France GDP growth doubles in Q3Staff Writer | October 30, 2018
France's economy expanded at a faster pace in the third quarter largely driven by domestic demand and exports, first estimate from the statistical office Insee showed Tuesday.
Europe Gross domestic product advanced 0.4% sequentially
The expenditure-side of GDP showed that household consumption expenditures rebounded 0.5% after falling 0.1%. Total gross fixed capital formation grew 0.8% versus 0.9% increase a quarter ago.
Overall, final domestic demand excluding inventory changes accelerated, contributing 0.5 points to GDP growth.
The sequential growth in imports slowed to 0.3% from 0.7%, whereas the increase in exports accelerated to 0.7% from 0.1%. Consequently, the foreign trade balance contributed positively to GDP growth, by 0.1 points.
Conversely, changes in inventories contributed negatively to GDP growth by 0.2 points. ■