Producer prices in the French domestic market fall by 5.2%

Producer prices in France continue to fall sharply in November, according to data from the French National Statistics Office, “INSI,” on Friday.
It fell in the local market by 5.2% on an annual basis.

Producer prices in France

But the decline was slower than the 6% seen in October.
Prices also fell for the 12th month in a row, while data showed that the prices of mining, quarry products, energy and water fell by 14.7%.

Prices of coke and petroleum products

In the same way, prices of coke and refined petroleum products fell by 13.2% and prices of manufactured products by 0.5%.
On a monthly basis, producer prices for household appliances rose at a faster pace, by 3.2% in November compared to 0.9% in October.
Preliminary data from the National Institute of Statistics and Economic Studies in France showed that the growth of the French economy exceeded estimates.

French economy

He indicated about a hair ago that it accelerated by 0.4% in the third quarter of 2024 from 0.2% in the second quarter.
He pointed out that this acceleration came thanks to the impact of the Paris Olympics, while economists, according to Reuters, expected GDP growth in the third quarter to be 0.3% on average.
The influx of tourists to attend the Paris Olympics boosted consumer spending in the euro zone’s second-largest economy, which grew by 0.5% in the third quarter.

French budget for 2025

Regarding the French budget for 2025, the government had also previously announced it, aiming to reduce the huge French deficit before submitting it to the French Parliament.
At that time, an austerity budget was presented aimed at saving $60 billion and new taxes targeting mainly the rich in order to reduce the deficit.
On the other hand, the Central Bank of France revealed a major change in the classification of companies for the first time in 40 years.

Credit rating of companies in France

The threshold for the turnover required to obtain a credit rating was raised from 750 thousand euros to 1.25 million euros as of the beginning of next January 2025.
Unlike agencies like S&P and Moody’s, the Bank of France’s ratings are free and based on comprehensive data drawn from multiple sources.
It comes including official records, tax documents, and corporate accounts.