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France Unemployment Rate 7.4% (consensus 7.3%) in Q3-23

- France's unemployment rate in Q3-23 stands at 7.4%, rising slightly beyond the 7.3% consensus estimate and indicating a weakening labour market.
- This is the highest unemployment rate since Q3-21 and 0.18 percentage points above the average of the past year, but it remains 0.1pp below the long-run average.

France Flash HICP Inflation 4.5% y-o-y (consensus 4.5%) in Oct-23

- France's flash HICP inflation in October 2023 stood at 4.5% year-on-year, as expected, marking a decrease from the previous month's rate of 5.6% and the lowest growth since February 2022.
- The current inflation rate is 1.63 percentage points below the one-year average, indicating a deceleration in price growth, albeit to still-excessive levels.

France Flash PMI Composite 45.3 (consensus 44.4) in Oct-23

- France's Flash PMI Composite for October 2023 shows a slight improvement from the previous reading, indicating a contraction in economic activity but with signs of stabilization.
- The Flash PMI Manufacturing and Flash PMI Services also depict contraction, implying ongoing challenges, especially in the manufacturing sector where conditions deteriorated.

France HICP inflation 5.65% y-o-y in Sep-23

- France's HICP inflation in September 2023 stood at 5.65% year-on-year, showing a slight decrease from the previous reading of 5.72%. This represents the lowest growth rate since July 2023.
- The current HICP inflation is 0.73 percentage points below the one-year average, signaling a deviation from the recent trend of higher inflation. However, it still remains 3.79 percentage points above the long-run average, indicating elevated inflationary pressures.