CANADA NOV BUDGET DEFICIT CAD8.2 BLN VS YEAR AGO CAD4.0 BLN

MNI BRIEF: Fed's Goolsbee Supports Slowing Rate Cuts

CANADA DELAYS IMPLEMENTING CAPITAL GAINS TAX HIKE TO JAN 2026

MNI BRIEF: US Dec Core PCE Inflation In Line With Expectations

MNI BRIEF: Fed's Bowman Wants Inflation Progress Before Cuts

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100 BPS TO 13.25%

MNI: BAKER HUGHES US RIG COUNT 582; OIL RIGS 479; GAS RIGS 98

BAKER HUGHES CANADA RIG COUNT 258; OIL RIGS 186; GAS RIGS 72

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

FRANCE DATA: France M/M PPI Highest Since March 2022

FRANCE DATA
CEEMEAEurozoneData BulletFranceBulletMarketsFixed Income BulletsForeign Exchange Bullets

France November PPI rose 3.2% M/M (vs 0.9% prior), the highest sequential reading since March 2022. However, do note that this is non-seasonally adjusted data and November typically sees the largest sequential increase of the year.

  • On an annual basis it has now been in negative territory for 15 out of the past 16 month, and fell in November 2024 by 5.2% Y/Y (vs a revised fall of 6.0% from -5.7% in October).
  • The sequential increase was driven by extractive industries, energy and water producer prices (which accounts for 25% weight of total PPI) rising 12% M/M (vs 2.5% prior) - the highest reading since November 2021. The press release notes this firmness was driven by an increase in electricity prices
  • The remaining 75% weighting is accounted for by manufactured goods which remained flat M/M (vs 0.3% growth in October). 
image
137 words

To read the full story

Close

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 November PPI rose 3.2% M/M (vs 0.9% prior), the highest sequential reading since March 2022. However, do note that this is non-seasonally adjusted data and November typically sees the largest sequential increase of the year.

  • On an annual basis it has now been in negative territory for 15 out of the past 16 month, and fell in November 2024 by 5.2% Y/Y (vs a revised fall of 6.0% from -5.7% in October).
  • The sequential increase was driven by extractive industries, energy and water producer prices (which accounts for 25% weight of total PPI) rising 12% M/M (vs 2.5% prior) - the highest reading since November 2021. The press release notes this firmness was driven by an increase in electricity prices
  • The remaining 75% weighting is accounted for by manufactured goods which remained flat M/M (vs 0.3% growth in October). 
image