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

In the second quarter of 2009, French GDP increase in volume is confirmed (+0.3 %) * , after four quarters of contraction.

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No 248
Paru le : 25/09/2009
Prochaine parution le : 22/12/2017 at 08:45 - third quarter 2017

In the second quarter of 2009, French GDP increase in volume is confirmed (+0.3 %) * , after four quarters of contraction.

Production edged up

This bounce is partly due to the narrowing of the foreign trade balance this quarter: exports grew +0.7 % (after -7.4 % in Q1) while imports decreased at a milder pace than in the last quarter (-2.1 % after -5.9 %). Households’ consumption’s expenditures went up by +0.2 % (after +0.1 % in Q1) and total GFCF’s decline softened (-0.9 % after -2.6 %). Finally, inventory changes contributed negatively this quarter again (-0.6 points after -0.7 points in Q1).

Non financial corporations’ margin ratio increased by 0.2 points to 30.4 %. Purchasing power of households' gross disposable income grew by +1.1 % (after +0.4 % 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 -0,3 -1,4 -1,4 0,3 0,3 -2,5
Imports 0,3 -3,3 -5,9 -2,1 0,6 -9,9
Households' consumption expenditure 0,2 0,1 0,1 0,2 0,9 0,5
General government's consumption expenditure 0,6 0,3 0,0 0,6 1,1 1,1
GFCF -1,2 -2,5 -2,6 -0,9 0,4 -6,0
of which Non financial corporated and unincorporated enterprises -0,6 -2,8 -3,7 -0,7 2,4 -6,8
Households -2,8 -2,6 -1,9 -1,8 -1,4 -6,7
General government -1,3 -1,6 -0,9 0,3 -4,5 -3,2
Exports -0,6 -6,1 -7,4 0,7 -0,6 -12,0
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 -0,7 -0,2 0,8 -0,3 -0,3

    Documentation

    Methodology (pdf, 140 Ko)