French GDP increased by 0.4% in the third quarter of 2010, after +0.7% in the previous quarter.
Production’s growth slightly decreased (+0.4% after +0.8%). Households’ consumption expenditures edged up (+0.6% after 0.3%) whereas total GFCF slowed down (+0.5% after +0.9%). Altogether, total domestic demand (excluding inventory changes) buoyantly contributed to GDP growth: +0.5 point after +0.4 point in the second quarter. Imports remained dynamic (+4.1% after +3.9%), more than exports (+2.5% after +2.6%). As a consequence, foreign trade balance deteriorated on the third quarter and negatively contributed to GDP growth (–0.5 point after -0.4 point). Inventory changes positively contributed to GDP growth: +0.3 point after +0.6 point. This mainly ensued from energy 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 Q4||2010 Q1||2010 Q2||2010 Q3||2009||2010 (ovhg)|
|Households' consumption expenditure||1.0||0.0||0.3||0.6||0.6||1.5|
|General government's consumption expenditure||0.6||-0.1||0.3||0.4||2.8||1.3|
|of which Non financial corporated and unincorporated enterprises||-1.0||-1.0||1.2||0.5||-7.9||-1.7|
|Internal demand excluding inventory changes||0.5||-0.2||0.4||0.5||-0.5||0.8|
|Net foreign trade||-0.5||0.6||-0.4||-0.5||-0.2||0.1|
n° 278 - November 12, 2010
Quarterly national accounts - preliminary figures - 3th Quarter 2010
Next issue August 14, 2013 07:30 - 2nd quarter 2013
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