A survey of the confidence of businesses in France across the industrial, services, construction, retail and wholesale sectors reached its highest level since 2008 according to figures released Thursday by the country's national staistics office INSEE, which also predicted Gross Domestic Product would grow by 1.8% this year after recording expansion of around 1% over the previous three years.
There were just more than 90,000 new jobs created in the French private sector during the second quarter of this year, a 0.5% rise on the first quarter and marking the 11th consecutive quarter in which private-sector jobs have grown, with most created in services and construction.
The problem of unemployment is France is well-documented and discussed each month when the latest jobless totals are published. Less well-known, however, is the issue of underemployment affecting people on short-term contracts, in temporary jobs, on workplace experience or those trying to become self-employed. As Mathilde Goanec explains, there are two constant factors in this world of workplace insecurity – a rapid turnover in jobs and ever-greater problems in eventually finding full-time fixed employment.
The unemployment rate in France dropped below 10% during the second quarter of this year, and for the first time since 2012, according to figures released on Thursday by the French National Institute of Statistics and Economic Studies (INSEE). The news appears to pave the way for President François Hollande to announce his re-election bid in next year’s presidential elections but, as Martine Orange reports in this analysis of the figures, the slight fall in official jobless numbers cannot mask the grim reality of France’s endemic unemployment.
In its latest study on household income and capital, France's statistical agency INSEE notes that the median standard of living in France fell by 1.1% between 2008 and 2013, a drop not seen since records began in 1996. For the 10% worst-off families the fall was even greater, with their income falling by 3.5%. The agency writes of an “unprecedented worsening of poverty in France”. Laurent Mauduit reports.
Manufacturing output surged to 2.6 percent year-on-year to January, while the 82,300 jobs created last year was highest since the crisis of 2007.
The Eurozone’s second-largest economy grew by 1.1 per cent last year compared with 0.2 per cent growth in 2014, figures show.
The numbers of people leaving France to live abroad has risen dramatically over the past eight years in comparison to the numbers of those taking up residence in the country, according to a study published this week by the French National Institute of Statistics and Economic Studies. The institute also found that immigration now accounts for a relatively small proportion of the growth in the French population. Michel de Pracontal reports.
Two forecasts suggest that despite some economic progress both French consumers and businesses will 'wait and see' before spending or investing.
French consumer prices in January fell year-on-year by 0.4%, with energy costs dropping 7.1% and prices of manufactured goods down 1.4%.
The French national statistics office INSEE foresees domestic product growth rise in early 2015, helped by oil price tumble and weak euro.
France's INSEE agency said core inflation fell to -0.2pc in November in clearest sign yet that economy is succumbing to deflationary forces.
Statistical agency INSEE says total national debt is 2.023 trillion euros which represents 95.1 percent of French GDP.