Inflation is falling, growth is hesitant Economic Outlook - June 2023


Conjoncture in France
Paru le :Paru le26/06/2023
Conjoncture in France- June 2023

Focus - Comparison of change in margin rate in the main Eurozone countries

Corporate margins in the main Eurozone countries have fluctuated sharply upwards and downwards since 2020. In 2022, in particular, against a backdrop of rising energy input prices, the deterioration in domestic terms of trade (ratio of value-added prices to consumer prices) negatively affected the aggregate margin rate, not only in France but also in Germany, Italy and Spain. The end of aid payments to enterprises during the health crisis was another factor contributing to the decline in the margin rate in 2022, in France as in Germany. Conversely, the drop in the real cost of labour, due to wages increasing at a slower rate than prices, boosted the margin rate in all four countries. This was also the case for productivity gains in Italy and Spain…

Conjoncture in France

Paru le :26/06/2023