Households’ consumption expenditure accelerated (+0.4 percent after -0.1 percent). Total gross fixed capital formation decreased again though less sharply than in Q1 (-0.4 percent after -1.0 percent). All in all, final domestic demand (excluding changes in inventories) contributed mainly to GDP acceleration: +0.3 percentage points after -0.2 percentage points.
Exports rebounded strongly (+2.0 percent after -0.5 percent). Due to the acceleration of the total demand, imports also accelerated (+1.7 percent after +0.1 percent), so that foreign trade balance had a neutral accounting contribution to GDP growth this quarter (after -0.2 percentage points). Finally, changes in inventories contributed positively to the activity: +0.2 percentage points in Q2, as much as in Q1.
Due to the rebound of the activity in Spring, non-financial corporations’ nominal value added increased more rapidly than in the beginning of the year (+1.2 percent after +0.4 percent). Wages accelerated (+0.6 percent after +0.4 percent): employment decreased at a slower pace (-0.1 percent after -0.2 percent) and the average wage per capita was more dynamic (+0.7 percent after +0.5 percent).