French manufacturing, which excludes energy and food output, increased 1.7 percent on the month, Insee said today. From March 2007 earlier, industrial output rose 3.2 percent and manufacturing increased 2.8 percent.
Tuesday, June 10, 2008
France Industrial Output April 2008
French industrial production rebounded in April following a drop in March, led by output of cars, electrical equipment and chemicals. Production at factories and utilities, which accounts for around 15 percent of the French economy, was up 1.4 percent month on month from March, when it fell 1 percent, the national statistics bureau, Insee, said today in Paris.
French manufacturing, which excludes energy and food output, increased 1.7 percent on the month, Insee said today. From March 2007 earlier, industrial output rose 3.2 percent and manufacturing increased 2.8 percent.
French manufacturing, which excludes energy and food output, increased 1.7 percent on the month, Insee said today. From March 2007 earlier, industrial output rose 3.2 percent and manufacturing increased 2.8 percent.
Friday, June 6, 2008
France External Trade April 2008
France's trade deficit fell back again in April as exports rebounded from a three-month low and imports fell for a third consecutive month, signaling domestic growth may be slowing. The gap shrank to 3.72 billion euros from 4.27 billion euros in March, which was revised from a shortfall of 4.7 billion euros, according to the Trade Ministry in Paris on Friday.
French consumers and manufacturers are facing rising production costs from the near-doubling in crude oil prices in the past year.
Imports fell to 38.68 billion euros from 38.75 billion euros and exports rose to 34.97 billion euros, from 34.48 billion euros in March. Airbus delivered 22 planes for 1.1 billion euros in April, after supplying 28 aircraft worth 1.5 billion euros in March.
French consumers and manufacturers are facing rising production costs from the near-doubling in crude oil prices in the past year.
Imports fell to 38.68 billion euros from 38.75 billion euros and exports rose to 34.97 billion euros, from 34.48 billion euros in March. Airbus delivered 22 planes for 1.1 billion euros in April, after supplying 28 aircraft worth 1.5 billion euros in March.
Thursday, June 5, 2008
French Unemployment Q1 2008
France's unemployment rate dropped to 7.5 percent in the first quarter as the euro region's second-biggest economy expanded at double the pace of the previous three months. The jobless rate fell from 7.8 percent in the fourth quarter, according to Insee, the France's economic statistics office. Not including France's overseas territories, the unemployment rate was 7.2 percent, the lowest in 25 years.
France's economic growth accelerated more than economists forecast in the first quarter as stronger exports offset weaker household spending. Still, inflation near the fastest in 12 years is eroding consumer sentiment, signaling expansion may be set to slow this quarter.
Gross domestic product expanded 0.6 percent in the first quarter from the previous three months, when it grew 0.3 percent, Insee reported May 15. French Minister Christine Lagarde expects the economy to grow between 1.7 percent and 2 percent this year, down from 2.2 percent in 2007.
There are signs growth is slowing. Manufacturing and service industries barely expanded in May according to the purchasing managers indexes and retail sales suffered the biggest annual decline in April since records began in 1995.
Christine Lagarde said in an interview with France Info radio today that the percentage of the working-age population in jobs rose in the first quarter to 65.1 percent from 64.7 percent.
France's economic growth accelerated more than economists forecast in the first quarter as stronger exports offset weaker household spending. Still, inflation near the fastest in 12 years is eroding consumer sentiment, signaling expansion may be set to slow this quarter.
Gross domestic product expanded 0.6 percent in the first quarter from the previous three months, when it grew 0.3 percent, Insee reported May 15. French Minister Christine Lagarde expects the economy to grow between 1.7 percent and 2 percent this year, down from 2.2 percent in 2007.
There are signs growth is slowing. Manufacturing and service industries barely expanded in May according to the purchasing managers indexes and retail sales suffered the biggest annual decline in April since records began in 1995.
Christine Lagarde said in an interview with France Info radio today that the percentage of the working-age population in jobs rose in the first quarter to 65.1 percent from 64.7 percent.
France Services PMI May 2008
Euro zone services activity slipped close to contraction in May, in line with expectations, as growth took a sharp hit in France, while inflationary pressures mounted, a key survey showed on Wednesday. The RBS/NTC Eurozone Services Purchasing Managers index fell to 50.6 in May, the same level as the flash estimate and as forecast by economists, from 52.0 in April.
The rate of expansion in the French services sector was down again in May according to the NTC purchasing managers' index. The index was revised down to 50.5 from a provisional figure of 50.7, compared with a reading of 52.8 in April, and is now only just above the 50 dividing line which separates expansion from contraction.
The rate of expansion in the French services sector was down again in May according to the NTC purchasing managers' index. The index was revised down to 50.5 from a provisional figure of 50.7, compared with a reading of 52.8 in April, and is now only just above the 50 dividing line which separates expansion from contraction.
Monday, June 2, 2008
France Manufacturing PMI May 2008
NTC Economics reported on Monday that the French manufacturing purchasing managers' index came in at 51.5 in May, up from both the expected 51.3 reading and the previous month's 51.1 level.
However, new orders, suppliers' delivery times, stock of purchases and quantity of purchases were the only categories which saw improvements in May, rising to 51.2, 45.7, 49.2 and 51.3 from 48.6, 43.9, 47.5 and 50.4 respectively.
"Although there were signs of firmer domestic demand, with new orders rebounding modestly following April's decline, exports remained a drag on order books as the strong euro and soft demand in the US and elsewhere continued to weigh on foreign sales," economist Jack Kennedy at NTC Economics said in a press release.
Kennedy concluded that the manufacturing sector would not contribute significantly to French economic growth in the second quarter of 2008 and that the jump seen in Q1 will not be seen in the following quarter.
However, new orders, suppliers' delivery times, stock of purchases and quantity of purchases were the only categories which saw improvements in May, rising to 51.2, 45.7, 49.2 and 51.3 from 48.6, 43.9, 47.5 and 50.4 respectively.
"Although there were signs of firmer domestic demand, with new orders rebounding modestly following April's decline, exports remained a drag on order books as the strong euro and soft demand in the US and elsewhere continued to weigh on foreign sales," economist Jack Kennedy at NTC Economics said in a press release.
Kennedy concluded that the manufacturing sector would not contribute significantly to French economic growth in the second quarter of 2008 and that the jump seen in Q1 will not be seen in the following quarter.
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