French GDP increased in volume* by 0.6% in the second quarter of 2010, after +0.2% in the previous quarter.
Production’s growth slightly increased (+0.7% after +0.3%). After eight quarters of contraction, total GFCF increased (+0.8% after –0.9%), whereas households’ consumption’s expenditures edged up (+0.4% after 0.0%). Altogether, total domestic demand (excluding inventory changes) positively contributed to GDP growth: +0.5 point after –0.1 point in the first quarter. Foreign trade balance deteriorated on the second quarter and negatively contributed to GDP growth (–0.4 point after +0.5 point): exports decelerated (+2.7% after +4.2%), however imports speeded up strongly (+4.2% after +1.8%). Inventory changes buoyantly contributed to activity’s soar: +0.6 point after –0.2 point. This mainly ensued from consumption and intermediate goods.
* 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|
|2009 Q3||2009 Q4||2010 Q1||2010 Q2||2009||2010 (ovhg)|
|Households' consumption expenditure||0,3||1,0||0,0||0,4||0,6||1,3|
|General government's consumption expenditure||0,8||0,6||0,1||0,3||2,8||1,4|
|of which Non financial corporated and unincorporated enterprises||-1,1||-1,1||-1,0||1,1||-7,9||-2,1|
|Internal demand excluding inventory changes||0,1||0,5||-0,1||0,5||-0,5||0,6|
|Net foreign trade||0,5||-0,5||0,5||-0,4||-0,2||0,2|
n° 206 - August 13, 2010
Quarterly national accounts - preliminary figures - 2nd Quarter
Next issue August 14, 2013 07:30 - 2nd quarter 2013
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