French GDP Growth Confirmed at 0.6% QoQ in Q1


The French economy expanded 0.6 percent in the first quarter of 2015, significantly accelerating from a revised 0.1 percent expansion in the October to December quarter and matching preliminary estimates. It is the fastest growth since the second quarter of 2013, mainly driven by household consumption.

Households’ consumption expenditure increased by 0.9 percent after a 0.2 percent rise in the previous quarter. Government expenditure grew by 0.5 percent, the same rate as in the preceding quarter. Total gross fixed capital formation decreased by 0.1 percent, following a 0.4 percent fall in the preceding quarter. Final domestic demand (excluding changes in inventories) contributed for +0.6 points to GDP growth (after +0.2 points at the end of 2014).

Imports accelerated by 2.6 percent, following a 1.8 percent rise in the December quarter. Exports grew by 1.1 percent, slowing from a 2.8 percent in the previous quarter). 

Year-on-year, the GDP grew by 0.8 percent in the first quarter of 2015, better than a 0.7 percent increase initially estimated and after showing no growth in the previous period.

French GDP Growth Confirmed at 0.6% QoQ in Q1


INSEE l Rida Husna l rida@tradingeconomics.com
6/24/2015 8:53:54 AM