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On 15 October, the new government formed by the Democratic Party (PD) and the Five Star Movement (M5S) submitted the draft 2020 budget to the European Commission (EC) for approval.
On 27 September, the French government presented its draft 2020 budget, which estimates a deficit of 2.2% of GDP. P.
Industrial output jumped 5.6% year-on-year in September, contrasting the 1.3% drop recorded in August, according to the Central Statistical Office (GUS).
The core consumer price index declined 0.1% in month-on-month seasonally-adjusted terms in September, contrasting Augusts 0.1% uptick. Core inflation fell from 0.5% in August to 0.3% in September.
Non-oil domestic exports (NODX) fell 8.1% year-on-year in September, improving slightly from the revised 9.0% decline in August (previously reported: -8.9% year-on-year).
Industrial production grew 3.7% on an annual basis in September, significantly down from Augusts 6.9% increase which had marked the highest reading since September 2017.
Seasonally-adjusted employment rose by 14,700 in September, following a revised 37,900 job addition in August (previously reported: +34,700).
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