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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.

July 24, 2023
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France PMI manufacturing 44.5 (consensus 46.0) in Jul-23

- France's PMI for manufacturing recorded a decline in July 2023, standing at 44.5 compared to the previous month's 46.0, indicating a deeper contraction in the sector, contrary to expectations.
- The manufacturing PMI was 3.00 points lower than the one-year average, signaling a significant deviation from the historical trend and raising concerns about the overall health of the industry.

July 24, 2023
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France PMI services 47.4 (consensus 48.4) in Jul-23

- France's PMI services index for July 2023 contracted to 47.4, the lowest level since February 2021 and below the previous month's reading of 48.0.
- The decline in the services sector performance indicates challenges that are worse than expected, posing concerns for employment, investment, and overall economic growth.

June 30, 2023
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France HICP inflation 5.31% y-o-y in Jun-23

- The June 2023 HICP inflation rate in France stood at 5.31% year-on-year, representing a slowdown compared to the previous month's rate of 6.01%.
- Despite this moderation, the current inflation rate remains 3.48 percentage points above the long-run average, indicating a higher level of price growth over a broader time span.

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