During the second quarter of 2019, France’s GDP registered a year-over-year growth rate of 1.38%, 0.10 p.p. higher than the one from the previous quarter. The main driver of the performance of GDP in 2Q19 was the acceleration of the domestic demand, offsetting the performance of the external sector. Regarding the labor market, the unemployment rate decreased by 0.20 p.p. with respect to the first quarter of the year, reaching 8.20%, while the employment creation growth rate accelerated by 0.04 p.p. when compared to 1Q18, standing at -0.18%. For its part, inflation registered a 1.13% rate, after a deceleration of 0.07 p.p. when compared to the previous quarter. The euro depreciated against the dollar, reaching an exchange rate of stood at 1.13 $/€ which was 0.01 p.p. lower than the previous quarter.
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