World Economic outlook - French GDP growth Q1 2012 : France's national statistics office, reported this morning that in 2012 Q1, French gross domestic product (GDP) levelled off (0.0 %) after a small increase in Q4 2011 (+0.1 %).
Households’ consumption expenditure stuttered (+0.2 % after +0.1 %), while gross fixed capital formation (GFCF) decreased (–0.8 % after +1.3 %). Overall, total domestic demand (excluding inventory changes) boosted GDP by only 0.1 point of growth after 0.3 points in Q4.
Imports renewed with growth (+0.7 % after -1.4 % in Q4), while exports slowed down (+0.3 % after +1.1 %). Consequently, foreign trade balance contributed negatively to GDP growth (–0.1 point after +0.7 point).
In Q1, changes in inventories contributed positively to GDP growth : +0.1 point after -1.0 point in the end of 2011.
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