French GDP Growth Confirmed at 0.3% QoQ in Q3


The French economy expanded 0.3 percent in the September quarter of 2015, following a stagnation in the June quarter and matching preliminary estimates, mainly boosted by household spending.

In the third quarter of 2015, households final consumption expenditure grew 0.3 percent (after remaining unchanged in the June quarter). Government expenditure grew by 0.4 percent, following a 0.3 percent expansion in the previous quarter. Total gross fixed capital formation remained unchanged, after a 0.1 percent contraction in the second quarter. Non-financial corporations' gross fixed capital formation expanded by 0.5 percent, the same pace as in the preceding quarter. Final domestic demand (excluding changes in inventories) contributed +0.3 points to GDP growth (after +0.1 points in the June quarter).

Exports fell by 0.6 percent, reversing from a 2.0 percent growth in the second quarter. Imports grew by 1.8 percent, accelerating from a 0.7 percent growth in the second quarter. That brought the foreign trade balance contributed negatively to the economy (-0.7 points after +0.4 points). In contrast, changes in inventories contributed positivevely to GDP growth (+0.7 points after -0.5 points in the previous three months).

Year-on-year, the French economy advanced by 1.1 percent, the same pace as in the preceding quarter.

French GDP Growth Confirmed at 0.3% QoQ in Q3


Inseel Rida Husna | rida@tradingeconomics.com
12/23/2015 8:12:27 AM