Economic Buzz: France Economic Growth Slows In Q4

25 Feb 2022 , 04:10 PM

France gross domestic product grew 0.7 percent sequentially, slower than the 3.1 percent growth posted in the third quarter, revised data from the statistical office Insee revealed on Friday. GDP exceeded the pre-crisis level by 0.9 percent in the fourth quarter. On the expenditure-side, household spending and government expenditure rose 0.5 percent and 0.3 percent, respectively. Gross fixed capital formation was up 0.6 percent. Exports were up 3.1 percent and imports gained 3.9 percent in the fourth quarter. Thus, the contribution of foreign trade to the GDPs growth was slightly negative, by -0.3 points. Finally, the inventory changes made a positive contribution of 0.5 points to growth.

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