France GDP

France

France: Economic growth revised up

March 25, 2011

According to revised data released on 25 March, fourth quarter GDP increased a seasonally adjusted 0.4% over the previous quarter, which was a notch above the 0.3% expansion reported in the first estimate released on 15 February. The figure beat market expectations which had growth at 0.3% and doubled the revised 0.2% increase (previously reported: +0.3% quarter-on-quarter) recorded in the third quarter. 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%, partially recovering from the 2.5% contraction registered in 2009, which had marked the sharpest drop since World War II. The stronger quarterly result was mainly due to a downward revision of third quarter data, which provided a favorable base effect for the fourth quarter reading. That said, the fourth quarter expansion was driven by an improvement in household consumption and exports, 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 0.3%, an inch below the 0.5% expansion in the third quarter. In addition, the net contribution from the external sector to overall growth rebounded from minus 0.4 percentage points in the third quarter to plus 0.6 percentage points in the fourth, as exports of goods and services expanded 1.0% while imports contracted 1.2%. In contrast, the contribution from inventory changes swung from plus 0.2 percentage points in the third quarter to minus 0.9 percentage points. 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: 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

  • France: Business confidence edges lower in April

    April 24, 2019

    In April, the National Institute of Statistics and Economic Studies’ (INSEE) business-climate indicator for the manufacturing sector dipped 2 points from a month earlier to land at 101 points (March: 103 points).

    Read more

  • France: Private-sector activity stabilizes in April

    April 23, 2019

    The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) landed at the 50.0-point threshold in April, ticking up from 48.9 points in March and signaling a stabilization of private-sector activity. April’s steadying saw services-sector activity offset a fall in manufacturing output.

    Read more

More news

Search form