France Economy

France’s gdp growth annual decreased to -3.9 by -79.37% on July 2020 from -18.9 in the previous Quarterly. On a year on year basis France’s gdp growth annual decreased by -239.29%. France’s gdp growth annual trend is down since the current value of -3.9 is lower than the 12 month moving average of -1.00833.France’s inflation cpi On a year on year basis France’s inflation cpi decreased by -77.78%. France’s inflation cpi trend is down since the current value of 0.2 is lower than the 12 month moving average of 0.75.France’s unemployment rate icnreased to 9.0 by 26.76% on July 2020 from 7.1 in the previous Quarterly. On a year on year basis France’s unemployment rate decreased by -5.26%. France’s unemployment rate trend is down since the current value of 9.0 is lower than the 12 month moving average of 8.55833.

France Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
CAC 40 CAC 6464.48 0 0.5 0.91836 55.4061 -1.43 -1.32 2.5 -0.07952
France ETF EWQ 37.39 1 1 1.57175 62.7176 -1.27 -2.73 0.46 0.03298
FOAT France 10Y Bonds FOAT 161.25 0 0 0.29578 48.3368 0.42 1.7 -0.01 0.02729
France 10-Year Bond Yield FR.10Y -0.05 0.5 -1 -1.29731 47.9588 -350 -132.26 -144.25 -4.55208
France 5-Year Bond Yield FR.5Y -0.56 1 -1 -1.1752 43.9286 11.11 38.27 29.93 1.01205
France 2-year bond yield FR.2Y -0.68 0.5 -0.75 -1.19498 49.7863 4.45 7.26 5.43 0.27605
France Yield Curve FR.YC 0.63 -1 -1 -1.20526 47.801 -6.11 -20.15 -16.89 -0.44479
France Credit Default Swaps CDS.France 21.31 -0.5 -1 -0.84651 44.2499 1.67 1.41 -0.52 -0.27415

CAC 40 closed down by -0.00857% to 5551.41 on 23 January 2021 and +0.00431% on a weekly basis. CAC 40 momentum was last calculated at +0.0/100 indicating positive momentum. CAC 40 trend is +0.5/100 indicating a positive trend. CAC 40 momentum exhaustion is 0.91836 indicating CAC 40 is oversold.France ETF closed up by 0.00595% to 33.83 on 23 January 2021 and +0.00835% on a weekly basis. France ETF momentum was last calculated at +1.0/100 indicating positive momentum. France ETF trend is +1.0/100 indicating a positive trend. France ETF momentum exhaustion is 1.57175 indicating France ETF is oversold.France 10-Year Bond Yield closed up by 0.0% to -0.341 on 23 January 2021 and +0.11438% on a weekly basis. France 10-Year Bond Yield momentum was last calculated at +0.5/100 indicating positive momentum. France 10-Year Bond Yield trend is -1.0/100 indicating a negative trend. France 10-Year Bond Yield momentum exhaustion is -1.29731 indicating France 10-Year Bond Yield is oversold.France Credit Default Swaps closed up by 0.00092% to 15.5198 on 23 January 2021 and +-0.00014% on a weekly basis. France Credit Default Swaps momentum was last calculated at -0.5/100 indicating negative momentum. France Credit Default Swaps trend is -1.0/100 indicating a negative trend. France Credit Default Swaps momentum exhaustion is -0.84651 indicating France Credit Default Swaps is oversold.FOAT France 10Y Bonds closed up by 0.00185% to 168.28 on 23 January 2021 and +0.00508% on a weekly basis. FOAT France 10Y Bonds momentum was last calculated at +0.0/100 indicating positive momentum. FOAT France 10Y Bonds trend is +0.0/100 indicating a positive trend. FOAT France 10Y Bonds momentum exhaustion is 0.29578 indicating FOAT France 10Y Bonds is oversold.

France Macroeconomic model

MacroVar France Macro model analyzes economic growth and inflation to assess the current economic conditions. Economic growth and inflation expectations are the two most important economic indicators used to assess economic conditions, forecast financial market returns and policymaker response. France’s current macroeconomic conditions are summarized below the chart. Click here to learn more about MacroVar France macroecononic model and the leading economic indicators used for analysis.

France Macro Model

France News

France Economy

Economic Activity Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
gdp growth annual 1.5 -4.8 -1.3125 -0.375 1.0 -1.0 0.433333 2021-01-01
inflation cpi 1.5 1.4 0.0714286 1.14286 1.0 1.0 0.75 2021-06-30
unemployment rate 8.1 8 0.0125 -0.129032 -1.0 -1.0 0.266667 2021-01-01
Business & Consumer Forecast Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
ESI - Economic Composite 104.7 96.2 0.0883576 0.483003 1.0 1.0 1 2021-04-01
manufacturing pmi 59 59.4 -0.00673401 0.128107 1.0 1.0 0.866667 2021-06-30
services pmi 57.8 56.6 0.0212014 0.140039 1.0 1.0 0.883333 2021-06-30
Reserves & Outstanding Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt 2739.2 2650.1 0.0336214 0.197883 1.0 1.0 0.766667 2021-01-01
government debt to gdp 115.7 97.6 0.185451 0.681686 1.0 1.0 0 2020-01-31
external debt 5988460 6064260 -0.0124995 0.239621 1.0 1.0 0.783333 2020-10-01
foreign exchange reserves 186.24 191.23 -0.0260942 -0.0554344 -1.0 -1.0 0.166667 2021-06-30
gold reserves 2436.29 2436.19 0.0000410477 0.000119048 1.0 1.0 0.8 2020-11-01
Trade Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account -2896 -2151 0.346351 -0.0445398 1.0 1.0 0.45 2021-03-31
current account to gdp -1.9 -0.7 1.71429 1.71429 -1.0 -1.0 0 2020-12-31
Monetary Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate 0.05 0.05 0 0 1.0 -1.0 0.791667 2016-03-09
central bank balance sheet 1797220 1801010 -0.00210437 0.278023 1.0 1.0 0.8 2021-05-31
banks balance sheet 10948300 10946300 0.00018271 0.0406239 1.0 1.0 0.5 2021-05-31
money supply m2 2764140 2756610 0.00273162 0.0753065 1.0 1.0 0.5 2021-05-31
Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Government budget -118.79 -91.37 0.300099 0.00796769 1.0 -1.0 0.266667 2021-05-31
government revenues 110.98 86.24 0.286874 0.114727 -1.0 1.0 1 2021-05-31
fiscal expenditure 211.92 163.48 0.296305 0.115903 -1.0 1.0 0.916667 2021-05-31

France’s gdp growth annual decreased to -3.9 by -79.37% on July 2020 from -18.9 in the previous Quarterly. On a year on year basis France’s gdp growth annual decreased by -239.29%. France’s gdp growth annual trend is down since the current value of -3.9 is lower than the 12 month moving average of -1.00833.France’s inflation cpi On a year on year basis France’s inflation cpi decreased by -77.78%. France’s inflation cpi trend is down since the current value of 0.2 is lower than the 12 month moving average of 0.75.France’s unemployment rate icnreased to 9.0 by 26.76% on July 2020 from 7.1 in the previous Quarterly. On a year on year basis France’s unemployment rate decreased by -5.26%. France’s unemployment rate trend is down since the current value of 9.0 is lower than the 12 month moving average of 8.55833.France’s manufacturing pmi icnreased to 51.1 by 3.02% on December 2020 from 49.6 in the previous Monthly. On a year on year basis France’s manufacturing pmi increased by 1.39%. France’s manufacturing pmi trend is down since the current value of 51.1 is lower than the 12 month moving average of 47.825.France’s services pmi icnreased to 49.2 by 26.8% on December 2020 from 38.8 in the previous Monthly. On a year on year basis France’s services pmi decreased by -6.11%. France’s services pmi trend is down since the current value of 49.2 is lower than the 12 month moving average of 42.8083.France’s composite pmi icnreased to 49.6 by 22.17% on December 2020 from 40.6 in the previous Monthly. On a year on year basis France’s composite pmi decreased by -4.62%. France’s composite pmi trend is down since the current value of 49.6 is lower than the 12 month moving average of 43.5.France’s construction pmi icnreased to 42.8 by 0.23% on November 2020 from 42.7 in the previous Monthly. On a year on year basis France’s construction pmi decreased by -14.57%. France’s construction pmi trend is down since the current value of 42.8 is lower than the 12 month moving average of 42.075.France’s building permits decreased to 35800.0 by -6.77% on November 2020 from 38400.0 in the previous Monthly. On a year on year basis France’s building permits increased by 11.88%. France’s building permits trend is down since the current value of 35800.0 is lower than the 12 month moving average of 32041.7.France’s business confidence icnreased to 93.0 by 1.09% on December 2020 from 92.0 in the previous Monthly. On a year on year basis France’s business confidence decreased by -5.1%. France’s business confidence trend is down since the current value of 93.0 is lower than the 12 month moving average of 88.9167.France’s consumer confidence decreased to 90.0 by -4.26% on November 2020 from 94.0 in the previous Monthly. On a year on year basis France’s consumer confidence decreased by -14.29%. France’s consumer confidence trend is down since the current value of 90.0 is lower than the 12 month moving average of 97.0.

France Business activity

Business Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
business confidence 107 104 0.0288462 0.507042 1.0 1.0 0.983333 2021-05-30
ESI - Economic Composite 104.7 96.2 0.0883576 0.483003 1.0 1.0 1 2021-04-01
manufacturing pmi 59 59.4 -0.00673401 0.128107 1.0 1.0 0.866667 2021-06-30
services pmi 57.8 56.6 0.0212014 0.140039 1.0 1.0 0.883333 2021-06-30
composite pmi 57.4 57 0.00701754 0.110251 1.0 1.0 0.816667 2021-06-30
zew economic sentiment index 66.7 63.4 0.0520505 -2.25141 1.0 1.0 0.25 2021-03-28
Manufacturing sector 1.5 -8.8 -1.17045 -1.04021 1.0 1.0 0.416667 2021-04-01
Consumer sector -8.2 -10.5 -0.219048 -0.568421 1.0 1.0 0.05 2021-04-01
Construction sector 2.8 -3.1 -1.90323 -1.16766 1.0 1.0 0.383333 2021-04-01
Retail sector -6.8 -11.8 -0.423729 -0.692308 1.0 1.0 0.25 2021-04-01
Services sector -5.5 -13.4 -0.589552 -0.83631 1.0 1.0 0.5 2021-04-01

France’s business confidence icnreased to 93.0 by 1.09% on December 2020 from 92.0 in the previous Monthly. On a year on year basis France’s business confidence decreased by -5.1%. France’s business confidence trend is down since the current value of 93.0 is lower than the 12 month moving average of 88.9167.France’s ESI – Economic Composite decreased to 86.9 by -523.0% on January 2021 from 91.7 in the previous . On a year on year basis France’s ESI – Economic Composite decreased by -1464.0%. France’s ESI – Economic Composite trend is down since the current value of 86.9 is lower than the 12 month moving average of 89.0833.France’s manufacturing pmi icnreased to 51.1 by 3.02% on December 2020 from 49.6 in the previous Monthly. On a year on year basis France’s manufacturing pmi increased by 1.39%. France’s manufacturing pmi trend is down since the current value of 51.1 is lower than the 12 month moving average of 47.825.France’s services pmi icnreased to 49.2 by 26.8% on December 2020 from 38.8 in the previous Monthly. On a year on year basis France’s services pmi decreased by -6.11%. France’s services pmi trend is down since the current value of 49.2 is lower than the 12 month moving average of 42.8083.France’s composite pmi icnreased to 49.6 by 22.17% on December 2020 from 40.6 in the previous Monthly. On a year on year basis France’s composite pmi decreased by -4.62%. France’s composite pmi trend is down since the current value of 49.6 is lower than the 12 month moving average of 43.5.France’s zew economic sentiment index icnreased to 50.8 by 109.92% on December 2020 from 24.2 in the previous Monthly. On a year on year basis France’s zew economic sentiment index decreased by -1472.97%. France’s zew economic sentiment index trend is down since the current value of 50.8 is lower than the 12 month moving average of 32.2167.France’s Manufacturing sector icnreased to -15.9 by 2326.0% on January 2021 from -12.9 in the previous . On a year on year basis France’s Manufacturing sector increased by 12714.0%. France’s Manufacturing sector trend is down since the current value of -15.9 is lower than the 12 month moving average of -14.4583.France’s Consumer sector icnreased to -17.9 by 3358.0% on January 2021 from -13.4 in the previous . On a year on year basis France’s Consumer sector increased by 19833.0%. France’s Consumer sector trend is down since the current value of -17.9 is lower than the 12 month moving average of -12.6833.France’s Construction sector icnreased to -17.0 by 625.0% on January 2021 from -16.0 in the previous . On a year on year basis France’s Construction sector decreased by -22143.0%. France’s Construction sector trend is down since the current value of -17.0 is lower than the 12 month moving average of -7.75.France’s Retail sector icnreased to -14.3 by 7654.0% on January 2021 from -8.1 in the previous . On a year on year basis France’s Retail sector increased by 13833.0%. France’s Retail sector trend is down since the current value of -14.3 is lower than the 12 month moving average of -13.6417.France’s Services sector icnreased to -16.6 by 2296.0% on January 2021 from -13.5 in the previous . On a year on year basis France’s Services sector decreased by -61875.0%. France’s Services sector trend is down since the current value of -16.6 is lower than the 12 month moving average of -16.7083.

France Consumer activity

Consumer Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
consumer confidence 102 98 0.0408163 0.0736842 1.0 1.0 0.85 2021-06-30
car registrations 199509 141041 0.414546 -0.146719 1.0 -1.0 0.15 2021-06-30
Consumer - General economic situation (next 12 months) -18.8 -28.8 -0.347222 -0.671329 1.0 1.0 0.266667 2021-04-01
Consumer - Financial situation (next 12 months) -3.7 -4 -0.075 -0.681035 1.0 1.0 0.1 2021-04-01
Consumer - Price trends (next 12 months) 22.4 18 0.244444 -0.471698 1.0 -1.0 0.0333333 2021-04-01
Consumer - Unemployment expectations (next 12 months) 47.5 51.5 -0.0776699 0.0171306 -1.0 1.0 0.65 2021-04-01
Consumer - Major purchases (next 12 months) -0.8 -1 -0.2 -0.2 -1.0 1.0 0.583333 2021-04-01
Consumer - Savings (next 12 months) 7.6 6.3 0.206349 -2.72727 1.0 1.0 0.0833333 2021-04-01
Consumer - Households Financial situation 12.4 12.7 -0.023622 0.56962 1.0 1.0 0.533333 2021-04-01

France’s consumer confidence decreased to 90.0 by -4.26% on November 2020 from 94.0 in the previous Monthly. On a year on year basis France’s consumer confidence decreased by -14.29%. France’s consumer confidence trend is down since the current value of 90.0 is lower than the 12 month moving average of 97.0.France’s car registrations decreased to 126047.0 by -26.31% on November 2020 from 171050.0 in the previous Monthly. On a year on year basis France’s car registrations decreased by -29.56%. France’s car registrations trend is down since the current value of 126047.0 is lower than the 12 month moving average of 139490.0.France’s Consumer – General economic situation (next 12 months) icnreased to -51.1 by 2970.0% on January 2021 from -39.4 in the previous . On a year on year basis France’s Consumer – General economic situation (next 12 months) increased by 30880.0%. France’s Consumer – General economic situation (next 12 months) trend is down since the current value of -51.1 is lower than the 12 month moving average of -35.5583.France’s Consumer – Financial situation (next 12 months) icnreased to -8.8 by 7600.0% on January 2021 from -5.0 in the previous . On a year on year basis France’s Consumer – Financial situation (next 12 months) increased by 48667.0%. France’s Consumer – Financial situation (next 12 months) trend is down since the current value of -8.8 is lower than the 12 month moving average of -5.84167.France’s Consumer – Price trends (next 12 months) icnreased to 20.0 by 3793.0% on January 2021 from 14.5 in the previous . On a year on year basis France’s Consumer – Price trends (next 12 months) decreased by -1342.0%. France’s Consumer – Price trends (next 12 months) trend is down since the current value of 20.0 is lower than the 12 month moving average of 24.975.France’s Consumer – Unemployment expectations (next 12 months) icnreased to 65.2 by 366.0% on January 2021 from 62.9 in the previous . On a year on year basis France’s Consumer – Unemployment expectations (next 12 months) increased by 181765.0%. France’s Consumer – Unemployment expectations (next 12 months) trend is down since the current value of 65.2 is lower than the 12 month moving average of 41.3.France’s Consumer – Major purchases (next 12 months) icnreased to -2.3 by 13000.0% on January 2021 from -1.0 in the previous . On a year on year basis France’s Consumer – Major purchases (next 12 months) decreased by -86667.0%. France’s Consumer – Major purchases (next 12 months) trend is down since the current value of -2.3 is lower than the 12 month moving average of -0.616667.France’s Consumer – Savings (next 12 months) decreased to 1.1 by -6944.0% on January 2021 from 3.6 in the previous . On a year on year basis France’s Consumer – Savings (next 12 months) decreased by -13056.0%. France’s Consumer – Savings (next 12 months) trend is down since the current value of 1.1 is lower than the 12 month moving average of -0.583333.France’s Consumer – Households Financial situation decreased to 10.9 by -1210.0% on January 2021 from 12.4 in the previous . On a year on year basis France’s Consumer – Households Financial situation increased by 13696.0%. France’s Consumer – Households Financial situation trend is down since the current value of 10.9 is lower than the 12 month moving average of 9.14167.

France Manufacturing activity

Manufacturing Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 59 59.4 -0.00673401 0.128107 1.0 1.0 0.866667 2021-06-30
Manufacturing sector 1.5 -8.8 -1.17045 -1.04021 1.0 1.0 0.416667 2021-04-01
Manufacturing - Order Books -14.4 -28.7 -0.498258 -0.691649 1.0 1.0 0.35 2021-04-01
Manufacturing - Selling Price expectations (next months) 16.3 14.7 0.108844 -3.4697 1.0 1.0 0.05 2021-04-01
Manufacturing - Production trend (recent months) 21.4 5.2 3.11538 -1.90295 1.0 1.0 0.116667 2021-04-01
Manufacturing - Export Order Books -22.2 -36.6 -0.393443 -0.595628 1.0 1.0 0.366667 2021-04-01
Manufacturing - Finished Products (Stock Levels) 5.6 5.9 -0.0508475 -0.125 -1.0 -1.0 0.433333 2021-04-01
Manufacturing - Production expectations (next months) 24.6 8.2 2 -1.41908 1.0 1.0 0.1 2021-04-01
industrial production 43.9 14.4 2.04861 -3.42541 1.0 1.0 0.216667 2021-04-30
industrial production mom -0.3 0.1 -4 -1.01554 -1.0 -1.0 0.6 2021-05-31
capacity utilization 80.6 80.52 0.000993542 -0.0450237 1.0 -1.0 0.3 2021-06-30

France’s manufacturing pmi icnreased to 51.1 by 3.02% on December 2020 from 49.6 in the previous Monthly. On a year on year basis France’s manufacturing pmi increased by 1.39%. France’s manufacturing pmi trend is down since the current value of 51.1 is lower than the 12 month moving average of 47.825.France’s Manufacturing sector icnreased to -15.9 by 2326.0% on January 2021 from -12.9 in the previous . On a year on year basis France’s Manufacturing sector increased by 12714.0%. France’s Manufacturing sector trend is down since the current value of -15.9 is lower than the 12 month moving average of -14.4583.France’s Manufacturing – Order Books icnreased to -35.4 by 143.0% on January 2021 from -34.9 in the previous . On a year on year basis France’s Manufacturing – Order Books increased by 28478.0%. France’s Manufacturing – Order Books trend is down since the current value of -35.4 is lower than the 12 month moving average of -33.3167.France’s Manufacturing – Selling Price expectations (next months) icnreased to 2.7 by 2273.0% on January 2021 from 2.2 in the previous . On a year on year basis France’s Manufacturing – Selling Price expectations (next months) decreased by -20000.0%. France’s Manufacturing – Selling Price expectations (next months) trend is down since the current value of 2.7 is lower than the 12 month moving average of -1.35.France’s Manufacturing – Production trend (recent months) decreased to 4.8 by -2836.0% on January 2021 from 6.7 in the previous . On a year on year basis France’s Manufacturing – Production trend (recent months) decreased by -943.0%. France’s Manufacturing – Production trend (recent months) trend is down since the current value of 4.8 is lower than the 12 month moving average of -14.45.France’s Manufacturing – Export Order Books decreased to -46.5 by -252.0% on January 2021 from -47.7 in the previous . On a year on year basis France’s Manufacturing – Export Order Books increased by 26614.0%. France’s Manufacturing – Export Order Books trend is down since the current value of -46.5 is lower than the 12 month moving average of -40.6083.France’s Manufacturing – Finished Products (Stock Levels) decreased to 5.9 by -3295.0% on January 2021 from 8.8 in the previous . On a year on year basis France’s Manufacturing – Finished Products (Stock Levels) decreased by -6590.0%. France’s Manufacturing – Finished Products (Stock Levels) trend is down since the current value of 5.9 is lower than the 12 month moving average of 9.23333.France’s Manufacturing – Production expectations (next months) decreased to -6.4 by -22549.0% on January 2021 from 5.1 in the previous . On a year on year basis France’s Manufacturing – Production expectations (next months) decreased by -21636.0%. France’s Manufacturing – Production expectations (next months) trend is down since the current value of -6.4 is lower than the 12 month moving average of -0.791667.France’s industrial production decreased to -4.2 by -28.81% on October 2020 from -5.9 in the previous Monthly. On a year on year basis France’s industrial production increased by 4100.0%. France’s industrial production trend is down since the current value of -4.2 is lower than the 12 month moving average of -9.9.France’s industrial production mom icnreased to 1.4 by 27.27% on September 2020 from 1.1 in the previous Monthly. On a year on year basis France’s industrial production mom increased by 133.33%. France’s industrial production mom trend is down since the current value of 1.4 is lower than the 12 month moving average of 0.0416667.France’s capacity utilization decreased to 72.69 by -0.66% on August 2020 from 73.17 in the previous Quarterly. On a year on year basis France’s capacity utilization decreased by -14.68%. France’s capacity utilization trend is down since the current value of 72.69 is lower than the 12 month moving average of 79.0875.

France Services activity

Services Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
services pmi 57.8 56.6 0.0212014 0.140039 1.0 1.0 0.883333 2021-06-30
Services sector -5.5 -13.4 -0.589552 -0.83631 1.0 1.0 0.5 2021-04-01
Services - Demand Expectations (next 3 months) -0.9 -9.8 -0.908163 -0.984321 1.0 1.0 0.366667 2021-04-01
Services - Prices expectations (next 3 months) -5.3 -9.7 -0.453608 -0.721053 1.0 1.0 0.233333 2021-04-01
Services - Business activity (past 3 months) -10.5 -16.8 -0.375 -0.588235 1.0 1.0 0.7 2021-04-01
Services - Demand (past 3 months) -5.2 -13.7 -0.620438 -0.706215 1.0 1.0 0.583333 2021-04-01
Services - Employment (past 3 months) -9.1 -14.8 -0.385135 -0.672662 1.0 1.0 0.466667 2021-04-01
Services - Employment (next 3 months) 3.9 -7.8 -1.5 -1.07372 1.0 1.0 0.25 2021-04-01

France’s services pmi icnreased to 49.2 by 26.8% on December 2020 from 38.8 in the previous Monthly. On a year on year basis France’s services pmi decreased by -6.11%. France’s services pmi trend is down since the current value of 49.2 is lower than the 12 month moving average of 42.8083.France’s Services sector icnreased to -16.6 by 2296.0% on January 2021 from -13.5 in the previous . On a year on year basis France’s Services sector decreased by -61875.0%. France’s Services sector trend is down since the current value of -16.6 is lower than the 12 month moving average of -16.7083.France’s Services – Demand Expectations (next 3 months) icnreased to -30.6 by 7486.0% on January 2021 from -17.5 in the previous . On a year on year basis France’s Services – Demand Expectations (next 3 months) decreased by -48250.0%. France’s Services – Demand Expectations (next 3 months) trend is down since the current value of -30.6 is lower than the 12 month moving average of -14.4.France’s Services – Prices expectations (next 3 months) icnreased to -13.6 by 2252.0% on January 2021 from -11.1 in the previous . On a year on year basis France’s Services – Prices expectations (next 3 months) decreased by -236667.0%. France’s Services – Prices expectations (next 3 months) trend is down since the current value of -13.6 is lower than the 12 month moving average of -8.19167.France’s Services – Business activity (past 3 months) decreased to -15.9 by -1675.0% on January 2021 from -19.1 in the previous . On a year on year basis France’s Services – Business activity (past 3 months) decreased by -275000.0%. France’s Services – Business activity (past 3 months) trend is down since the current value of -15.9 is lower than the 12 month moving average of -20.5.France’s Services – Demand (past 3 months) decreased to -3.3 by -1750.0% on January 2021 from -4.0 in the previous . On a year on year basis France’s Services – Demand (past 3 months) decreased by -43000.0%. France’s Services – Demand (past 3 months) trend is down since the current value of -3.3 is lower than the 12 month moving average of -15.2.France’s Services – Employment (past 3 months) decreased to -5.0 by -4318.0% on January 2021 from -8.8 in the previous . On a year on year basis France’s Services – Employment (past 3 months) increased by 115000.0%. France’s Services – Employment (past 3 months) trend is down since the current value of -5.0 is lower than the 12 month moving average of -17.1167.France’s Services – Employment (next 3 months) icnreased to -18.7 by 7156.0% on January 2021 from -10.9 in the previous . On a year on year basis France’s Services – Employment (next 3 months) decreased by -39682.0%. France’s Services – Employment (next 3 months) trend is down since the current value of -18.7 is lower than the 12 month moving average of -11.7667.

France Retail Sector

 

Retail Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Retail sector -6.8 -11.8 -0.423729 -0.692308 1.0 1.0 0.25 2021-04-01
Retail - Orders Expectations (next 3 months) -7.2 -10.4 -0.307692 -0.847458 1.0 1.0 0.466667 2021-04-01
Retail - Prices expectations (next 3 months) 1.5 1.3 0.153846 -3.5 1.0 1.0 0.0666667 2021-04-01
Retail - Business activity (past 3 months) -7.2 -13.7 -0.474453 -6.53846 1.0 -1.0 0.0666667 2021-04-01
Retail - Stock Levels 4.6 4.5 0.0222222 -0.585586 -1.0 -1.0 0.0666667 2021-04-01
Retail - Business activity expectations (next 3 months) -8.7 -17.1 -0.491228 -0.84629 1.0 1.0 0.45 2021-04-01
Retail - Employment expectations (next 3 months) -9.6 -10.2 -0.0588235 -0.702786 1.0 1.0 0.333333 2021-04-01
retail sales 14.3 42.1 -0.660333 -1.48148 1.0 1.0 0.1 2021-05-31
retail sales MoM 9.9 -6 -2.65 -0.737401 1.0 -1.0 0.516667 2021-05-31

France’s Retail sector icnreased to -14.3 by 7654.0% on January 2021 from -8.1 in the previous . On a year on year basis France’s Retail sector increased by 13833.0%. France’s Retail sector trend is down since the current value of -14.3 is lower than the 12 month moving average of -13.6417.France’s Retail – Orders Expectations (next 3 months) icnreased to -34.7 by 49828.0% on January 2021 from -5.8 in the previous . On a year on year basis France’s Retail – Orders Expectations (next 3 months) increased by 55472.0%. France’s Retail – Orders Expectations (next 3 months) trend is down since the current value of -34.7 is lower than the 12 month moving average of -16.0583.France’s Retail – Prices expectations (next 3 months) icnreased to -5.1 by 117500.0% on January 2021 from -0.4 in the previous . On a year on year basis France’s Retail – Prices expectations (next 3 months) decreased by -31250.0%. France’s Retail – Prices expectations (next 3 months) trend is down since the current value of -5.1 is lower than the 12 month moving average of -1.45.France’s Retail – Business activity (past 3 months) decreased to 2.5 by -14386.0% on January 2021 from -5.7 in the previous . On a year on year basis France’s Retail – Business activity (past 3 months) decreased by -20000.0%. France’s Retail – Business activity (past 3 months) trend is down since the current value of 2.5 is lower than the 12 month moving average of -11.675.France’s Retail – Stock Levels icnreased to 7.3 by 71111.0% on January 2021 from 0.9 in the previous . On a year on year basis France’s Retail – Stock Levels decreased by -3303.0%. France’s Retail – Stock Levels trend is down since the current value of 7.3 is lower than the 12 month moving average of 9.54167.France’s Retail – Business activity expectations (next 3 months) icnreased to -38.1 by 11648.0% on January 2021 from -17.6 in the previous . On a year on year basis France’s Retail – Business activity expectations (next 3 months) increased by 71064.0%. France’s Retail – Business activity expectations (next 3 months) trend is down since the current value of -38.1 is lower than the 12 month moving average of -19.7.France’s Retail – Employment expectations (next 3 months) icnreased to -26.8 by 9281.0% on January 2021 from -13.9 in the previous . On a year on year basis France’s Retail – Employment expectations (next 3 months) increased by 21163.0%. France’s Retail – Employment expectations (next 3 months) trend is down since the current value of -26.8 is lower than the 12 month moving average of -17.5083.France’s retail sales icnreased to 5.9 by 118.52% on October 2020 from 2.7 in the previous Monthly. On a year on year basis France’s retail sales increased by 126.92%. France’s retail sales trend is down since the current value of 5.9 is lower than the 12 month moving average of -1.38333.France’s retail sales MoM decreased to 2.8 by -162.22% on October 2020 from -4.5 in the previous Monthly. On a year on year basis France’s retail sales MoM increased by 833.33%. France’s retail sales MoM trend is down since the current value of 2.8 is lower than the 12 month moving average of 1.19167.

France Construction Sector

 

Construction Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
construction pmi 48.9 51.1 -0.0430528 -0.0910781 1.0 -1.0 0.233333 2021-06-30
Construction sector 2.8 -3.1 -1.90323 -1.16766 1.0 1.0 0.383333 2021-04-01
Construction - Current Order Books -10.2 -13.2 -0.227273 -0.504854 1.0 1.0 0.716667 2021-04-01
Construction - Prices over next 3 months -1.9 -10 -0.81 -0.893258 1.0 1.0 0.466667 2021-04-01
Construction - Employment over next 3 months 15.8 7.1 1.22535 -2.22481 1.0 1.0 0.116667 2021-04-01
building permits 35800 33400 0.0718563 1 1.0 1.0 0.983333 2021-05-31
new home sales 30497 26605 0.146288 -0.0154636 1.0 -1.0 0.516667 2021-01-01
housing starts 30300 34900 -0.131805 1.16429 -1.0 1.0 1 2021-04-30
housing index 120.15 119.49 0.00552347 0.140051 1.0 1.0 0 2021-01-01
Construction - Building Activity (past 3 months) 2.7 -0.4 -7.75 -1.14062 1.0 1.0 0.383333 2021-04-01
Construction - Factors Limiting (None) 32.7 30.5 0.0721311 0.958084 1.0 1.0 1 2021-04-01
Construction - Factors Limiting (Insufficient Demand) 34.4 30.2 0.139073 0.829787 1.0 1.0 0.933333 2021-04-01
Construction - Factors Limiting (Weather) 0.9 4.3 -0.790698 0.285714 -1.0 1.0 0.7 2021-04-01
Construction - Factors Limiting (Shortage of labour force) 35.3 32.6 0.0828221 0.256228 1.0 1.0 0.383333 2021-04-01
Construction - Factors Limiting (Shortage of material - equipment) 1.6 2.2 -0.272727 -0.428571 -1.0 -1.0 0.133333 2021-04-01
Construction - Factors Limiting (Other) 14.4 22 -0.345455 -0.775701 -1.0 -1.0 0.0166667 2021-04-01
Construction - Factors Limiting (Financial Constraints) 9.8 9.5 0.0315789 -0.257576 -1.0 -1.0 0.0666667 2021-04-01

France’s construction pmi icnreased to 42.8 by 0.23% on November 2020 from 42.7 in the previous Monthly. On a year on year basis France’s construction pmi decreased by -14.57%. France’s construction pmi trend is down since the current value of 42.8 is lower than the 12 month moving average of 42.075.France’s Construction sector icnreased to -17.0 by 625.0% on January 2021 from -16.0 in the previous . On a year on year basis France’s Construction sector decreased by -22143.0%. France’s Construction sector trend is down since the current value of -17.0 is lower than the 12 month moving average of -7.75.France’s Construction – Current Order Books icnreased to -31.0 by 1071.0% on January 2021 from -28.0 in the previous . On a year on year basis France’s Construction – Current Order Books decreased by -44444.0%. France’s Construction – Current Order Books trend is down since the current value of -31.0 is lower than the 12 month moving average of -17.0.France’s Construction – Prices over next 3 months icnreased to -21.0 by 500.0% on January 2021 from -20.0 in the previous . On a year on year basis France’s Construction – Prices over next 3 months decreased by -115000.0%. France’s Construction – Prices over next 3 months trend is down since the current value of -21.0 is lower than the 12 month moving average of -12.4167.France’s Construction – Employment over next 3 months decreased to -2.0 by -3333.0% on January 2021 from -3.0 in the previous . On a year on year basis France’s Construction – Employment over next 3 months decreased by -11053.0%. France’s Construction – Employment over next 3 months trend is down since the current value of -2.0 is lower than the 12 month moving average of 1.5.France’s building permits decreased to 35800.0 by -6.77% on November 2020 from 38400.0 in the previous Monthly. On a year on year basis France’s building permits increased by 11.88%. France’s building permits trend is down since the current value of 35800.0 is lower than the 12 month moving average of 32041.7.France’s new home sales icnreased to 24308.0 by 19.27% on May 2020 from 20380.0 in the previous Quarterly. On a year on year basis France’s new home sales decreased by -19.28%. France’s new home sales trend is down since the current value of 24308.0 is lower than the 12 month moving average of 30012.7.France’s housing starts decreased to 38100.0 by -1.55% on November 2020 from 38700.0 in the previous Monthly. On a year on year basis France’s housing starts decreased by -4.75%. France’s housing starts trend is down since the current value of 38100.0 is lower than the 12 month moving average of 30033.3.France’s housing index icnreased to 115.71 by 1.71% on April 2020 from 113.77 in the previous Quarterly. On a year on year basis France’s housing index increased by 11.91%. France’s housing index trend is down since the current value of 115.71 is lower than the 12 month moving average of 109.356.France’s Construction – Building Activity (past 3 months) icnreased to -12.0 by 3333.0% on January 2021 from -9.0 in the previous . On a year on year basis France’s Construction – Building Activity (past 3 months) decreased by -17500.0%. France’s Construction – Building Activity (past 3 months) trend is down since the current value of -12.0 is lower than the 12 month moving average of -21.6667.France’s Construction – Factors Limiting (None) decreased to 25.0 by -741.0% on January 2021 from 27.0 in the previous . On a year on year basis France’s Construction – Factors Limiting (None) decreased by -2188.0%. France’s Construction – Factors Limiting (None) trend is down since the current value of 25.0 is lower than the 12 month moving average of 26.6667.France’s Construction – Factors Limiting (Insufficient Demand) icnreased to 36.0 by 286.0% on January 2021 from 35.0 in the previous . On a year on year basis France’s Construction – Factors Limiting (Insufficient Demand) increased by 10000.0%. France’s Construction – Factors Limiting (Insufficient Demand) trend is down since the current value of 36.0 is lower than the 12 month moving average of 27.4167.France’s Construction – Factors Limiting (Weather) On a year on year basis France’s Construction – Factors Limiting (Weather) increased by 2500.0%. France’s Construction – Factors Limiting (Weather) trend is down since the current value of 5.0 is lower than the 12 month moving average of 3.0.France’s Construction – Factors Limiting (Shortage of labour force) decreased to 26.0 by -714.0% on January 2021 from 28.0 in the previous . On a year on year basis France’s Construction – Factors Limiting (Shortage of labour force) decreased by -4468.0%. France’s Construction – Factors Limiting (Shortage of labour force) trend is down since the current value of 26.0 is lower than the 12 month moving average of 32.6667.France’s Construction – Factors Limiting (Shortage of material / equipment) On a year on year basis France’s Construction – Factors Limiting (Shortage of material / equipment) decreased by -3333.0%. France’s Construction – Factors Limiting (Shortage of material / equipment) trend is down since the current value of 2.0 is lower than the 12 month moving average of 2.33333.France’s Construction – Factors Limiting (Other) icnreased to 31.0 by 1923.0% on January 2021 from 26.0 in the previous . On a year on year basis France’s Construction – Factors Limiting (Other) increased by 41667.0%. France’s Construction – Factors Limiting (Other) trend is down since the current value of 31.0 is lower than the 12 month moving average of 29.6667.France’s Construction – Factors Limiting (Financial Constraints) icnreased to 11.0 by 1000.0% on January 2021 from 10.0 in the previous . On a year on year basis France’s Construction – Factors Limiting (Financial Constraints) decreased by -2143.0%. France’s Construction – Factors Limiting (Financial Constraints) trend is down since the current value of 11.0 is lower than the 12 month moving average of 12.5833.

France GDP

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Real GDP 555421 551875 0.00642537 -0.0245196 -1.0 -1.0 0.05 2021-03-31
gdp growth annual 1.5 -4.8 -1.3125 -0.375 1.0 -1.0 0.433333 2021-01-01
gdp 2603 2715.52 -0.0414359 -0.108067 -1.0 -1.0 0 2020-01-31
gdp growth -0.1 -1.4 -0.928571 -1.125 -1.0 -1.0 0.308333 2021-01-01

France’s Real GDP icnreased to 559361.0 by 18.67% on September 2020 from 471370.0 in the previous Quarterly. On a year on year basis France’s Real GDP decreased by -0.83%. France’s Real GDP trend is down since the current value of 559361.0 is lower than the 12 month moving average of 562504.0.France’s gdp growth annual decreased to -3.9 by -79.37% on July 2020 from -18.9 in the previous Quarterly. On a year on year basis France’s gdp growth annual decreased by -239.29%. France’s gdp growth annual trend is down since the current value of -3.9 is lower than the 12 month moving average of -1.00833.France’s gdp decreased to 2715.52 by -2.59% on January 2019 from 2787.86 in the previous Yearly. On a year on year basis France’s gdp increased by 2.19%. France’s gdp trend is down since the current value of 2715.52 is lower than the 12 month moving average of 2705.64.France’s gdp growth decreased to 18.7 by -235.51% on July 2020 from -13.8 in the previous Quarterly. On a year on year basis France’s gdp growth increased by 2571.43%. France’s gdp growth trend is down since the current value of 18.7 is lower than the 12 month moving average of 0.15.

France inflation

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
inflation cpi 1.5 1.4 0.0714286 1.14286 1.0 1.0 0.75 2021-06-30
core inflation rate 0.9 1 -0.1 0.5 1.0 1.0 0.8 2021-05-31
consumer price index cpi 106.34 106.2 0.00131827 0.0147915 1.0 1.0 0.816667 2021-06-30
Producer Price Index 105.8 105.3 0.00474834 0.0719352 1.0 1.0 1 2021-05-31
PPI Index 7.2 6.7 0.0746269 -2.84615 1.0 1.0 0.1 2021-05-31

France’s inflation cpi On a year on year basis France’s inflation cpi decreased by -77.78%. France’s inflation cpi trend is down since the current value of 0.2 is lower than the 12 month moving average of 0.75.France’s core inflation rate decreased to 0.3 by -40.0% on October 2020 from 0.5 in the previous Monthly. On a year on year basis France’s core inflation rate decreased by -70.0%. France’s core inflation rate trend is down since the current value of 0.3 is lower than the 12 month moving average of 0.75.France’s consumer price index cpi icnreased to 104.73 by 0.21% on November 2020 from 104.51 in the previous Monthly. On a year on year basis France’s consumer price index cpi increased by 0.2%. France’s consumer price index cpi trend is down since the current value of 104.73 is lower than the 12 month moving average of 104.731.France’s Producer Price Index icnreased to 102.0 by 1.69% on November 2020 from 100.3 in the previous Monthly. On a year on year basis France’s Producer Price Index decreased by -1.83%. France’s Producer Price Index trend is down since the current value of 102.0 is lower than the 12 month moving average of 100.992.France’s PPI Index decreased to -1.8 by -14.29% on November 2020 from -2.1 in the previous Monthly. On a year on year basis France’s PPI Index increased by 260.0%. France’s PPI Index trend is down since the current value of -1.8 is lower than the 12 month moving average of -2.10833.


France Government Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government budget -9.2 -3.1 1.96774 1.78788 -1.0 -1.0 0 2020-01-31
Government budget -118.79 -91.37 0.300099 0.00796769 1.0 -1.0 0.266667 2021-05-31
government revenues 110.98 86.24 0.286874 0.114727 -1.0 1.0 1 2021-05-31
fiscal expenditure 211.92 163.48 0.296305 0.115903 -1.0 1.0 0.916667 2021-05-31

France’s Government budget decreased to -159.852 by -1.08% on October 2020 from -161.6 in the previous Monthly. On a year on year basis France’s Government budget increased by 48.46%. France’s Government budget trend is down since the current value of -159.852 is lower than the 12 month moving average of -107.288.France’s government revenues icnreased to 219.28 by 14.69% on October 2020 from 191.201 in the previous Monthly. On a year on year basis France’s government revenues decreased by -7.93%. France’s government revenues trend is down since the current value of 219.28 is lower than the 12 month moving average of 143.089.France’s fiscal expenditure icnreased to 371.52 by 12.97% on October 2020 from 328.86 in the previous Monthly. On a year on year basis France’s fiscal expenditure increased by 9.06%. France’s fiscal expenditure trend is down since the current value of 371.52 is lower than the 12 month moving average of 233.524.

France Monetary Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate 0.05 0.05 0 0 1.0 -1.0 0.791667 2016-03-09
central bank balance sheet 1797220 1801010 -0.00210437 0.278023 1.0 1.0 0.8 2021-05-31
banks balance sheet 10948300 10946300 0.00018271 0.0406239 1.0 1.0 0.5 2021-05-31
money supply m1 1771030 1761020 0.00568421 0.0824904 1.0 1.0 0.183333 2021-05-31
money supply m2 2764140 2756610 0.00273162 0.0753065 1.0 1.0 0.5 2021-05-31
money supply m3 3209200 3218570 -0.00291123 0.0857885 1.0 1.0 0.766667 2021-05-31

France’s interest rate France’s interest rate trend is down since the current value of 0.05 is lower than the 12 month moving average of 0.05.France’s central bank balance sheet icnreased to 1693490.0 by 3.18% on October 2020 from 1641230.0 in the previous Monthly. On a year on year basis France’s central bank balance sheet increased by 52.69%. France’s central bank balance sheet trend is down since the current value of 1693490.0 is lower than the 12 month moving average of 1387300.0.France’s banks balance sheet icnreased to 10702100.0 by 2.16% on October 2020 from 10476100.0 in the previous Monthly. On a year on year basis France’s banks balance sheet increased by 8.07%. France’s banks balance sheet trend is down since the current value of 10702100.0 is lower than the 12 month moving average of 10246900.0.France’s money supply m2 decreased to 2641960.0 by -0.87% on October 2020 from 2665080.0 in the previous Monthly. On a year on year basis France’s money supply m2 increased by 14.67%. France’s money supply m2 trend is down since the current value of 2641960.0 is lower than the 12 month moving average of 2496170.0.

France Employment

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
EEI - Employment Composite 101.2 92.6 0.0928726 0.867159 1.0 1.0 1 2021-04-01
unemployment rate 8.1 8 0.0125 -0.129032 -1.0 -1.0 0.266667 2021-01-01
youth unemployment rate 19.2 19.5 -0.0153846 -0.0724638 -1.0 -1.0 0.35 2021-05-31
long term unemployment rate 2.5 2.1 0.190476 -0.0740741 1.0 -1.0 0.466667 2021-01-01

France’s EEI – Employment Composite decreased to 75.1 by -1227.0% on January 2021 from 85.6 in the previous . On a year on year basis France’s EEI – Employment Composite decreased by -2687.0%. France’s EEI – Employment Composite trend is down since the current value of 75.1 is lower than the 12 month moving average of 84.1667.France’s unemployment rate icnreased to 9.0 by 26.76% on July 2020 from 7.1 in the previous Quarterly. On a year on year basis France’s unemployment rate decreased by -5.26%. France’s unemployment rate trend is down since the current value of 9.0 is lower than the 12 month moving average of 8.55833.France’s youth unemployment rate On a year on year basis France’s youth unemployment rate increased by 4.02%. France’s youth unemployment rate trend is down since the current value of 20.7 is lower than the 12 month moving average of 20.5917.France’s long term unemployment rate icnreased to 3.3 by 50.0% on July 2020 from 2.2 in the previous Quarterly. On a year on year basis France’s long term unemployment rate decreased by -25.0%. France’s long term unemployment rate trend is down since the current value of 3.3 is lower than the 12 month moving average of 3.4.

France Trade & Capital Flows

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account -2896 -2151 0.346351 -0.0445398 1.0 1.0 0.45 2021-03-31
current account to gdp -1.9 -0.7 1.71429 1.71429 -1.0 -1.0 0 2020-12-31
exports 39985.5 38961.6 0.0262797 0.131881 1.0 1.0 1 2021-03-31
imports 46052 44105.6 0.0441305 0.208673 1.0 1.0 1 2021-03-31
balance of trade -6066.6 -5144 0.179355 1.1864 -1.0 -1.0 0.983333 2021-03-31
capital flows -5161 -14605 -0.646628 -1.89647 -1.0 -1.0 0.233333 2021-05-31
foreign direct investment 900 1350 -0.333333 -0.408284 -1.0 -1.0 0.433333 2021-05-31

France’s current account icnreased to -5690.0 by 22.13% on September 2020 from -4659.0 in the previous Monthly. On a year on year basis France’s current account increased by 185.5%. France’s current account trend is down since the current value of -5690.0 is lower than the 12 month moving average of -3957.25.France’s current account to gdp icnreased to -0.7 by 16.67% on December 2019 from -0.6 in the previous Yearly. On a year on year basis France’s current account to gdp increased by 600.0%. France’s current account to gdp trend is down since the current value of -0.7 is lower than the 12 month moving average of -0.691667.France’s exports icnreased to 37559.0 by 6.23% on September 2020 from 35357.0 in the previous Monthly. On a year on year basis France’s exports decreased by -10.04%. France’s exports trend is down since the current value of 37559.0 is lower than the 12 month moving average of 36448.5.France’s imports icnreased to 43305.0 by 0.56% on September 2020 from 43064.0 in the previous Monthly. On a year on year basis France’s imports decreased by -7.58%. France’s imports trend is down since the current value of 43305.0 is lower than the 12 month moving average of 42075.4.France’s balance of trade decreased to -5745.0 by -25.46% on September 2020 from -7707.0 in the previous Monthly. On a year on year basis France’s balance of trade increased by 12.51%. France’s balance of trade trend is down since the current value of -5745.0 is lower than the 12 month moving average of -5626.92.France’s bank lending rate icnreased to 1.16 by 2.65% on September 2020 from 1.13 in the previous Monthly. On a year on year basis France’s bank lending rate decreased by -30.95%. France’s bank lending rate trend is down since the current value of 1.16 is lower than the 12 month moving average of 1.24667.France’s capital flows decreased to 9412.0 by -222.65% on October 2020 from -7674.0 in the previous Monthly. On a year on year basis France’s capital flows increased by 4360.66%. France’s capital flows trend is down since the current value of 9412.0 is lower than the 12 month moving average of -6219.08.France’s foreign direct investment decreased to 2337.0 by -11.38% on October 2020 from 2637.0 in the previous Monthly. On a year on year basis France’s foreign direct investment decreased by -60.93%. France’s foreign direct investment trend is down since the current value of 2337.0 is lower than the 12 month moving average of 396.833.


France Reserves

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
foreign exchange reserves 186.24 191.23 -0.0260942 -0.0554344 -1.0 -1.0 0.166667 2021-06-30
gold reserves 2436.29 2436.19 0.0000410477 0.000119048 1.0 1.0 0.8 2020-11-01

France’s foreign exchange reserves decreased to 184.54 by -6.14% on November 2020 from 196.62 in the previous Monthly. On a year on year basis France’s foreign exchange reserves increased by 5.63%. France’s foreign exchange reserves trend is down since the current value of 184.54 is lower than the 12 month moving average of 197.292.France’s gold reserves icnreased to 2436.1 by 0.0% on July 2020 from 2436.0 in the previous Quarterly. On a year on year basis France’s gold reserves increased by 0.01%. France’s gold reserves trend is down since the current value of 2436.1 is lower than the 12 month moving average of 2436.01.France’s government debt icnreased to 2674.3 by 1.36% on May 2020 from 2638.3 in the previous Quarterly. On a year on year basis France’s government debt increased by 17.73%. France’s government debt trend is down since the current value of 2674.3 is lower than the 12 month moving average of 2396.73.France’s government debt to gdp On a year on year basis France’s government debt to gdp increased by 52.09%. France’s government debt to gdp trend is down since the current value of 98.1 is lower than the 12 month moving average of 90.9917.France’s external debt icnreased to 6082640.0 by 0.42% on July 2020 from 6057480.0 in the previous Quarterly. On a year on year basis France’s external debt increased by 24.34%. France’s external debt trend is down since the current value of 6082640.0 is lower than the 12 month moving average of 5525300.0.

France Debt

Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt 2739.2 2650.1 0.0336214 0.197883 1.0 1.0 0.766667 2021-01-01
government debt to gdp 115.7 97.6 0.185451 0.681686 1.0 1.0 0 2020-01-31
external debt 5988460 6064260 -0.0124995 0.239621 1.0 1.0 0.783333 2020-10-01

France’s government debt icnreased to 2674.3 by 1.36% on May 2020 from 2638.3 in the previous Quarterly. On a year on year basis France’s government debt increased by 17.73%. France’s government debt trend is down since the current value of 2674.3 is lower than the 12 month moving average of 2396.73.France’s government debt to gdp On a year on year basis France’s government debt to gdp increased by 52.09%. France’s government debt to gdp trend is down since the current value of 98.1 is lower than the 12 month moving average of 90.9917.France’s external debt icnreased to 6082640.0 by 0.42% on July 2020 from 6057480.0 in the previous Quarterly. On a year on year basis France’s external debt increased by 24.34%. France’s external debt trend is down since the current value of 6082640.0 is lower than the 12 month moving average of 5525300.0.


France Banking activity

Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interbank rate -0.484 -0.487 -0.00616016 3.48148 -1.0 -1.0 0.9 2021-04-30
bank lending rate 1.23 1.3 -0.0538462 1.92857 1.0 1.0 0.983333 2021-05-31
loan growth 4.97 5.87 -0.153322 -0.419393 -1.0 -1.0 0.0166667 2021-05-31
loans to private sector 2861400 2858180 0.00112659 0.0461048 1.0 1.0 0.2 2021-05-31

France’s interbank rate icnreased to -0.407 by 11.51% on August 2019 from -0.365 in the previous Monthly. On a year on year basis France’s interbank rate increased by 27.59%. France’s interbank rate trend is down since the current value of -0.407 is lower than the 12 month moving average of -0.326083.France’s balance of trade decreased to -5745.0 by -25.46% on September 2020 from -7707.0 in the previous Monthly. On a year on year basis France’s balance of trade increased by 12.51%. France’s balance of trade trend is down since the current value of -5745.0 is lower than the 12 month moving average of -5626.92.France’s bank lending rate icnreased to 1.16 by 2.65% on September 2020 from 1.13 in the previous Monthly. On a year on year basis France’s bank lending rate decreased by -30.95%. France’s bank lending rate trend is down since the current value of 1.16 is lower than the 12 month moving average of 1.24667.France’s loan growth decreased to 8.53 by -0.12% on October 2020 from 8.54 in the previous Monthly. On a year on year basis France’s loan growth increased by 43.12%. France’s loan growth trend is down since the current value of 8.53 is lower than the 12 month moving average of 7.40917.France’s loans to private sector icnreased to 2810700.0 by 0.31% on October 2020 from 2802130.0 in the previous Monthly. On a year on year basis France’s loans to private sector increased by 8.25%. France’s loans to private sector trend is down since the current value of 2810700.0 is lower than the 12 month moving average of 2711660.0.

 

France macroeconomic model analysis

The two most important economic indicators of the France economy are real economic growth expectations and inflation. MacroVar uses France Manufacturing ESI Order Books to gauge economic growth expectations and France Manufacturing ESI Selling Price expectations of next months to gauge inflation expectations. France’s economy is healthy when it generates stable economic growth with low inflation. Policymakers (the government and the central bank) use fiscal and monetary policy to inject liquidity during slowdowns (to solve weak economic growth) and withdraw liquidity from an overheating economy (to solve high inflation).

The four economic environments

There are 4 economic environments based on economic growth and inflationary conditions. Financial assets are affected by economic growth and inflation expectations as explained in the diagram below.
MacroVar Growth Inflation Model

  • Inflation boom: Accelerating Economic growth with Rising inflation – Monetary Policy response: Hawkish
  • Stagflation: Slowing Economic Growth with Rising Inflation – Monetary Policy response: Dilemma
  • Disinflation boom: Accelerating Economic growth with Slowing Inflation – Monetary Policy response: Neutral
  • Deflation Bust: : Slowing Economic Growth with Falling Inflation – Monetary Policy response: Dovish
Read more on how to analyze a country’s macroeconomics in detail. MacroVar also provides a detailed analysis of  the global economy and the 40 largest economic in the world.Click here to learn more.

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