Archive

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.

France PMI manufacturing 43.6 (consensus 46.0) in Sep-23

- France's manufacturing PMI crashed to 43.6 in September 2023, indicating a contraction in manufacturing activity compared to the previous month and expectations of 46.0.
- The PMI for September 2023 was 3.22 points below the 1-year average, indicating greater difficulties in the manufacturing sector compared to the broader trend.

France PMI services 43.9 (consensus 46.0) in Sep-23

- France PMI services plunged to 43.9 in Sep-23, contrary to expectations for stability at 46.0, reaching the lowest level since Nov-20.
- The reading was 6.02 points below the one-year average, indicating a significant departure from the typical level of activity observed over the past year.

France HICP inflation 5.71% y-o-y (consensus 5.4%) in Aug-23

- France's HICP inflation surged to 5.71% year-on-year in August 2023, marking the highest growth since May 2023.
- Despite being 0.72 percentage points below the one-year average, this inflation rate remains significantly higher than the long-run average by 3.86 percentage points.