French Economy Rebounds in Q4


French GDP rose 0.3 percent In the fourth quarter of 2013 over the previous three month period due to increased household consumption and investment.

Household consumption expenditure accelerated by the end of the year (+0.5 percent after +0.1 percent). Furthermore, total gross fixed capital formation rose for the first time since the end of 2011 (+0.6 percent after –0.3 percent). Thus, final domestic demand (excluding inventory changes) accelerated significantly and contributed for +0.5 points to GDP after a neutral contribution in Q3. In Q4 2013, exports bounced back (+1.2 percent after –1.6 percent) while imports decelerated slightly (+0.5 percent after +0.8 percent).

Therefore, the foreign trade balance contributed positively to activity anew: +0.2 points after –0.7 points. Conversely, changes in inventories contributed for –0.3 points, after +0.6 points the previous quarter.

French Economy Rebounds in Q4


INSEE | Joana Taborda | joana.taborda@tradingeconomics.com
2/14/2014 11:26:18 AM