French GDP increased by +0.3%* in the second quarter of 2009, after four quarters of contraction. Its overhang for 2009 is then -2.4%.
This bounce is partly due to the narrowing of the foreign trade balance this quarter: exports grew +1.0% (after -7.1% in Q1) while imports decreased at a milder pace than in the last quarter (-2.3% after -5.8%), and foreign trade contributed +0.9 points to GDP growth. Households consumption went up by +0.4% (after +0.1% in Q1) and total GFCF’s decline softened (-1.0% after -2.6%). Production edged up in the second quarter (+0.5% after -1.9%). Finally, inventory changes contributed negatively this quarter again (-0.6 points after -0.7 points in Q1).
GDP is revised by -0.1 points in Q1.
* This growth rate is seasonally and trading-day adjusted; volumes are chain-linked previous-year-prices volumes.
GDP and its main components
|percentage change from previous period, trading-days and seasonally adjusted data|
|2008 Q3||2008 Q4||2009 Q1||2009 Q2||2008||2009|
|Households' consumption expenditure||0,1||0,1||0,2||0,3||0,9||0,5|
|General government's consumption expenditure||0,6||0,3||0,0||0,5||1,1||1,0|
|of which Non financial corporated and unincorporated enterprises||-0,5||-2,9||-3,6||-0,9||2,4||-6,9|
|Internal demand excluding inventory changes||0,0||-0,4||-0,5||0,1||0,9||-0,8|
|Net foreign trade||-0,2||-0,6||-0,2||0,9||-0,3||-0,1|
n° 219 - August 13, 2009
Quarterly national accounts - preliminary figures - Second Quarter 2009
Next issue August 14, 2013 07:30 - 2nd quarter 2013
Since July 2009, display of the Informations Rapides has changed.