2023-09-07 19:52:25
The La Défense business district, the economic heart of France. Jean-Christophe MARMARA/Le Figaro
Some producers took advantage of inflation to increase their margins. Could France find itself caught up in this trend?
The two years of inflation that we have just experienced have had a profound impact on the economic landscape. “The losers are the households whose purchasing power has declined, especially in Europe. The winners are the companies which increased their margins and the governments which received additional revenue and thus were able to demonstrate budgetary largess. summarizes Bruno Cavalier, chief economist at Oddo.
Having absorbed the shock of the war in Ukraine and the surge in energy prices, companies have indeed, in recent months, resolutely increased their profitability. According to INSEE, their margin rate even reached the very comfortable level of 33.2% in the second quarter compared to 32.3% the previous quarter and 31.7% on average in 2022. “This increase comes mainly from the clear improvement in the terms of trade linked to the fall in the price of energy imports. The margin rate is increasing in particular in the energy sectors, with the drop in import prices not being…
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