French GDP Growth Confirmed at 0.1% QoQ in Q4
The French economy expanded 0.1 percent in the last quarter of 2014, slowing from a 0.3 percent expansion in the July to September quarter and matching preliminary estimates. The rebound in net exports were unable to offset a slowdown in consumption and a decline in investment.
Households’ consumption expenditure increased by 0.2 percent after a 0.3 percent rise in the previous period. Government expenditure grew 0.5 percent, following a 0.6 percent growth in the third quarter. Total gross fixed capital formation declined by 0.5 percent, falling further from a 0.6 percent contraction in the preceding quarter. Final domestic demand (excluding changes in inventories) slightly improved and contributed 0.1 points to GDP growth (after 0.2 points in the third quarter).
Exports accelerated by 2.5 percent after a 1.0 percent increase in July to September quarter and imports rose by 1.7 percent, as in the previous quarter. Consequently, the foreign trade balance contributed positively to GDP (+0.2 points after -0.2 points in the previous quarter). In contrast, changes in inventories contributed negatively to GDP growth (-0.2 points after +0.4 points).
Year-on-year, the GDP grew 0.2 percent in the fourth quarter, slowing from a 0.4 percent expansion in the previous period.
For full year of 2014, the country's economy grew by 0.4 percent, the same pace as in the preceding year.
3/26/2015 10:07:39 AM