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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
FRANCE DATA
France Q2 Flash GDP came in firmer than expected on both a quarterly and yearly basis at 0.3% Q/Q (vs 0.2% consensus, 0.3% revised prior from 0.2%), and 1.1% Y/Y (vs 0.7% consensus, 1.5% revised prior from 1.3%).
- Foreign trade growth is estimated to have contributed 0.2% (vs 0.3% in Q1) to Q2 quarterly GDP with imports at 0% Q/Q (vs -0.3% prior), and exports growing 0.6% Q/Q (vs 0.7% in Q1), whilst final domestic demand (excluding stocks) contributed 0.1% to Q2 GDP.
- Imports were driven down by imports of manufactured products printing -0.4% Q/Q (vs 0.6% prior), according to the press release particularly in the transport equipment segment.
- Last week, France Manufacturing Sentiment according to Insee dropped to the lowest since December 2020 driven by a deterioration in the business climate in the transport equipment sector. If this trend persists, it may potentially see imports falling in the second half of 2024.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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