French GDP increased in Q2 (+0,3 %)Quarterly national accounts - second estimate - Second Quarter 2009

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%.

Informations rapides
No 219
Paru le : 13/08/2009
Prochaine parution le : 29/11/2017 at 08:45 - third quarter 2017

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%.

Production edged up

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.

Graph1 – GDP and its main components

Tableau 1 – GOODS AND SERVICES: RESOURCES AND USES CHAIN-LINKED VOLUMES

percentage change from previous period, trading-days and seasonally adjusted data
GOODS AND SERVICES: RESOURCES AND USES CHAIN-LINKED VOLUMES
ovhg
2008 Q3 2008 Q4 2009 Q1 2009 Q2 2008 2009
GDP -0,2 -1,4 -1,3 0,3 0,3 -2,4
Imports 0,1 -3,3 -5,8 -2,3 0,6 -10,0
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
GFCF -1,2 -2,5 -2,6 -1,0 0,4 -6,0
of which Non financial corporated and unincorporated enterprises -0,5 -2,9 -3,6 -0,9 2,4 -6,9
Households -2,8 -2,6 -1,9 -1,8 -1,4 -6,7
General government -1,3 -1,6 -0,9 0,1 -4,5 -3,3
Exports -0,5 -5,9 -7,1 1,0 -0,6 -11,4
Contributions :
Internal demand excluding inventory changes 0,0 -0,4 -0,5 0,1 0,9 -0,8
Inventory changes 0,0 -0,4 -0,7 -0,6 -0,3 -1,5
Net foreign trade -0,2 -0,6 -0,2 0,9 -0,3 -0,1

    Documentation

    Methodology (pdf, 140 Ko)