French surge will speed down

French surge will speed down

In 2018, French economic surge is expected to speed down amid a strengthening common currency, higher crude prices as well as uncertainty as for protectionism. That’s what the INSEE stats agency predicted on Tuesday.

To be exact, French surge is expected to speed down to about 1.7% having reached a decade maximum of 2.3% the previous year, according to INSEE’s quarterly economic outlook.

Just like other euro zone countries, France also saw surge speeding down abruptly in the first quarter after a powerful end to last year because crude rallied 23% and the common currency managed to leap versus the greenback, making the bloc's exports more costly.

Unlike other euro zone nations, leaps in several taxes put pressure on consumer spending in France in the beginning of 2018, while Airbus deliveries slumped after an end of year jump.

After quarterly surge of only 0.2% for the first three months, it was caught soaring to just 0.3% in the second quarter because rails along with strikes eat up 0.1% of surge.

INSEE predicted the rate would get to 0.4% percent for the third as well as fourth quarters.

Over the course of 2018, business investment was considered to be the key driver of surge notwithstanding the soaring specter of protectionism contributing to uncertainty.

Nevertheless, the tempo of job creation was caught speeding down to 183,000 in 2018 versus 340,000, bringing unemployment down 0.2% to an outcome of 8.8% by the end of 2018.

With the labor market getting better, consumer spending ascended 1% in 2018, just marginally slower than in 2017, while higher inflation was anticipated to affect households' purchasing power.

Underpinned by higher energy prices, inflation managed to rally to up to 2.3% in 2018 before diving to about 1.7% by the end of 2018.

Similar

Gold Outlook Ahead of NFP
Gold Outlook Ahead of NFP

Good day for all traders out there! We prepared a gold analysis and a bunch of other news for you to enjoy! Here's what you should know:

The Spike is Almost There
The Spike is Almost There

China delays GDP data because of potentially harmful numbers, but we will never delay our news because every release is an opportunity to trade on it! Here’s what will move markets today:

Latest news

Increased Volatility is Coming
Increased Volatility is Coming

The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera