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June 23, 2023
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France PMI services 48.0 in Jun-23



- The PMI for services in France declined to 48.0 in June 2023, the lowest level since February 2021, indicating a contraction in the services sector and a significant deterioration from the previous reading of 52.5.
- The current PMI for services in France is 3.61 points below the one-year average, signaling a notable deviation from the usual trend and suggesting a challenging economic environment.
June 15, 2023
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France HICP inflation 6.01% y-o-y in May-23


- France HICP inflation rate for May-23 stands at 6.01%, marking a slight decline from the previous month.
- The current inflation rate is below the one-year average but remains significantly higher than the long-run average, indicating underlying structural factors.
May 31, 2023
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France GDP growth 0.2% q-o-q in Q1-23


- France's GDP growth in Q1-23 shows a positive momentum with a 0.2% q-o-q expansion, the highest since Q2-22.
- However, this growth rate falls slightly below both the one-year and long-run averages, indicating the economy's recovery but challenges in achieving sustained growth.
May 17, 2023
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France unemployment rate 7.1% in Q1-23



- France's unemployment rate in Q1-23 remained constant at 7.1% compared to the previous quarter.
- The current unemployment rate in France is 0.12% lower than the average of the past year and 1.93% lower than the long-run average.

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