Economic dashboard

Key figures
Paru le : Paru le 07/08/2020
- August 2020

National key indicators

National key indicators
National key indicators Update date Value date Value Tendency / previous period Reference period
Economic growth 31/07/2020 2nd quarter 2020 –13,8 % Q/(Q-1)
Consumption 31/07/2020 June 2020 48,1 billion euros M/(M-1)
Household confidence 29/07/2020 July 2020 94 M-(M-1)
Payroll employment 07/08/2020 2nd quarter 2020 19129 thousands Q/(Q-1)
Unemployment rate 14/05/2020 1st quarter 2020 7,8 % Q/(Q-1)
Consumer prices 31/07/2020 July 2020 +0,8 % Year-on-year change M/(M-12)
Manufacturing output 07/08/2020 June 2020 +14,4 % M/(M–1)
Production capacities 23/07/2020 3rd quarter 2020 74,5 % Q/(Q–1)
Labour cost 16/06/2020 1st quarter 2020 +1,2 % Year-on-year change Q/(Q–4)
Business climate
All sectors 23/07/2020 July 2020 85 M-(M–1)
Manufacturing industry 23/07/2020 July 2020 82 M-(M–1)
Services 23/07/2020 July 2020 90 M-(M–1)
Building industry 23/07/2020 July 2020 M-(M–1)
Retail trade 23/07/2020 July 2020 88 M-(M–1)
Wholesale trade 23/07/2020 4th two-month 2020 80 M-(M–2)

In Q2 2020, GDP shrank by 13.8%

Gross domestic product and its components

  • Source: INSEE
Value date GDP growth Q/(Q–1) Next publication
2nd quarter 2020 –15,7 % –13,8 % 28 August 2020

In June, household consumption expenditure on goods exceeded its February level (+2.3%) but decreased sharply over the second quarter (–7.1%)

Consumption

  • Source: INSEE
Value date M/(M–1) Year-on-year change M/(M–12) Next publication
June 2020 +9,0 % +1,3 % 28 August 2020

In July 2020, households’ confidence has decreased

Household confidence

  • Source: INSEE
Value date Value M-(M–1) in points Next publication
July 2020 94 –2 26 August 2020

In Q2 2020, private payroll employment decreased by 0.6% (flash estimate)

Payroll employment

  • Source: INSEE
Value date Q/(Q–1) Year-on-year change Q/(Q–4) Next publication
2nd quarter 2020 –0,6 % –2,5 % 08 September 2020

In Q1 2020, the labour market to the test of the health crisis

Persons employed in the sense of the ILO

  • Source: INSEE
Value date Value (France) Q/(Q–1) in points Next publication
1st quarter 2020 7,8 % –0,3 13 August 2020

In July 2020, consumer prices increased by 0.8% year on year

Consumer price index

  • Field: France
  • Source: INSEE
Value date M/(M–1) Year-on-year change M/(M–12) Next publication
July 2020 +0,4 % +0,8 % 14 August 2020

In June 2020, manufacturing continued to recover (+14.4%)

Manufacturing output index

  • Source: INSEE
Value date M/(M–1) Year-on-year change M/(M–12) Next publication
June 2020 +14,4 % –12,5 % 10 September 2020

In July 2020, the production capacity utilisation rate in industry has partially recovered

Production capacities

  • Source: INSEE
Value date Value Q/(Q–1) in points Next publication
3rd quarter 2020 74,5 % +14,0 22 October 2020

In Q1 2020, labour cost index - wages and salaries rose by 1.3% and total labour cost index by 1.5%

Labour cost

  • Source: INSEE
Value date Q/(Q–1) Year-on-year change Q/(Q–4) Next publication
1st quarter 2020 +0,7 % +1,2 %

In July 2020, both the French business climate and the employement climate, albeit still deteriorated, have continued to recover

Business climate

  • Field: Metropolitan France
  • Source: INSEE
Value date Value M-(M–1) in points Next publication
July 2020 85 +6 27 August 2020

In July 2020, the business climate in the manufacturing industry has improved again but remains deteriorated

Manufacturing industry

  • Field: Metropolitan France
  • Source: INSEE
Value date Value M-(M–1) in points Next publication
July 2020 82 +5 27 August 2020

In July 2020, the business climate in services has sharply improved for the third month in a row

Services

  • Field: Metropolitan France
  • Source: INSEE
Value date Value M-(M–1) in points Next publication
July 2020 90 +11 27 August 2020

In July 2020, the opinion of business managers in the building industry on their activity prospects for the next three months has improved again

Building industry

  • Field: Metropolitan France
  • Source: INSEE
Value date Value M-(M–1) in points Next publication
July 2020 27 August 2020

In July 2020, the business climate in retail trade has continued to recover

Retail trade

  • Field: Metropolitan France
  • Source: INSEE
Value date Value M-(M–1) in points Next publication
July 2020 88 +4 27 August 2020

In July 2020, the business climate in wholesale trade has rebounded markedly but remains very deteriorated

Wholesale trade

  • Field: Metropolitan France
  • Source: INSEE
Value date Value M-(M–2) in points Next publication
4th two-month 2020 80 +13 24 September 2020