France’s GDP up 0.3% in Q3
France’s gross domestic product rose by 0.3% in the third quarter, the French statistic institute INSEE said.
This slight increase comes after a stable Q2 for France (0%). Household consumption has been a key driver (+0.3% in Q3 against 0% in Q2). A rebound has been spotted in expenditure on energy (+1.6% after –2.1%),
The gross fixed capital formation of non-financial enterprises has increased by 0.7% after a rise of 0.5% in Q2 2015 and that of households has dropped by 0.5%, at a slower pace than in Q2 (-1.1%).
Overall, total domestic demand has accounted for 0.3 points in GDP growth after +0.1 points in Q2.
In Q3, exports have fallen (–0.6% after +1.9%), in particular in transport equipment (–5.5% after +8.5%). Imports have speeded up (+1.7% after +0.5%), especially in oils.
Overall, foreign trade has been negative for France’s GDP in Q3 : –0.7 points after +0.4 points in Q2.