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French economy growth confirmed at 0.1pct in Q1
French economy growth confirmed at 0.1pct in Q1

New Straits Times

time4 days ago

  • Business
  • New Straits Times

French economy growth confirmed at 0.1pct in Q1

KUALA LUMPUR: France's economy grew slightly in the first quarter, final data from statistics office INSEE showed on Wednesday, confirming the preliminary reading of 0.1 per cent that showed a rise in companies' inventories balancing out weak domestic demand and exports. The result was in line with an average forecast in a Reuters poll of 24 economists. French households' purchasing power increased by 0.3 per cent, the same rate as in the previous quarter. Household savings rate grew to 18.8 per cent in the first quarter from 18.5 per cent in the last quarter of 2024, the statistics office said. French corporate profit margins inched down to 31.8 per cent in the first three months of the year from 32 per cent in the previous period.

France expects May CPI to rise by 0.7 pct, lowest increase since February 2021
France expects May CPI to rise by 0.7 pct, lowest increase since February 2021

The Star

time4 days ago

  • Business
  • The Star

France expects May CPI to rise by 0.7 pct, lowest increase since February 2021

PARIS, May 27 (Xinhua) -- France's consumer price index (CPI) is expected to rise only by 0.7 percent year-on-year in May, marking the lowest increase since February 2021, the French National Institute of Statistics and Economic Studies (INSEE) said Tuesday. INSEE attributed the expected drop in inflation to a slowdown in service prices, particularly in the transport sector. A sharper decline in communication costs and a deeper fall in energy prices also contributed. According to INSEE's preliminary report, the service prices are expected to rise by 2.1 percent year-on-year in May, down from 2.4 percent in April, while energy prices are projected to decrease by 8.1 percent in May, against the 7.8 percent in the previous month. "The current developments are rather disinflationary," said Sylvain Bersinger, an economist at consulting firm Asteres. "It is therefore likely that inflation will remain low until the end of the year," he told the French economic newspaper Les Echos.

Study: Maghreb Immigrants Among Most Qualified in France
Study: Maghreb Immigrants Among Most Qualified in France

Morocco World

time23-05-2025

  • Business
  • Morocco World

Study: Maghreb Immigrants Among Most Qualified in France

Doha – A new study by the French National Institute of Statistics and Economic Studies (INSEE) shows immigrants arriving in France are more educated than ever, with those from North Africa leading a remarkable leap in educational attainment. The INSEE data, released on Thursday, tracks immigration patterns from 2006 to 2023. It reveals that 52% of immigrants aged 25 and over who entered France in 2023 held university degrees, up from 41% in 2006. Meanwhile, the percentage without qualifications dropped from 30% to 22%. The Maghreb countries registered the strongest progression in the proportion of graduates, with a striking 25-point jump in university-educated immigrants between 2006 and 2023. Today, half of all African immigrants arriving in France possess higher education credentials, compared to fewer than one-third in 2006. The study also documents a major shift in immigration sources. Africa has replaced Europe as the main continent of origin, now accounting for 45% of all immigrant entries to France in 2023, versus just 28% from Europe. In 2006, these proportions were nearly reversed at 31% and 44% respectively. Read also: Report: Moroccans Remain Top Foreign Student Community in France Overall immigration to France has climbed steadily, with arrivals increasing from 234,000 in 2006 to 347,000 in 2023. The report tracks how immigration flows reflected various global events, including economic downturns, geopolitical tensions, and the COVID-19 pandemic. Morocco and Algeria maintain their positions among the top three source countries for new immigrants to France. On average, 15% of all immigrant entries each year involve people born in one of these two Maghreb countries. The gender balance has shifted slightly but women still predominate. Female immigrants represented 51% of newcomers to France in 2023, down from 53% in 2006. On the employment front, about one in three new immigrants aged 15 or older finds work within their first year in France. This rate has remained relatively stable between 2006 and 2023. The employment gap between men and women has narrowed considerably, shrinking from 20 percentage points in 2006 to just 13 points for recent arrivals since 2021. The INSEE report concludes that employment prospects for immigrants tend to improve with their duration of stay in France, due to improved language skills, better understanding of the French job market, completion of studies, and development of professional networks. Tags: Moroccan immigrants in FranceMoroccan students in France

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