According to preliminary data released on 15 November, third quarter GDP expanded 0.4% over the previous quarter. The reading contrasted the revised 0.1% contraction (previously reported: 0.0% quarter-on-quarter) recorded in the second quarter, but was in line with market expectations. On an annual basis, the economy expanded 1.6% in the third quarter, unchanged from the previous quarter. GDP rebounded in the third quarter mainly on the back of improving domestic demand. Private consumption expanded 0.3% over the previous period (Q2: -0.8% qoq), while gross fixed investment rose 0.4%, slightly below the 0.6% expansion observed in the previous quarter. Meanwhile, the contribution of inventory changes swung from minus 0.2 percentage points in the second quarter to zero in the third. In contrast, the external sector's net contribution to overall growth deteriorated from plus 0.5 percentage points in the second quarter to plus 0.1 percentage points in Q3, as imports rose more markedly than exports. Exports of goods and services expanded 0.7% (Q2: +0.5% qoq), while imports rebounded from a 1.2% contraction in the second quarter to a 0.3% expansion. INSEE expects the economy to expand 1.7% this year, according to its quarterly economic outlook released in October, which is in line with the government's forecast of 1.75%. For next year, the government expects economic growth to slow to 1.0%.
Economic growth accelerates amid strong domestic demand
November 15, 2011
Looking for forecasts related to GDP in France? Download a sample report now.
France Economic News
October 24, 2016
The Markit Flash Composite Purchasing Managers’ Index (PMI) dropped from a revised 52.7 (previously reported: 53.3) in September to 52.2 in October.
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.