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August 23, 2023
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France PMI services 46.7 (consensus 47.5) in Aug-23

- France's PMI services sector declined to 46.7 in August 2023, indicating a surprisingly steep contraction (consensus 47.5) and marking the lowest level since February 2021.
- Compared to the one-year average, the PMI services reading demonstrates a significant deviation of 4.02 points, reflecting a notable deterioration in the sector.

August 11, 2023
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France unemployment rate 7.2% (consensus 7.1) in Q2-23

- France's unemployment rate in Q2-23 was 7.2%, slightly higher than the consensus forecast of 7.1%, marking the highest level since Q3-22.
- Despite some positive economic indicators such as GDP growth and PMI figures, the unemployment rate still remains significantly above the long-run average, highlighting the need for targeted policies.

July 28, 2023
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France HICP inflation 5.04% y-o-y (consensus 5.1%) in Jul-23

- France's HICP inflation rate dropped to 5.04% year-on-year in July 2023, marking a slowdown from the previous month, broadly as expected.
- Despite the decline, the current inflation rate remains substantially higher than the long-term average, suggesting ongoing inflationary pressures in the French economy.

July 28, 2023
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France GDP growth 0.5% q-o-q in Q2-23

- France's GDP growth in Q2-23 improved significantly by 0.5% q-o-q, surpassing the previous quarter's growth rate of 0.1% and representing the highest growth rate since Q3-21.
- Despite the positive growth, the current rate remains below the long run average by 0.25 percentage points, suggesting ongoing challenges for the French economy to achieve sustained growth.

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