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- In Q3 2018, French GDP in volume terms accelerated slightly: +0.4% after +0.2%
In Q3 2018, French GDP in volume terms accelerated slightly: +0.4% after +0.2%
In Q3 2018, GDP in volume terms accelerated slightly: +0.4% after +0.2%. Household consumption expenditures recovered (+0.5% after −0.1%). Total gross fixed capital formation grew almost as quickly as in the previous quarter (GFCF: +0.8% after +0.9%). Overall, final domestic demand excluding inventory changes accelerated: it contributed 0.5 points to GDP growth, after 0.2 points in the previous quarter.
Imports slowed down in Q3 (+0.3% after +0.7%), whereas exports accelerated (+0.7% after +0.1%). All in all, foreign trade balance contributed positively to GDP growth, +0.1 points, after −0.2 points in Q2. Conversely, changes in inventories contributed negatively to GDP growth (−0.2 points after +0.2 points).
Production in goods and services accelerated in Q3 2018 (+0.7% after +0.3%). It bounced back in goods (+0.8% after −0.2%), and it grew at a slightly faster pace than in the previous quarter in services (+0.6% after +0.4%).
Output in manufactured recovered (+0.8% after −0.1%). Production in refineries bounced back (+11.3% after −9.7%) ; it had been notably low in Q2 due to maintenance work. Conversely, construction was at a standstill (+0.0% after +0.6%).
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