French GDP Growth Confirmed at 0.3% QoQ in Q3

The French economy expanded 0.3 percent in the September quarter of 2015, following a stagnation in the June quarter and matching preliminary estimates, mainly boosted by household spending.
Inseel Rida Husna | rida@tradingeconomics.com 12/23/2015 8:12:27 AM
In the third quarter of 2015, households final consumption expenditure grew 0.3 percent (after remaining unchanged in the June quarter). Government expenditure grew by 0.4 percent, following a 0.3 percent expansion in the previous quarter. Total gross fixed capital formation remained unchanged, after a 0.1 percent contraction in the second quarter. Non-financial corporations' gross fixed capital formation expanded by 0.5 percent, the same pace as in the preceding quarter. Final domestic demand (excluding changes in inventories) contributed +0.3 points to GDP growth (after +0.1 points in the June quarter).

Exports fell by 0.6 percent, reversing from a 2.0 percent growth in the second quarter. Imports grew by 1.8 percent, accelerating from a 0.7 percent growth in the second quarter. That brought the foreign trade balance contributed negatively to the economy (-0.7 points after +0.4 points). In contrast, changes in inventories contributed positivevely to GDP growth (+0.7 points after -0.5 points in the previous three months).

Year-on-year, the French economy advanced by 1.1 percent, the same pace as in the preceding quarter.

French GDP Growth Confirmed at 0.3% QoQ in Q3