Interest Rate in France
France - Interest RateGDP growth stagnated in quarter-on-quarter terms in Q1 due to a contraction in private spending. Turning to Q2, the war in Ukraine is taking a toll on the economy: Record-high inflation and subdued consumer confidence in April is likely to keep a lid on household consumption. Similarly, business confidence moderated further in May. That said, the composite PMI rose to a four-year high in April and remained upbeat in May, bolstered by the loosening of pandemic-related restrictions. In politics, Emmanuel Macron appointed Élisabeth Borne as the prime minister on 16 May after a cabinet reshuffle. Lastly, in a recent report, the European Commission said that France had successfully managed the pandemic crisis, but had strained public finances as a result. In order to ensure sustainability of public finances, the Commission recommended that France simplifies its pension system.
France - Interest Rate Data
|Policy Interest Rate (%)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
France Interest Rate Chart
Source: European Central Bank.
|Bond Yield||0.08||0.46 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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August 23, 2022
The S&P Global Flash Purchasing Managers’ Index (PMI) fell to 49.8 in August from 50.6 in July, marking the lowest reading since February 2021.
August 5, 2022
Industrial production increased 1.4% month-on-month in seasonally-adjusted terms in June (May: +0.2% mom).
July 29, 2022
According to a preliminary estimate, economic activity rebounded in the second quarter, increasing 0.5% on a seasonally-adjusted quarter-on-quarter basis, above the 0.2% contraction seen in the first quarter.
July 29, 2022
Consumer prices increased 0.27% from the previous month in July, coming in below the 0.74% rise recorded in June.
France: Composite PMI falls to lowest level in over a year in July; raises concerns over a potential recession
July 22, 2022
The S&P Global Flash Purchasing Managers’ Index (PMI) fell to 50.6 in July from 52.5 in June, marking the lowest reading since March 2021.