High Frequency Infographic France: slowdown amid fears about purchasing power.

Activity: our trackers report the ongoing slowdown initiated in March, both in terms of GDP and household consumption. Confirmation of this trend would probably result in a decline of the GDP in Q2. Health situation : the number of hospitalisations picked up again in the last weeks, + 4,560 between 25 March and 20 April. However, the increase in resuscitation services remains limited. The slowdown in epidemic dynamics points to wards further improvement. French concerns : in the wake of the first round of the presidential elections, the hierarchy of French concerns according to the Google Trends presented has not changed: environment and purchasing power remain largely ahead of the pandemic or the conflict in Ukraine. Inflation/commodities : after three week of decline, fuel prices rose slightly in the past week following to a lesser extent the Brent. The trend is also upwards for agricultural commodities, with price levels lower than the peaks reached in the first part of March.