Arab Today, arab today french car sales falter amid industrial gloom data shows
Last Updated : GMT 07:58:57
Arab Today, arab today
Arab Today, arab today

French car sales falter amid industrial gloom, data shows

Arab Today, arab today

Arab Today, arab today French car sales falter amid industrial gloom, data shows

The cockpit of the first ZOE electric car made by French carmaker Renault during its official presentation in Paris
Paris - AFP

 The French car market, struggling to recover from a steep downturn last year, faltered badly in May when sales rose by just 0.1 percent although French automakers including hard-hit Peugeot did well, trade data showed on Monday.
Car sales are an important indicator of business and household confidence which in France is overhung by low growth, tax rises to correct the national budget, and record unemployment.
The latest car data fits an overall picture of unsteady confidence in the French manufacturing sector, a picture confirmed by new overall data for the sector on Monday.
Meanwhile in austerity-hit Spain, trade figures showed that car sales jumped by 16.9 percent in May to 82,480, boosted by a programme of government subsidies for cars bought to replace old vehicles.
In France, for the whole of this year, the CCFA expects the number of new car sales to rally by 1.0 percent, but its spokesman said that this could be revised upwards next month.
The PSA Peugeot Citroen group, which has just opened up to Chinese group Dongfeng and the French state as shareholders in an effort to pull away from crisis, together with the Renault group, performed strongly in May when French sales overall were undermined a series of holiday weekends.
But foreign brands suffered, falling 6.2 percent as a whole.
The French CCFA trade body of French carmakers, which publishes the monthly data, said that sales by showrooms were weak overall because many people had gone away for long weekends.
In the month, 148,573 new cars were registered, marking a rise of 0.1 percent from the level a year ago, allowing for calendar differences in the number of working days.
This was sharply down from growth of 8.9 percent in March and 5.8 percent in April.
Sales by Peugeot Citroen rose by 3.9 percent in May and sales by Renault, which controls Japanese Nissan and owns the Romanian low-cost brand Dacia, rose by 9.0 percent.
However, production by these two groups in their factories in France jumped by 18.2 percent in the first quarter of the year, including a 21.3 percent surge for Peugeot Citroen as it fights to overcome its financial crisis.
The manufacturers which did best were those offering small sports utility vehicles (SUVs), the CCFA said.
Meanwhile, a closely watched indicator of how the economy is likely to perform, the PMI purchasing managers' index for overall manufacturing in France, was sluggish in May.
The index, published by the Markit private company, gave a reading of 49.6, slightly better than 49.3 in a first estimate but down from 51.2 in April.
This was the first fall for three months and went below the 50-point level which marks growth or contraction.
Markit economist Jack Kennedy said that the disappointing May figure was evidence that the economy lacked the drive needed for real recovery.
On May 22, the French official statistics office INSEE published data showing a worsening of sentiment among French industrialists.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today french car sales falter amid industrial gloom data shows Arab Today, arab today french car sales falter amid industrial gloom data shows

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today french car sales falter amid industrial gloom data shows Arab Today, arab today french car sales falter amid industrial gloom data shows

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israeli court convicts Palestinians of 2016

GMT 04:39 2017 Tuesday ,17 October

Israeli court convicts Palestinians of 2016
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday