Country ageing data | Data | Global AgeWatch Index 2015 pension age in france

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Income security Show indicators Indicators data What does this mean? Pension coverage: n/a % people over 65 receiving a pension. Old age poverty rate: n/a % of people aged 60+ with an income of less than half the country's median income. Relative welfare: n/a Average income/consumption of people aged 60+ as a % of average income/consumption of the rest of the population. GNI per capita: US$ n/a This is a proxy for standard of living of people within a country. It aims to provide comparison across countries. n/a

Health status Show indicators Indicators data What does this mean? Life expectancy at 60: n/a The average number of years a person aged 60 can expect to live. Healthy life expectancy at 60: n/a The average number of years a person aged 60 can expect to live in good health. Relative psychological/mental wellbeing: n/a % of people over 50 who feel their life has meaning compared with people aged 35-49 who feel the same. The indicator measures self-assessed mental well-being. n/a

Capability Show indicators Indicators data What does this mean? Employment of older people: n/a % of the population aged 55-64 that are employed. The indicator measures older people's access to the labour market and their ability to supplement pension income with wages, and their access to work related networks. The employment rate is a proxy for the economic empowerment of older people. Educational attainment: n/a % of population aged 60+ with secondary or higher education. Education is a proxy of lifetime accumulation of skills and competencies that shows social and human capital potential inherent among older people. n/a

Enabling societies and environment Show indicators Indicators data What does this mean? Social connections: n/a % of people over 50 who have relatives or friends they can count on when in trouble. Physical safety: n/a % of people over 50 who feel safe walking alone at night in the city or area where they live. Civic freedom: n/a % of people over 50 who are satisfied with the freedom of choice in their life. Access to public transport: n/a % of people over 50 who are satisfied with the local public transportation systems.

Social pension

Social pensions are non-contributory cash transfers to older people, provided by government. For more information see www.pension-watch.net .

There is no social pension in .

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Comments submitted for this page

DR V.V.BARTHWAL (01 October 2015)

Old Age persons should be give due regard. Number of Old Age people are increasing over the years. There should be an effective government policy for the shelter, health care, employment and social security of these persons.

Adrián (16 September 2015)

In Spain the goverment should take care our elders people trying to give them a non stressful life from their retirement. A big percent of old people in Spain is dealing with economical and family problems when they deserve to live a quiet life.

Lin Yeomans (12 September 2015)

Makes me happy to live in a wonderful Christian Country like Canada

Under60 (12 September 2015)

The definition of a pension must refer to something other than a company sponsored pension plan. I doubt anywhere near 92% of USA citizens receive a company pension. That percentage may be accurate if Social Security payments are counted.

Under60 (12 September 2015)

The definition of a pension must refer to something other than a company sponsored pension plan. I doubt anywhere near 92% of USA citizens receive a company pension. That percentage may be accurate if Social Security payments are counted.

John (11 September 2015)

i think that health status and security insurance in Algeria is one of the best as not to says the best in africa an greater than a lot of asian countries or european even, aged people are well treated

Paolo Ugolini (10 September 2015)

è una classifica molto discutibile perchè in realtà uno svizzero, come me, vivve 100 volte meglio in Grecia che in Sv yoyqvsfy. costco mont blanc pen starwalkerizzera!!! Quindi la classifica si applica solo a quei cittadini bloccati nel loro paese.

A.S.M Mafiul Azam (10 September 2015)

Monthly value in local currency of old age allowance is now 400 in Bangladesh.

Cheng-Hong Hwang (10 September 2015)

I can not understand why you deliberately omit one of the Asian most healthy and prosperous country with 23 millions of people, world's best national health insurance, world's leading medical technology, and social welfare system on par with any developed countries in the world. The red China is not Taiwan. Rather, Taiwan is not China. Two totally different countries separated by a common language, but at two extreme ends of culture,, human value, and political divide. I hope that you do not use data collected from Taiwan to artificially rise Chinese standing. You should publish data from Taiwan separately and independently.

Pedro Echt (09 September 2015)

I would like to suggest you to correct the rate betwen Brazilian local currency, Brazilian Reais, and the US$. Today the rate is 1US$ per R$ 3.78. In your table showing the monthly values in local and in US$ the rate is 1US$ per R$ 2.26, a very high distortion. With my best regards.

Sarah Key (09 September 2015)

I don't know where you guys got your data from, but it cannot be right, at least in Romania's case. I can tell you for sure that this bit is not at all true: "98% pension coverage compared to the regional average of 89.7% and a low rate of poverty in old age (6.4%)". You really need to come over here and check again. :))

Josep de Martí (09 September 2015)

Hi, I'm writing from Spain where I direct a website addressed to the nursing home industry and to those working in or seeking a nursing home or other services addressed to the elder (www.inforesidencias.com) . I think that the fabulous information you share would better if it showed the ammount of social services addressed to the aged offered in any particular country (nursing homes, day care centers

Shamim Jafar (09 September 2015)

Monthly value in Local currency in 400 tk. Please Visit the site Social Service Department of Bangladesh http://www.dss.gov.bd/site/page/7314930b-3f4b-4f90-9605-886c36ff423a/%E0%A6%AC%E0%A7%9F%E0%A6%B8%E0%A7%8D%E0%A6%95-%E0%A6%AD%E0%A6%BE%E0%A6%A4%E0%A6%BE

Brian Watt (09 September 2015)

Costs of securing personal safety and the costs of medication are rising at a far greater rate than the pension increase percentage thus the purchasing power of the pension is being rapidly eroded due to the medicine and safety costs.

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pension age in france

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pearl resort pen maharashtra india Expat FAQ Frequently Asked Questions Home > Expat FAQ > At Work French Pensions: How does it Work? French Social Security

Everyone working in France must contribute to the French Social Security system. Everyone is also entitled to benefit from social security without exception. This is called Couverture Maladie Universelle (CMU) or"health plan for everybody" with only .1 percent of people not covered. Most people rely on the mandatory plans and do not have voluntary or private pension scheme.

Retraite De Base

Allocation de Solidarité aux Personnes Âgées (ASPA) or Minimum Viellesse is the minimum pension and is managed by Caisse des Dépôts. This is the first level of the 1st Pillar of the French pension system. Introduced in 1956, it is a non contributory system.

Who Qualifies?

The statutory retirement age for persons born after 1st July 1951, which will rise progressively from 60 to 62 years. At the same time, the age of automatic entitlement to a full pension (statutory retirement age plus 5 years) rises to 67 for persons born after 1st January 1956. Persons with many years of service, who have a severe disability or who have worked in an unhealthy or physically stressful environment can claim their pension before reaching the statutory age, as early as 55 years old (in some rare cases, the age of 50). Some people may be able to claim a pension until age 70 and will receive an increase of their pension.

Who Contributes?

The French system of Social Security is financed largely by contributions based on the wages of employees. Because of issues with the longevity of the social security system, new funding policies seek to broaden the base.

Benefits

The scheme aims to provide up to a maximum of 50 percent of the retirees highest earning years up to a limit of 35,000 euro annually. Benefits are available in the amount of the difference between the resources of the applicant and the amount of
742.27 euro per month for a single person
1,157.46 euro per month for a couple.

To calculate the benefits, take the average of the 25 highest paid years in your career (linked to inflation). The pension is 50 percent of this amount, though it is capped by the social security annual ceiling (34,620 euro in 2010). The current maximum pension at 50 percent would be 17,310 euro per year.

For example, for an individual born in 1951, the pension calculation formula would be:
basic salary x rate x total insurance period under the general scheme divided by 163.

Retraite Complémentaire

Supplementary pensions are compulsory for all employees subject to statutory old-age insurance, whether paid through the general social security scheme, the Agricultural Workers's and Farmers's Mutual Welfare Fund or the Miners' Scheme.

For private-sector employees, supplementary pensions are administered by ARRCO ( Association pour le régime de retraite complémentaire des salariés or Association for Employees's Supplementary Schemes) which covers all categories of employees (managerial and non-managerial), and AGIRC (General Association of Retirement Institutions for Executives) covering only managerial and executive staff.

Who qualifies?

Under both schemes, 65 is the statutory retirement age for persons born after 1st July 1951. This rises progressively from 60 to 62 years. At the same time, the age of automatic entitlement to a full pension (statutory retirement age plus 5 years) rises to 67 for persons born after 1st January 1956.

They must have contributed for at least 164 trimestres (quarters) which is about 41 years. They must be in residence in France or in the overseas departments and have insufficient resources. Benefits are also available for family members including a spouse, partner or partners bound by a civil solidarity pact (PACS).

With the different reforms, the period of insurance used to calculate the amount of the pension has increased progressively: 150 quarters for persons born in or before 1943, Between 152 and 158 quarters for those born between 1944 and 1947 160 for those born in 1948. For the generations born in 1949 and 1952, the reference insurance periods will increase to 161 and 164 quarters respectively, and will increase further for the generations born from 1953 onwards. For 1953 and 1954, the implementing legislation has yet to be published. For the generations born from 1955 onwards, the total qualifying period for a full pension will be published by decree in the year of their 56th birthday. Who Contributes?

Contributions are compulsory and are approximately 6.65 percent from the employee and 8.3 percent from the employer. In return for the contributions paid, employees obtain pension points on a monthly basis. These points give the right to a supplementary pension income at the legal retirement age. The pension will be financed by the contributions of those who are still working, and payment of the pension is guaranteed because the contribution by those working is compulsory.

Benefits

The calculation of supplementary retirement pensions is points-based. Each year, the amount of contributions paid on the basis of a reference salary or income is converted into points, taking into account the unit purchase value of the point for the relevant tax year. The pension paid to the employee will be contingent upon the number of points accrued during the total period of insurance of the employee.

To calculate the pension, the number of points accrued during the total period of insurance is multiplied by the value of the point at the time the pension is calculated. In these schemes the amount of the pension is proportional to earnings over the total period of insurance, rather than the 25 best years as applicable in the basic scheme.

Credit points are also taken into account. Credit points are credited for employment periods prior to the implementation of the scheme and for periods of illness of at least three consecutive months (for managerial and executive staff) or 60 consecutive days (for non-executive staff). The same applies if the individual was in receipt of a disability pension. Retirement points are also awarded for periods of receipt of unemployment benefits.

The annual values of ARCCO and AGIRC points are currently: ARRCO: €1.1884, AGIRC: €0.4216.

For example:
Dividing the value of contributions by the purchase price of a point. This is currently 14.4047 euro per point for Arrco and 5.0249 euro per point for Agirc.
The accumulated points are converted into euros by multiplying them by the value of each point at the time of retirement. Currently, that would be 1.1884 euro per point for Arrco and .4216 euro per point for Agirc.

For people who do not qualify for a full pension, they may purchase additional trimestres which can be expensive, or take a reduced pension. This is determined according to the age at which the person retires and the number of quarters of insurance completed.
1.625 percent for persons born in 1950
1.5 percent for persons born in 1951
1.375 percent for those born in 1952
1.25 percent for those born after 1952
The pension will continue to be paid at the reduced rate from then on.

For people wishing to retire early, a reduction coefficient is applied to the pension. That is 7 percent per year between ages 55 and 59, 5 percent per year between 60 and 62, and 4 percent per year thereafter. In some cases it is possible to receive a full-rate supplementary pension before 65, without any reduction.

For individuals with the requisite period of insurance for a full pension who have continued to work after the statutory retirement age (between 60 and 62 depending on the year of birth), there is an increase in benefits. The rate of increase is 1.25 percent for each additional quarter.

Plan d'Epargne Retraite Populaire

The Plan d'Epargne Retraite Populaire (PERP) is a private pension plan that allows people to put away savings in a private retirement fund.

Contributions

Contributions can be as low as 50 euro per month.

The investor is eligible for an income tax credit for payments made into the fund. The deduction can be up to 10 percent of their revenues from professional activity the year before (after deducting 10 percent for professional fees). This deductions are limited to 8 times the annual amount of the sécurité sociale ceiling with the maximum deduction of 27,696 euro.

Benefits

The payments made into the PERP are locked until retirement. At this point, the investment is used to buy an annuity which can be fully passed on to the surviving spouse on death.

The only circumstances under which money can be taken out of the PERP before retirement is if the investor's business activity is ceased due to a liquidation judgment or if they contract an illness/disability that makes it impossible to work. It may be possible to recover some of the PERP in the case of divorce, or the death or incapacity of a spouse.

Assurance Vie

An Assurance Vie is basically an insurance bond and another way to create a private pension fund. Withdrawals from an assurance vie contract are not required to buy an annuity and do not have to be held until retirement age. The premiums invested do not receive income tax credit or rebate, but withdrawals are taxed at very low rates. In addition, the French capital gains tax and income tax are not applicable if the funds remain inside the policy. If an amount is withdrawn, only the growth element is taxable. Any gains are liable to social charges of 12.1 percent.

Benefits

A benefit of a Assurance Vie is that is has a degree of portability and may be offered offshore. This allows a policyholder to move between countries with the French Assurance Vie policy being able to be converted to a locally tax compliant version.

Claiming Benefits from Abroad

Collecting a minimum French state pension is possible for expats who

Have been permanent residents of France for at least six months of the new tax year (which runs from April until April) Registered for income tax Over the age of 65 (in some cases where the person is officially incapable of work after age 60.) Income of no more than €742 a month for a single person or €1,157.46 a month for a couple EU Nationals

If you have worked in several EU countries, you will have accumulated pension rights in each country. When the time comes for you to claim your old-age pension, you normally have to apply in the country where you are living or in the country where you last worked. That country is then responsible for processing your claim and bringing together records of your pension contributions from all the countries you have worked in.

EU retirees over 60 going to live permanently in France aren't required to contribute to French social security, but must register with their local French Health Service ( Caisse Primaire Assurance Maladie or CPAM). Here you should present:

Copy of your carte de séjour/résident or your temporary authorization ( récépissé de demande de carte de séjour ) Proof of your relationship with any dependents who don't qualify in their own right (e.g. a marriage certificate) Bank account details ( relevé d'identite bancaire )

If you're receiving a state pension in another EU country, you may be subject to an annual check that you're still receiving it. EU citizens who retire before qualifying for a state pension can receive French social security health cover for up to 30 months by obtaining a form E106 from their country's social security department. Applicants must have made full contributions in your home country during the last two years. If you're of retirement age but are still working, you may qualify for an E106 and obtain health benefits for up to 30 months.

How to make a ASPA Claim

The ASPA is mainly managed by CNAV. Claims are made through their office.
Address: 110-112 rue de Flandres
75951 Paris cedex 19
Tel: 0033 140 05 51 10

To claim the pension you should start the process at least one year before the pension day. The ASPA should contact you automatically within 4 months of the date you may claim your pension, but you may contact them and request the paperwork before hand.

Private Pension Abroad

Pensioners are free to collect most private pension plans regardless of their geographical location. Consult terms of your individual plan for details.

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France Retirement Age - Men   2009-2017 | Data | Chart | Calendar Retirement Age Men in France increased to 65.33 in 2017 from 65 in 2016. Retirement Age Men in France averaged 63.46 from 2009 until 2017, reaching an all time high of 65.33 in 2017 and a record low of 60 in 2010. Historical Data API Alerts Forecast 1Y 5Y 10Y MAX Column Line Area Spline Splinearea Candlestick Bars Trend Average(4) Histogram Variance Mean Maximum Minimum  Compare  Embed  Export Data  API Access OK Please Paste this Code in your Website <iframe src='https:///embed/?s=franceretagemen&v=201707031454v&h=300&w=600&ref=/france/retirement-age-men' height='300' width='600' frameborder='0' scrolling='no'></iframe><br />source: <a href='https:///france/retirement-age-men'></a> width height  Preview Receive the next reported value for France Retirement Age - Men in you Inbox Request Submitted. To add alerts for more indicators click here We will not not share your email with third parties and you can unsubscribe at any time. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Learn More Register Login The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Learn More Interested? Click here to contact us France Labour Last Previous Highest Lowest Unit Unemployment Rate 9.60 10.00 10.70 7.20 percent [+] Employed Persons 27747.60 27798.60 27798.60 19530.70 Thousand [+] Unemployed Persons 3483.20 3494.10 3579.50 1976.90 Thousand [+] Employment Rate 64.70 64.70 65.00 63.50 percent [+] Long Term Unemployment Rate 4.10 4.20 5.00 2.40 percent [+] Youth Unemployment Rate 21.60 21.90 25.70 14.50 percent [+] Labour Costs 106.80 106.50 106.80 39.00 Index Points [+] Productivity 112.80 112.04 112.80 20.64 Index Points [+] Job Vacancies 266.40 322.20 363.80 121.10 Thousand [+] Wages 2957.00 2913.00 2957.00 1751.73 EUR/Month [+] Wages in Manufacturing 116.10 115.40 116.10 72.70 Index Points [+] Wage Growth 0.50 0.20 1.00 0.10 percent [+] Minimum Wages 1480.27 1466.62 1480.27 1035.97 EUR/Month [+] Population 66.99 66.73 66.99 45.46 Million [+] Retirement Age Women 65.33 65.00 65.33 60.00 [+] Retirement Age Men 65.33 65.00 65.33 60.00 [+] Employment Change 0.20 0.20 0.70 -0.50 percent [+] Non Farm Payrolls 16227.70 16178.20 16437.30 12409.60 Thousand [+] Part Time Employment 4812.70 4759.00 4937.60 3802.00 Thousand [+] Labor Force Participation Rate 71.40 71.70 71.70 69.50 percent [+] Initial Jobless Claims -10.90 22.30 74.40 -63.80 Thousand [+] Living Wage Family 1365.70 1418.10 2190.00 1365.70 EUR/Month [+] Living Wage Individual 1063.20 1097.10 1140.00 1063.20 EUR/Month [+] Full Time Employment 21337.90 21435.80 21711.50 18337.00 Thousand [+] Wages Low Skilled 1860.00 1990.00 1990.00 1400.00 EUR/Month [+] Wages High Skilled 3140.00 3090.00 3140.00 2920.00 EUR/Month [+] France Retirement Age - Men   Notes This page provides - France Retirement Age Men - actual values, historical data, forecast, chart, statistics, economic calendar and news. France Retirement Age - Men - actual data, historical chart and calendar of releases - was last updated on July of 2017. Actual Previous Highest Lowest Dates Unit Frequency 65.33 65.00 65.33 60.00 2009 - 2017 Yearly  Export Data  API Access retirement age men by Country World Europe America Asia Africa Australia G20 Last Previous Highest Lowest Italy 66.58 Dec/17 66.58 66.58 59 Yearly United States 66.00 Dec/17 66 66 66 Yearly Netherlands 65.75 Dec/17 65.5 65.75 65 Yearly Australia 65.50 Jun/17 65 65.5 65 Yearly Germany 65.42 Dec/17 65.37 65.42 65 Yearly Spain 65.42 Dec/17 65.33 65.42 65 Yearly France 65.33 Dec/17 65 65.33 60 Yearly Brazil 65.00 Dec/16 65 65 65 Yearly Canada 65.00 Dec/17 65 65 65 Yearly Mexico 65.00 Dec/17 65 65 65 Yearly Switzerland 65.00 Dec/17 65 65 65 Yearly United Kingdom 65.00 Dec/17 65 65 65 Yearly Euro Area 64.54 Dec/17 64.47 64.63 62.37 Yearly Japan 62.00 Dec/17 62 62 60 Yearly China 60.00 Dec/17 60 60 60 Yearly India 60.00 Dec/17 60 60 60 Yearly Russia 60.00 Dec/16 60 60 60 Yearly South Korea 60.00 Dec/17 55 60 55 Yearly Turkey 60.00 Dec/17 60 60 60 Yearly Indonesia 58.00 Dec/17 58 58 55 Yearly Related French June Inflation Rate Confirmed At 6-Month Low French Trade Gap Narrows In May French Inflation Rate Slows To 6-Month Low In June French Q1 GDP Growth Revised Up To 0.5% France Inflation Rate Confirmed At 5-Month Low Of 0.8% In May France Trade Deficit Widens In April French Inflation Rate At 5-Month Low Of 0.8% In May French Q1 GDP Growth Revised Up To 0.4% French Jobless Rate Falls To 5-Year Low In Q1 France Inflation Rate Confirmed At 1.2% In April French Trade Deficit Narrows In March As Exports Jump France Inflation Rate Rises At Slightly Faster Pace In April France GDP growth Below Estimates In Q1 France Inflation Rate Confirmed At 1.1% In March France Trade Gap Narrows In February France Inflation Rate Slows To 1.1% In March France GDP Growth Matches Estimates In Q4 France Inflation Rate Confirmed At 1.2% In February France Posts Largest Trade Gap On Record In January France Inflation Rate Eases To 1.2% In February Latest South Korea Economy Expands 0.6% QoQ In Q2 South Korea GDP Grows 2.7% YoY To Match Expectations Brazil Slashes Key Rate By 100 Bps To 9.25% Fed Leaves Monetary Policy Steady US New Home Sales Rise For 2nd Month UK Economy Expands the Least in 1 Year UK Economy Grows 0.3% in Q2 Sweden Trade Surplus at 2-year High Australia Inflation Rate Edges Down To 1.9% In Q2 New Zealand Trade Surplus Widens In June Nigeria Holds Key Rate At 14% US Factory Growth At 4-Month High: Markit Singapore Inflation Rate Eases To 0.5% YoY In June Week Ahead Mexico Jobless Rate Below Expectations Canada Inflation Rate At 2015 Low Spanish Trade Deficit Widens 52.1% In May Indonesia Leaves Monetary Policy Unchanged South Africa Cuts Repo Rate To 6.75% US Jobless Claims Fall To 9-Week Low