Market news
30.04.2019, 06:15

French GDP rose by 0.3% in Q1 2019

According to the report from Insee, in Q1 2019, GDP in volume terms grew at the same pace as in Q3: +0.3%.

Household consumption expenditures bounced back (+0.4% after +0.0%), while total gross fixed capital formation decelerated slightly (GFCF: +0.3% after +0.4%). Overall, final domestic demand excluding inventory changes accelerated slightly: it contributed 0.3 points to GDP growth, after 0.2 points in the previous quarter.

Imports slowed down in Q1 (+0.9% after +1,2%) and exports halted (+0,1% after +2.2%). All in all, foreign trade balance contributed negatively to GDP growth: −0.3 points, after +0.3 points in the previous quarter. Conversely, changes in inventories contributed positively to GDP growth (+0.3 points after −0.1 points).

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