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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
MNI (London)
FRANCE NOV PPI +1.2% M/M; OCT -0.2%r M/M
FRANCE NOV PPI +21.5% Y/Y; OCT +24.7% Y/Y
- French factory-gate inflation accelerated on the month in November by +1.2% m/m after contracting by -0.2% m/m in October.
- Compared to November 2021, PPI rose by +21.5% y/y, slowing by 3.2pp from October. Both base-effects and slowing price growth were evident.
- Energy was again the key driver in PPI inflation (up +4.9% m/m), outpacing the -11.5% m/m fall in petrol prices. Further upwards pressure came from higher automobile prices, food prices and the chemical industry.
- Deflationary effects were observed in manufactured goods, easing to -0.5% m/m after +1.4% m/m in October.
- Weakening demand appears to be filtering into lower charged prices. This will continue to have deflationary effects as the French economy appears to be on the cusp of stalling in Q4.
- Spanish PPI is due at 0800 and likely to follow suit.
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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