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- French final GDP rises 0.3% in the fourth quarter
French final GDP rises 0.3% in the fourth quarter
The French statistical office Insee released its final gross domestic product data for France on Friday. The French final GDP rose 0.3% in the fourth quarter, up from the preliminary estimate of 0.2%, after a 0.3% increase in the third quarter.
Household spending decline 0.2% in the fourth quarter, up from the preliminary estimate of -0.4%, after a 0.5% gain in the third quarter, while government spending rose 0.5%, after a 0.4% gain in the third quarter.
Total production in goods and services was up 0.6% in the fourth quarter, up from the preliminary estimate of 0.5%, after a 0.3% rise in the third quarter.
Export increased 1.0% in the fourth quarter, up from the preliminary estimate of 0.6%, while imports rose 2.5%, up from the preliminary estimate of 1.6%
On a yearly basis, French final GDP climbed 1.4% in the fourth quarter, down from the preliminary estimate of 1.5% growth, after a 1.1% rise in the third quarter.
In 2015 as whole, the French economy expanded 1.1%, in line with the preliminary estimate, after a 0.2% growth in 2014.
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