France GDP

France

France: Economic growth remains steady in Q4

February 15, 2011

In the fourth quarter, GDP increased a seasonally adjusted 0.3% over the previous quarter, according to the first estimate released by the National Institute of Statistics and Economic Studies (INSEE, Institut National de la Statistique et des etudes economiques). The reading matched the 0.3% increase recorded in the third quarter but was slightly below last month's FocusEconomics Consensus Forecast, which had the economy expanding 0.4%. On an annual basis, the economy expanded 1.5% in the fourth quarter, down from the 1.7% annual rise recorded in the previous quarter. For the full year 2010, GDP expanded 1.5% after the 2.5% contraction in 2009, the sharpest drop since World War II. The fourth quarter expansion was driven by an improvement in household consumption and a stronger external sector which offset a negative contribution from inventories. Private consumption rose 0.9% over the previous period (Q3: +0.5% quarter-on-quarter), while gross fixed investment rose 0.4%, an inch below the 0.5% expansion in the third quarter. In addition, the net contribution of the external sector to overall growth rebounded from minus 0.4 percentage points in the third quarter to plus 0.5 percentage points in the fourth, as exports of goods and services rose 0.8% while imports contracted 1.2%. In contrast, the contribution of inventory changes swung from plus 0.2 percentage points in the third quarter to minus 0.8 percentage points. At a sector level, the fourth quarter reading reflected slower growth in services and industry, while agriculture remained flat. INSEE expects the economy to expand 1.3% this year, according to its quarterly economic outlook from December. French Economy Minister Christine Lagarde maintained the government's 2011 economic growth target of 2.0%.


Author:,

Sample Report

Looking for forecasts related to GDP in France? Download a sample report now.

Download




France Economic News

  • France: Inflation edges up in April

    May 15, 2019

    On 15 May, the Statistical Institute (INSEE) reported that consumer prices rose 0.3% from a month earlier in April (March: +0.8% month-on-month).

    Read more

  • France: Industrial output falls in March

    May 10, 2019

    Industrial output contracted 0.9% month-on-month and in seasonally-adjusted terms in March, on the heels of a revised 0.1% month-on-month expansion in February (previously reported: +0.4% month-on-month s.a.).

    Read more

  • France: Growth steady through Q1

    April 30, 2019

    France’s economy grew 0.3% quarter-on-quarter and in seasonally-adjusted terms in the first quarter, according to a first estimate released by the Statistical Institute (INSEE).

    Read more

  • France: Consumer confidence stabilizes in April

    April 28, 2019

    Consumer confidence stabilized in April, according to the consumer confidence survey published by the National Institute of Statistics and Economic Studies (INSEE), which held steady from March at 96 points.

    Read more

  • France: Industrial output stalls in February

    April 24, 2019

    Industrial output expanded 0.4% from a month earlier and in seasonally-adjusted terms in February, on the heels of a revised 1.2% month-on-month expansion in January (previously reported: +1.3% month-on-month s.a.).

    Read more

More news

Search form