In the first quarter, GDP was flat over the previous quarter, according to a preliminary estimate released on 15 May. The reading followed the revised 0.1% increase recorded in the fourth quarter (previously reported: +0.2% quarter-on-quarter), and matched market expectations. On an annual basis, the economy expanded 0.3% in Q1, down from the 1.2% annual rise recorded in the previous quarter. The first quarter reading reflected how a slight improvement in the domestic sector, on the back of stronger total consumption, was entirely offset by a negative contribution from the external sector. Private consumption rose 0.2% over the previous period (Q4 2011: +0.1% qoq) while government consumption expanded a stronger 0.5% (Q4 2011: +0.2% qoq). In contrast, gross fixed investment fell 0.8% (Q4 2011: +1.3% qoq). The contribution of inventory changes, however, swung from a full percentage-point detraction in Q4 2011 to a 0.1 percentage-point contribution in the first quarter. In contrast, the net contribution from the external sector to overall growth swung from a 0.7 percentage-point contribution in the fourth quarter to a 0.1 percentage-point detraction in the first, as imports outpaced exports. Exports of goods and services rose 0.3%, well below the 1.1% increase recorded in Q4, while imports rebounded to a 0.7% expansion (Q4 2011: -1.4% qoq). The government expects the economy to expand 0.5% this year and 1.7% in 2013.
Economic growth stalls in the first quarter
May 15, 2012
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France Economic News
October 3, 2016
According to preliminary figures released by the National Statistical Institute (INSEE), consumer prices in September dropped 0.2% over the previous month, contrasting August’s 0.3% increase.
September 28, 2016
The consumer confidence indicator produced by the National Institute of Statistics and Economic Studies (INSEE) remained stable in September at August’s 97 points.
September 23, 2016
The composite Purchasing Managers’ Index (PMI), produced by IHS Markit, rose in September.
September 23, 2016
The French economy contracted in the second quarter.
September 22, 2016
According to the National Institute of Statistics and Economic Studies’ (INSEE) business climate survey, the business confidence indicator rose from August’s over-one-year low of 101 points to 103 points in September.