France GDP

France

France: Economy steams ahead in the first quarter

May 13, 2011

In the first quarter, GDP increased a seasonally adjusted 1.0% over the previous quarter, the largest increase since Q2 2006, 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 was well above 0.3% increase recorded in the fourth quarter as well as market expectations, which had the economy expanding 0.6%. On an annual basis, the economy grew 2.2% in the first quarter, up from the 1.4% annual rise recorded in the previous quarter. The first quarter expansion was driven by an improvement in domestic demand and a positive contribution from inventories, which compensated for a dragging external sector. Private consumption rose 0.6% over the previous period (Q4: +0.4% quarter-on-quarter), while gross fixed investment rose 1.1%, well above the 0.5% expansion observed in the fourth quarter. Moreover, the contribution of inventory changes swung from minus 0.3 percentage points in the fourth quarter to plus 0.7 percentage points. In contrast, the net contribution of the external sector to overall growth deteriorated from a 0.3 percentage points contribution in the fourth quarter to a detraction of 0.4 percentage points in Q1, as imports outpaced exports. Exports of goods and services rose 1.4% while imports expanded a more marked 2.7%. INSEE expects the economy to expand 1.6% this year, according to its quarterly economic outlook from March. 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: Business confidence reaches six-month high in May

    May 23, 2019

    In May, the National Institute of Statistics and Economic Studies’ (INSEE) business-climate indicator for the manufacturing sector climbed 4 points from a month earlier to land at 104 points—a six-month high.

    Read more

  • France: Private-sector activity growth hits six-month high in May

    May 23, 2019

    The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) jumped to 51.3 points in May, climbing from 50.1 points in April and signaling the fastest private-sector activity growth in six months. May’s upturn reflected stronger services-sector activity once again offset by a fall in manufacturing output—although the pace of losses slowed somewhat from April.

    Read more

  • 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

More news

Search form