The service activity index in the French economy extended growth in August less than expected, as data released by Markit on Thursday showed that the French services PMI came at 51.5 in August, compared to 57.3 in July. Analysts had expected 51.9 The Euro is trading at 1.1823, down about …
Read More »French Unemployment Rate Hits 37-Year Low
Data from the National Institute of Statistics and Economic Studies in France showed that unemployment in the country fell to its lowest level in 37 years during Q2, as a downward trend that continued for several years was exacerbated by the general isolation measures imposed to confront the Coronavirus, which …
Read More »French Jobless Total Drops in June
Data from the French Ministry of Labor showed on Monday that France is experiencing the largest decrease in total unemployment as job seekers find part-time jobs. The ministry said the number of unemployment in government employment agencies decreased by 204,700 in June, the largest monthly drop ever to 4,220,900. The …
Read More »French Business Activity Rebounded
Data from HIS Markit showed that French business activity rebounded much more than expected in July with a rebound in the post-lockdowns service sector gained momentum. IHS Markit reported that the preliminary PMI jumped to 57.6 from 51.7 in June, its highest level since January 2018. It came above analysts’ expectations …
Read More »French President Macron: Achieving COVID-19 recovery deal is likely
After extending talks in Brussels to the fourth day, EU leaders are inching closer to a 1.8T Euro stimulus package in light of the economic damage caused by the coronavirus pandemic. French Finance Minister Bruno Le Maire said on Monday an agreement on a recovery plan at the European Council …
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