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The health of the US jobs market will also be in the spotlight today, when the latest non-farm payroll is published.
Economists expect a slowdown in hiring last month, with around 193,000 new jobs created, down from 253,000 in April.
Already well above the eurozone average, the ‘whatever it costs’ approach of the government has led to a significant increase in French public debt since the pandemic, rising from 97.4% of GDP in 2019 to 111.6% of GDP in 2022.
Over the period, this represents an increase of 14.2 percentage points, the highest among eurozone countries after Spain. By the end of 2022, France was the fifth country with the highest debt-to-GDP ratio in the eurozone, well above the European target of 60%.
