tradingeconomics.com

Consumer prices in France are set to rise 0.5 percent year-on-year in November of 2016, following a 0.4 percent gain in October. It was the highest inflation rate since October 2014, as an increase in prices of food, energy and services offset a decline in cost of manufactured products.

Year-on-year, prices of food went up 0.3 percent in November (from -0.1 percent in October). Among food, prices rose for fresh food (+2.1 percent, after a flat reading in the prior month) while other food remained unchanged ( from -0.1 percent). Cost also increased for energy (+2.1 percent from +0.7 percent) and services (+1.0 percent from + 1.0 percent). In contrast, cost fell for manufactured products(-0.6 percent from -0.6 percent).

On a monthly basis,  consumer prices  are expected to remain unchanged, the same as in the prior month while market estimated a 0.1 percent fall.

The harmonised index of consumer prices are set to increase by 0.7 percent from a year earlier in November, after growing by 0.5 percent in October and faster than consensus of a 0.6 percent gain. On a monthly basis, consumer prices were unchanged, the same as in a month earlier.


Tuesday November 29 2016
France GDP Growth Confirmed at 0.2% QoQ in Q3
Insee l Rida Husna | rida@tradingeconomics.com

France GDP advanced 0.2 percent quarter-on-quarter in the September quarter of 2016, compared to a 0.1 percent contraction in the three months to June and matching a preliminary figure, second estimate showed. While investment and government spending rose, household consumption stagnated and net external demand contributed negatively to the growth.

In the third quarter, household consumption stalled for the second straight quarter. Government expenditure rose 0.3 percent, compared to 0.4 percent rise in the preceding quarter. Total gross fixed capital formation grew by 0.2 percent, following a stagnation in the June quarter. Final domestic demand (excluding changes in inventories) was virtually stable, contributing 0.1 points to GDP growth.

Exports increased by 0.5 percent, rebounding from a 0.1 percent decline in the second quarter. Imports also went up 2.5 percent, following a 1.7 percent contraction in the preceding quarter. The foreign trade balance contributed negatively to the economy (-0.6 points after +0.5 points in the second quarter).  In contrast, changes in inventories contributed positively: +0.7 points after -0.7 points in the June quarter.

Year-on-year, the GDP grew 1.1 percent, slower than a 1.3 percent expansion in the second quarter and in line with a preliminary estimate.


Thursday November 17 2016
France Jobless Rate Edges Up to 10.0% in Q3
Insee l Rida Husna | rida@tradingeconomics.com

Unemployment rate in France rose to 10.0 percent in the third quarter of 2016 from 9.9 percent in the June quarter.

In metropolitan France only, with 2.8 million people, 9.7 percent of the active population was unemployed, up slightly from 9.6 percent in the previous three months. The unemployment increased among youths and persons aged 50 and over while it fell for men aged 25 to 49. Compared to the previous year, it dropped by 0.4 percentage points. Among inactive people, 1.5 million wish to work but they are not considered as unemployed (unemployment halo). The number of people in the unemployment halo declined by 26,000 quarter-on-quarter in the September quarter and up by 70,000 over a year.

In the September quarter, the employment rate of the population aged 15-64 years stood at 64.6 percent, down 0.1 percentage points compared to the second quarter. Permanent employment rate for people aged 15-64 came in at 48.5 percent, down by 0.3 percentage points quarter-on-quarter and by 0.1 percentage points year-on-year. Meanwhile, fixed term and temporary contracts employment rate stood at 7.4 percent, the same as in the previous quarter and over the year.

The activity rate of people aged 15-64 increased  by 0.1 percentage points to 71.7 percent in the third quarter, which was the same in the September quarter 2015.

About  6.3 percent of the persons employed were underemployed, decreasing by 0.4 percentage points over the quarter. Slack work stood at 0.3 percent of the persons employed (-0.2 percentage points quarter-on-quarter).




Tuesday November 08 2016
France Trade Gap Largest in 5 Months
Ministère de l'Économie et des Finances l Rida Husna | rida@tradingeconomics.com

France recorded a trade gap of EUR 4.80 billion in September of 2016, compared to a downwardly revised EUR 4.2 billion in August while market expected a EUR 4.1 billion gap. It was the largest deficit since April this year, as exports fell 2.2 percent to EUR 37.13 billion while imports declined 0.6 percent to EUR 41.90 billion.

In September, exports went down 2.2 percent month-over-month to EUR 37.13 billion, mainly for: pharmaceuticals (-5.3 percent), automotive products (-7.7 percent); jewelry, toys, furniture (-2.2 percent), metallurgical and metal products (-1.2 percent); textiles, leather (-0.9 percent); wood, paper, cardboard (-1.6 percent); rubber products, plastics, various minerals (-1.5 percent); ships, trains, bikes (-13.6 percent), electrical and household equipment (-1.3 percent), agriculture products (-4.0 percent), refined oil (-10.8 percent), chemicals (-2.8 percent), works of arts (-14.7 percent) and aerospace industry products (-0.4 percent). In contrast, sales rose for: natural hydrocarbons (+18.8 percent) and industrial and agriculture machinery (+1.7 percent).

Sales were lower to the Middle-East countries (-15.1 percent), the EU countries (-2.8 percent), America (-1.9 percent) and Africa (-0.8 percent). In contrast, outbound shipments rose to  the European countries outside EU (+2.2 percent) and Asia (+0.5 percent).

Imports declined 0.6 percent to EUR 41.9 billion, mainly for: pharmaceuticals (-18.0 percent), automotive products (-12.0 percent), natural hydrocarbons (-5.5 percent); jewelry, toys, furniture (-5.9 percent), metallurgical and metal products (-4.3 percent), textiles, leather (-2.7 percent); wood, paper, cardboard (-2.4 percent), ships, trains, bikes (-8.1 percent), electrical and household equipment (-0.7 percent), agriculture products (-1.0 percent) refined oil (-0.7 percent) and chemicals (-1.1 percent. In contrast, imports went up for: industrial and agriculture machinery (+1.6 percent); perfumes, cosmetics and cleaning products (+2.0 percent), works of arts (+7.0 percent) and aerospace industry products +8.9 percent).