Recent Updates
- Czech Republic: Construction (Jun)
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Economy in Brief
U.S. Consumer Credit Growth Surges in June
Consumer credit outstanding jumped $40.1 billion (7.7% y/y) in June...
Japan's LEI Waffles and Slows
Japan's leading economic index in June slipped to 100.6...
U.S. Foreign Trade Deficit Narrows in June
The U.S. trade deficit in goods and services (BOP basis) fell to $79.61 billion in June...
U.S. Unemployment Claims Remain on an Uptrend
Initial claims for unemployment insurance filed in the week ended July 30 rose 6,000 to 260,000...
RICS Survey Shows Weakening U.K. Housing Market
With the Bank of England hiking its key rate by 50 basis points and planning to squeeze its balance sheet...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
Excess Demand for Goods Caused Supply Constraints
Q2 GDP Does Not Confirm Economic Recession, But It Does Confirm A Corporate Profit Recession
State Coincident Indexes in June 2022
State Labor Markets in June 2022
No Recession Call Can Be Made Before BEA Explains The Record Gap Between Income & Output
by Robert Brusca November 20, 2007
We continue to monitor order trends. Trends for France are still higher over 12 months at +6.4%. Foreign orders are a half step behind at +5.5%. But over six months the growth rate is lower and over three months the growth rate is negative for both overall and foreign orders. Total and foreign orders are lower in two of the most recent three months.
The French economy has been losing momentum and now it is beset with strikes. These are in sharp contrast with the post election enthusiasm that kept sentiment strong well after the elections. The prospect of change was invigorating; the reality of what it will really mean appears to be disappointing. That swing from euphoria to worker strikes could do damage to the economy. The strong Euro has played a role in the slowing of the economy as well as throughout the Euro area. Sarkozy has his work cut out for him.
French Orders | ||||||
---|---|---|---|---|---|---|
Saar exept m/m | Sep-07 | Aug-07 | Jul-07 | 3-mo | 6-mo | 12-mo |
Total | -2.3% | -1.0% | 0.5% | -10.7% | 4.2% | 6.4% |
Foreign | -3.1% | 0.5% | -1.2% | -14.5% | 2.1% | 5.5% |