France News, Economy & Financial Markets

MacroVar analyzes in real-time economic, financial and geopolitical developments for France's economy and financial markets by monitoring financial, economic data and real-time news. To help you forecast and analyze economic and financial developments, our team provides you with free explanation of the theory and structure of our models and access to financial and economic data.

France Markets Overview

Overview presents a real-time snapshot of financial and economic developments in France. The France stock market, bonds, currency and credit market dynamics are analyzed along with Canada macroeconomic dynamics.

Symbol	Price	1D%
CAC 40 (FCHI)	8161.41	-0.5
France 10-Year Bond Yield	2.88	-0.6
France 2-year bond yield	3	0
manufacturing pmi	42	-2
services pmi	45.7	1

Symbol	Price	1D%
AXA Credit Default Swaps	72.75	7.8
Societe Generale Credit Default Swaps	121.75	8.7
France Credit Default Swaps	23.76	-0.1
CAC 40 (FCHI)	8161.41	-0.5
iShares MSCI France ETF (EWQ)	41.84	1.5
France 10-Year Bond Yield	2.88	-0.6
France 2-year bond yield	3	0
France Yield Curve	-0.11	18.1
FOAT France 10Y Bonds	127.59	0
France 5-Year Bond Yield	0	0
France 2s5s	0	0

Symbol	Price	1D%
building permits	27761	-16
business confidence	100	1
car registrations	181011	0
composite pmi	44.8	0
construction pmi	42.6	-4
consumer confidence	88.75	1
gdp growth annual	0.6	-50
housing index	132.33	-1
industrial production	0.64	-69
inflation cpi	3.5	-12
manufacturing pmi	42	-2
new home sales	12761	-30
retail sales annual	-3.8	46
services pmi	45.7	1
unemployment rate	7.4	-7
zew economic sentiment index	66.7	5
Construction - Confidence	-7.3	22
Consumer - Confidence	-13.5	-19
Manufacturing - Confidence	-8.9	-3
Retail - Confidence	-15.4	11
Services - Confidence	-0.5	-38
ESI - Economic Composite	96.1	2

France Economic Sectors

Economic sectors analyzes in detail the dynamics of the French economy by economic sector and subsector based on data obtained from Eurostat. Explore MacroVar macroeconomic calculations.

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Sector

Last

Trend

Momentum

1-Year History

M/M

Q/Q

Y/Y

Subsectors

Details

General Economic Conditions

96.1

94.1

Subsector	Last	Previous	Trend	Momentum	1 Year	M/M	Q/Q	Y/Y

Description

The economic sentiment indicator (ESI) is a composite indicator produced by the Directorate General for Economic and Financial Affairs (DG ECFIN) of the European Commission. Its objective is to track GDP growth at Member states, EU and euro area levels. The ESI is a weighted average of the balances of replies to selected questions addressed to firms in five sectors covered by the EU Business and Consumer Surveys and to consumers. The sectors covered are industry (weight 40 %), services (30 %), consumers (20 %), retail (5 %) and construction (5 %). Balances are constructed as the difference between the percentages of respondents giving positive and negative replies. EU and euro-area aggregates are calculated on the basis of the national results and seasonally adjusted. The ESI is scaled to a long-term mean of 100 and a standard deviation of 10. Thus, values above 100 indicate above-average economic sentiment and vice versa. Data are seasonally adjusted (SA). Further details on the construction of the ESI can be found in the user guide of the Joint Harmonised EU Programme of Business and Consumer Surveys.

Manufacturing sector

-8.9

-9.2

-3

-24

-2

Subsector	Last	Previous	Trend	Momentum	1 Year	M/M	Q/Q	Y/Y
Manufacturing of food products - Composite	Get Premium Access to Subsector Analytics
Manufacturing of beverages - Composite	Get Premium Access to Subsector Analytics
Manufacturing of tobacco products - Composite	Get Premium Access to Subsector Analytics
Manufacturing of textiles - Composite	Get Premium Access to Subsector Analytics
Manufacturing of wearing apparel - Composite	Get Premium Access to Subsector Analytics
Manufacturing of leather and related products - Composite	Get Premium Access to Subsector Analytics
Manufacturing of wood products (except furniture) - Composite	Get Premium Access to Subsector Analytics
Manufacturing of paper and paper products - Composite	Get Premium Access to Subsector Analytics
Printing and recorded media - Composite	Get Premium Access to Subsector Analytics
Manufacturing of coal and petroleum products - Composite	Get Premium Access to Subsector Analytics
Manufacturing of chemicals and chemical products - Composite	Get Premium Access to Subsector Analytics
Manufacturing of pharmaceutical products - Composite	Get Premium Access to Subsector Analytics
Manufacturing of rubber and plastic products - Composite	Get Premium Access to Subsector Analytics
Manufacturing of other non-metallic mineral products - Composite	Get Premium Access to Subsector Analytics
Manufacturing of basic metals - Composite	Get Premium Access to Subsector Analytics
Manufacturing of fabricated metal products - Composite	Get Premium Access to Subsector Analytics
Manufacturing of computer, electronic and optical products - Composite	Get Premium Access to Subsector Analytics
Manufacturing of electrical equipment - Composite	Get Premium Access to Subsector Analytics
Manufacturing of machinery and equipment - Composite	Get Premium Access to Subsector Analytics
Manufacturing of motor vehicles, trailers - Composite	Get Premium Access to Subsector Analytics
Manufacturing of other transport equipment - Composite	Get Premium Access to Subsector Analytics
Manufacturing of furniture - Composite	Get Premium Access to Subsector Analytics
Other manufacturing - Composite	Get Premium Access to Subsector Analytics
Repair and installation of machinery & equipment - Composite	Get Premium Access to Subsector Analytics

Description
The monthly tendency survey provides a quick and up-to-date overview of actual conditions and expectations within the manufacturing industries. The survey is directly connected to and defined by the Business and Consumer Survey joint harmonized program as managed by the Directorate-Generale for Economic and Financial Affairs (DG ECFIN), European Commission.

Services sector

-0.5

-0.8

-38

-75

-114

Subsector	Last	Previous	Trend	Momentum	1 Year	M/M	Q/Q	Y/Y
Architectural, engineering, technical analysis - Composite	Get Premium Access to Subsector Analytics
Land transport & transport via pipelines - Composite	Get Premium Access to Subsector Analytics
Water transport - Composite	Get Premium Access to Subsector Analytics
Air transport - Composite	Get Premium Access to Subsector Analytics
Warehousing and Support activities - Composite	Get Premium Access to Subsector Analytics
Postal and courier activities - Composite	Get Premium Access to Subsector Analytics
Accommodation - Composite	Get Premium Access to Subsector Analytics
Food & Beverage Service activities - Composite	Get Premium Access to Subsector Analytics
Publishing activities - Composite	Get Premium Access to Subsector Analytics
Video, TV, Sound, Music Activities - Composite	Get Premium Access to Subsector Analytics
Programming & broadcasting activities - Composite	Get Premium Access to Subsector Analytics
Telecommunications - Composite	Get Premium Access to Subsector Analytics
Computer programming & consulting - Composite	Get Premium Access to Subsector Analytics
Information Service activities - Composite	Get Premium Access to Subsector Analytics
Financial service activities (insurance & pension funds excluded) - Composite	Get Premium Access to Subsector Analytics
Insurance, reinsurance, pension funding - Composite	Get Premium Access to Subsector Analytics
Support Financial Services & Insurance Activities - Composite	Get Premium Access to Subsector Analytics
Real estate activities - Composite	Get Premium Access to Subsector Analytics
Legal & Accounting activities - Composite	Get Premium Access to Subsector Analytics
Management, Consulting and Administration Activities - Composite	Get Premium Access to Subsector Analytics
Scientific research & development - Composite	Get Premium Access to Subsector Analytics
Advertising & market research - Composite	Get Premium Access to Subsector Analytics
Other professional, scientific & technical activities - Composite	Get Premium Access to Subsector Analytics
Veterinary activities - Composite	Get Premium Access to Subsector Analytics
Rental & leasing activities - Composite	Get Premium Access to Subsector Analytics
Employment activities - Composite	Get Premium Access to Subsector Analytics
Travel services - Composite	Get Premium Access to Subsector Analytics
Security & investigation activities - Composite	Get Premium Access to Subsector Analytics
Buildings and landscape services - Composite	Get Premium Access to Subsector Analytics
Admnistration, office support, business support activities - Composite	Get Premium Access to Subsector Analytics
Creative, arts & entertainment activities - Composite	Get Premium Access to Subsector Analytics
Libraries, Archives, Museums, Cultural activities - Composite	Get Premium Access to Subsector Analytics
Gambling & betting activities - Composite	Get Premium Access to Subsector Analytics
Sports activities, amusement activities - Composite	Get Premium Access to Subsector Analytics
Membership organisations activities - Composite	Get Premium Access to Subsector Analytics
Repair of personal and household goods - Composite	Get Premium Access to Subsector Analytics
Other personal service activities - Composite	Get Premium Access to Subsector Analytics

Description

The monthly tendency survey provides a quick and up-to-date overview of actual conditions and expectations within the Services. The survey is directly connected to and defined by the Business and Consumer Survey joint harmonized programme as managed by the Directorate-Generale for Economic and Financial Affairs (DG ECFIN), European Commission. Within same programme is also carried out monthly tendency surveys on Manufacturing Industries, Construction, Retail Trade and Consumer expectations as well as the biannual survey on Manufacturing Industry Investments.

Retail sector

-15.4

-13.9

305

285

Subsector	Last	Previous	Trend	Momentum	1 Year	M/M	Q/Q	Y/Y
Trade & repair of motor vehicles & motorcycles - Composite	Get Premium Access to Subsector Analytics
Sale of motor vehicles - Composite	Get Premium Access to Subsector Analytics
Maintenance of motor vehicles & sale of accessories - Composite	Get Premium Access to Subsector Analytics
Retail trade (motor vehicles & motorcycles excluded) - Composite	Get Premium Access to Subsector Analytics
Retail sale of Food, Beverages, Tobacco - Composite	Get Premium Access to Subsector Analytics
Retail sale of automotive fuel - Composite	Get Premium Access to Subsector Analytics
Retail sale of other goods - Composite	Get Premium Access to Subsector Analytics

Description

The monthly tendency survey provides a quick and up-to-date overview of actual conditions and expectations within the retail trade. The survey is directly connected to and defined by the Business and Consumer Survey joint harmonized programme as managed by the Directorate-Generale for Economic and Financial Affairs (DG ECFIN), European Commission. Within same programme is also carried out monthly tendency surveys on Manufacturing Industries, Construction, Services and Consumer expectations as well as the biannual survey on Manufacturing Industry Investments.

Consumer sector

-13.5

-16.6

-19

-9

-28

Subsector	Last	Previous	Trend	Momentum	1 Year	M/M	Q/Q	Y/Y

Description

The purpose of the tendency survey for the consumer industry is to provide a fast and up-to-date picture of conditions and expectations in the consumer industry. The survey is directly connected to and defined by the Business and Consumer Survey joint harmonized programme as managed by the Directorate-Generale for Economic and Financial Affairs (DG ECFIN), European Commission. Within same programme is also carried out monthly tendency surveys on Manufacturing Industries, Construction, Services and Consumer expectations as well as the biannual survey on Manufacturing Industry Investments.

Construction sector

-7.3

-6.0

-262

Subsector	Last	Previous	Trend	Momentum	1 Year	M/M	Q/Q	Y/Y
Construction of buildings - Composite	Get Premium Access to Subsector Analytics
Civil engineering - Composite	Get Premium Access to Subsector Analytics
Specialised construction activities - Composite	Get Premium Access to Subsector Analytics

Description

The purpose of the tendency survey for the construction industry is to provide a fast and up-to-date picture of conditions and expectations in the construction industry. The survey is directly connected to and defined by the Business and Consumer Survey joint harmonized programme as managed by the Directorate-Generale for Economic and Financial Affairs (DG ECFIN), European Commission. Within same programme is also carried out monthly tendency surveys on Manufacturing Industries, Construction, Services and Consumer expectations as well as the biannual survey on Manufacturing Industry Investments.

Employment dynamics

99.9

102.0

-2

-7

Subsector	Last	Previous	Trend	Momentum	1 Year	M/M	Q/Q	Y/Y

Description
The purpose of the tendency survey for employment is to provide a fast and up-to-date picture of conditions and expectations in employment for the country. The survey is directly connected to and defined by the Business and Consumer Survey joint harmonized programme as managed by the Directorate-Generale for Economic and Financial Affairs (DG ECFIN), European Commission.

France Real-Time News

Newsflow

Time	Headlines	See All News >>
08:11:29	Germany in a new push to get China behind Ukraine peace efforts - WSJ.
08:11:24	ECB’s Lane: Near-term inflation is to fluctuate near the current level.
08:11:24	ECB’s Lane: Even if the near-term inflation outlook is somewhat bumpy, the projected convergence of inflation to the target in 2025 will be underpinned.
08:11:24	ECB’s Lane: Deceleration in wage growth is necessary in order for services inflation to converge to a rate that is consistent with meeting the two per cent target.
08:11:24	ECB’s Lane: While service inflation should decline somewhat in the near term, it is expected to remain relatively elevated for most of this year.
08:11:24	ECB's Lane: There has been much less progress in relation to domestic inflation compared to broader inflation measures.
08:11:24	Stocks Climb in Return Calm as Oil Prices Decline - Europe Market Wrap
08:11:23	ECB's Kazimir: ECB is not committing to any policy path beyond June.
08:11:23	ECB's Kazimir: Economic recovery is taking hold and will accelerate in H2.
08:11:23	ECB's Kazimir: The door is opening for first interest-rate cut in June.
08:11:23	ECB's Rehn: The key ECB interest rates can be lowered in June if inflation slows as expected.
08:11:22	Eurozone Industrial Production February 2024 Full Report
08:11:22	Eurozone Industrial Production YoY Actual -6.4% (Forecast -5.5%, Previous -6.7%)
08:11:22	Eurozone Industrial Production MoM Actual 0.8% (Forecast 0.8%, Previous -3.2%)
08:11:22	ECB Survey of Monetary Analysts - April 2024
08:11:21	ECB's Simkus: Geopolitical shocks such as an escalation in the Israel and Iran conflict could cancel the June rate cut.
08:11:21	ECB's Simkus: I see a chance of a July rate cut following the move in June.
08:11:21	ECB's Simkus: ECB rates will come down both this year and next.
08:11:21	ECB's Simkus: Geopolitival shocks such as an escalation in the Israel and Iran conflict could cancel the June rate cut.
08:11:21	ECB's Simkus: I see a chance of July rate cut following the move in June.

France Economic Calendar

Economic calendar presents real-time updates for actual, forecasts and consensus values of economic indicators and updates related to the France economy.

Time	Imp	Event	Actual	Forecast	Previous
12:50		French 5 Yr OAT Bid-to-Cover	-	-	2.131
12:50		French 5 Yr OAT Yield	-	-	2.64%

France Financial Markets

MacroVar analytics monitors the following France financial markets. MacroVar models monitor a vast of financial and macroeconomic factors affecting each financial market. Click on a specific financial market to get detailed analysis.

Market	Symbol	Last	Mom	Trend	Exh	RSI	1D%	1W%	1M%	1Y%
CAC 40	CAC	7386.99	1	0.75	0.87371	69.0268	0.00742	0.01888	0.05736	0.11073
France ETF	EWQ	34.7	0	-1	-1.85621	46.7874	0.00726	0.01107	-0.00402	0.16874
FOAT France 10Y Bonds	FOAT	124.45	1	-0.75	-1.17111	59.7707	0.00056	0.01212	0.01908	-0.06597
France 10-Year Bond Yield	FR.10Y	3.313	-0.5	0.75	1.22753	41.3278	-0.01953	-0.04771	-0.04387	0.27669
France 5-Year Bond Yield	FR.5Y	2.838	-1	0.5	0.47255	43.2368	0.0071	-0.03008	-0.02675	0.35789
France 2-year bond yield	FR.2Y	3.389	-1	0.75	0.84443	43.2008	0.00326	-0.02109	-0.01224	0.53348
France Yield Curve	FR.YC	-0.0048	-1	0.5	0.43631	46.9535	-1.06162	-1.05467	-1.06008	-1.01648
France Credit Default Swaps	CDS.France	24.7437	0	-0.5	-0.81861	48.6448	-0.00228	0.08765	-0.03764	-0.09473

France Macroeconomic Indicators

MacroVar analytics monitors the following France's economic indicators. Click on a specific macroeconomic indicator to get detailed analysis.

Indicator	Symbol	Actual	Previous	M/M%	Y/Y%	Trend	Slope	Percentile	Update
balance of trade	fr.balanceoftrade	-8597	-8867	-3	-41	UP	UP	12	2023-11-30
bank lending rate	fr.banks.lendingrate	4.28	4.09	5	210	UP	UP	98	2023-06-30
banks balance sheet	fr.banks.bs	12118000	12016300	1	2	UP	UP	14	2024-02-29
building permits	fr.buildingpermits	26514	26783	-1	-13	Down	Down	36	2024-02-29
business confidence	fr.bizconfidence	102.3	100.6	2	-2	UP	Down	69	2024-03-31
capacity utilization	fr.caputilization	76.36	75.84	1	-1	Down	Down	48	2024-04-30
capital flows	fr.capitalflows	128	570	-78	-101	UP	UP	52	2024-02-29
car registrations	fr.carregistrations	180024	142597	26	36	UP	UP	93	2024-04-30
central bank balance sheet	fr.cb.assets	1589550	1594920	-0	-14	Down	Down	15	2024-02-29
composite pmi	fr.comppmi	47.7	44.6	7	-9	UP	Down	32	2024-04-30
construction pmi	fr.constrpmi	41	41.9	-2	-9	Down	Down	33	2024-03-31
consumer confidence	fr.consconfidence	91.21	89.62	2	10	UP	UP	91	2024-04-30
consumer price index cpi	fr.cpi	119.47	119.21	0	2	UP	UP	50	2024-03-31
core inflation rate	fr.coreinflationrate	2.2	2.6	-15	-64	Down	Down	8	2024-02-29
current account	fr.currentaccount	879	-467	-288	-279	UP	UP	8	2024-03-31
current account to gdp	fr.currentaccountgdp	-0.7	-2	-65	-30	Down	UP	0	2024-12-31
exports	fr.exports	51052	48836	5	2	UP	UP	45	2024-04-30
external debt	fr.externaldebt	6990180	6878420	2	15	UP	UP	0	2023-09-30
fiscal expenditure	fr.fiscalexp	75.1	43.44	73	1	Down	UP	18	2024-02-29
foreign direct investment	fr.fdi	-539	4899	-111	-38	Down	UP	40	2024-02-29
foreign exchange reserves	fr.fxreserves	238.9	225.6	6	14	UP	UP	64	2024-02-29
gdp	fr.gdp	2782.91	2957.88	-6	5	UP	UP	0	2022-12-31
Real GDP	fr.realgdp	593815	593504	0	6	UP	UP	92	2024-03-31
gdp growth	fr.gdpgrowth	0.1	0.6	-83	-99	Down	Down	38	2023-09-30
gdp growth annual	fr.gdpgrowthan	0.7	1.1	-36	-119	Down	UP	22	2023-09-30
gold reserves	fr.goldres	2436.97	2436.91	0	0	UP	UP	65	2022-12-31
government budget	fr.govbudget	-5.6	-4.8	17	8	Down	Down	0	2023-01-31
Government budget	fr.govbudgetvalue	-44.03	-25.74	71	-13	UP	UP	18	2024-02-29
government debt	fr.govdebt	3101.2	3093.1	0	17	UP	UP	55	2023-12-31
government debt to gdp	fr.govdebtgdp	111.6	112.9	-1	31	UP	UP	0	2022-01-31
government revenues	fr.govrev	40.16	20.83	93	23	Down	UP	95	2024-02-29
housing index	fr.housingindex	128.74	132.25	-3	8	Down	UP	0	2023-12-31
housing starts	fr.housingstarts	19639	18167	8	-15	Down	Down	25	2024-02-29
imports	fr.imports	56296	56048	0	-6	Down	Down	32	2024-04-30
industrial production	fr.indproduction	-0.75	0.86	-187	-179	Down	Down	32	2024-02-29
industrial production mom	fr.indproductionmm	0.2	-0.9	-122	-90	Down	Down	57	2023-11-30
inflation cpi	fr.inflationcpi	2.3	3	-23	-60	Down	Down	10	2024-03-31
interbank rate	fr.interbankrate	3.8	3.781	1	2	UP	UP	62	2023-08-14
interest rate	fr.interestrate	4.5	4.5	0	8900	UP	UP	99	2024-04-01
loan growth	fr.loangrowth	-1.28	-0.57	125	-128	Down	Down	2	2024-01-31
loans to private sector	fr.loanprivate	3056680	3065840	-0	-1	Down	Down	5	2024-02-29
long term unemployment rate	fr.ltunemploymentrate	2.2	2.4	-8	-8	UP	Down	42	2021-12-31
Manufacturing PMI	fr.manpmi	46.2	47.1	-2	1	UP	UP	69	2024-04-30
money supply m1	fr.msm1	1594140	1586890	0	-10	Down	Down	16	2024-02-29
money supply m2	fr.msm2	2988490	2973590	1	-1	Down	Down	5	2024-02-29
money supply m3	fr.msm3	3493720	3486620	0	1	UP	UP	8	2024-02-29
new home sales	fr.newhomesales	14442	13034	11	-48	Down	Down	3	2023-12-31
Producer Price Index	fr.producerprices	128	130.2	-2	-14	Down	Down	2	2024-02-29
PPI Index	fr.producerpricesch	-5.5	-4.9	12	-135	Down	Down	30	2024-02-29
retail sales MoM	fr.retailsales	0.2	-0.6	-133	-150	UP	UP	23	2023-11-30
retail sales	fr.retailsalesan	-1.4	-2	-30	-46	UP	UP	58	2024-01-31
services pmi	fr.servpmi	47.8	48.4	-1	-11	UP	Down	22	2024-03-31
unemployment rate	fr.unemploymentrate	7.5	7.5	0	-6	UP	Down	42	2023-12-31
youth unemployment rate	fr.ytunemploymentrate	17.2	17.3	-1	-5	Down	Down	52	2023-08-31
zew economic sentiment index	fr.zewsentiment	66.7	63.4	5	-225	UP	UP	25	2021-03-28
Construction Confidence	fr.esi.constr	-7.3	-6	2200	-26200	Down	Down	800	2024-01-22
Consumer Confidence	fr.esi.cons	-13.5	-16.6	-1900	-2800	UP	UP	3500	2024-01-22
Industrial Confidence	fr.esi.man	-8.9	-9.2	-300	-200	Down	UP	6300	2024-01-22
Retail Confidence	fr.esi.ret	-15.4	-13.9	1100	28500	Down	Down	0	2024-01-22
Services Confidence	fr.esi.serv	-0.5	-0.8	-3800	-11400	Down	Down	4500	2024-01-22
ESI - Economic Composite	fr.esi.conf	96.4	95.6	1	-6	Down	Down	46	2023-06-30

France News, Economy & Financial Markets

France Markets Overview

France Economic Sectors

France Real-Time News

Newsflow

France Economic Calendar

France Financial Markets

France Macroeconomic Indicators

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