France Q4 GDP Growth Hits 3-Quarter Low

2026-01-30 07:13 By Farida Husna 1 min. read

France’s economy expanded 0.2% qoq in Q4 2025, easing from a 0.5% rise in Q3 and matching market expectations, flash data showed.

It marked the weakest quarterly growth in three quarters, reflecting a softer contribution from domestic demand.

Government spending growth moderated (0.3% vs 0.7% in Q2), while fixed investment lost momentum (0.2% vs 0.7%).

The investment slowdown was driven by weaker outlays on transport equipment, capital goods, and construction.

Inventory changes remained a drag on growth, subtracting 1.0ppts.

In contrast, household consumption accelerated (0.3% vs 0.1%), supported by faster growth in goods spending and a further rise in services consumption.

Net trade provided a strong boost, contributing 0.9ppts, with exports slowing sharply (0.9% vs 3.2%) and imports falling (-1.7% vs 1.5%).

On an annual basis, GDP rose 1.1%, accelerating from 0.9% in Q3 but slightly below the 1.2% forecast.

Still, it marked the strongest yearly expansion in five quarters.



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France Q4 GDP Growth Hits 3-Quarter Low
France’s economy expanded 0.2% qoq in Q4 2025, easing from a 0.5% rise in Q3 and matching market expectations, flash data showed. It marked the weakest quarterly growth in three quarters, reflecting a softer contribution from domestic demand. Government spending growth moderated (0.3% vs 0.7% in Q2), while fixed investment lost momentum (0.2% vs 0.7%). The investment slowdown was driven by weaker outlays on transport equipment, capital goods, and construction. Inventory changes remained a drag on growth, subtracting 1.0ppts. In contrast, household consumption accelerated (0.3% vs 0.1%), supported by faster growth in goods spending and a further rise in services consumption. Net trade provided a strong boost, contributing 0.9ppts, with exports slowing sharply (0.9% vs 3.2%) and imports falling (-1.7% vs 1.5%). On an annual basis, GDP rose 1.1%, accelerating from 0.9% in Q3 but slightly below the 1.2% forecast. Still, it marked the strongest yearly expansion in five quarters.
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