In the third quarter, GDP rose 0.2% over the previous quarter, according to a preliminary estimate released on 15 November. The reading contrasted the revised 0.1% contraction seen in Q2 (previously reported: 0.0% quarter-on-quarter), and exceeded market expectations of zero growth. The third quarter reading reflected an improvement in the domestic sector, which was buttressed by stronger private consumption and a positive contribution from the external sector. Private consumption added 0.3% over the previous period (Q2: -0.2% qoq) while government consumption expanded a stronger 0.4% (Q2: +0.4% qoq). Meanwhile, gross fixed investment contracted 0.2%, which contrasted the 0.5% expansion seen in Q2. Furthermore, changes in inventories detracted 0.3 percentage points to overall economic growth. Meanwhile, the net contribution from the external sector to overall growth improved from a 0.4 percentage-point detraction in the second quarter to a 0.3 percentage-point contribution in the third, as exports outpaced imports. Exports of goods and services rose 0.5% in Q3 (Q2: +0.3% qoq), while imports contracted 0.6% (Q2: +1.6% qoq).
Economy rebounds in Q3
November 15, 2012
Looking for forecasts related to GDP in France? Download a sample report now.
France GDP Chart
Note: Quarter-on-quarter changes of seasonally adjusted GDP and year-on-year variation in %.
Source: National Institute of Statistics and Economic Studies (INSEE) and FocusEconomics Consensus Forecast.
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.