French GDP increased in Q2 (+0,6%)Quarterly national accounts - second estimate - 2nd Quarter

French GDP increased in volume* by 0.6% in the second quarter of 2010, after +0.2% in the previous quarter.

Informations rapides
No 206
Paru le : 13/08/2010
Prochaine parution le : 29/11/2017 at 08:45 - third quarter 2017

French GDP increased in volume* by 0.6% in the second quarter of 2010, after +0.2% in the previous quarter.

Total GFCF bounced

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.

Graph1 – GDP and its main components

Tab1 – 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
2009 Q3 2009 Q4 2010 Q1 2010 Q2 2009 2010 (ovhg)
GDP 0,3 0,6 0,2 0,6 -2,5 1,2
Imports -0,1 2,8 1,8 4,2 -10,6 6,3
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
GFCF -1,3 -1,1 -0,9 0,8 -7,0 -2,2
of which Non financial corporated and unincorporated enterprises -1,1 -1,1 -1,0 1,1 -7,9 -2,1
Households -1,8 -1,5 -0,5 0,1 -8,7 -2,9
General government -0,3 0,0 -1,5 0,8 0,6 -0,8
Exports 1,9 0,7 4,2 2,7 -12,2 7,7
Contributions :        
Internal demand excluding inventory changes 0,1 0,5 -0,1 0,5 -0,5 0,6
Inventory changes -0,3 0,6 -0,2 0,6 -1,8 0,4
Net foreign trade 0,5 -0,5 0,5 -0,4 -0,2 0,2

    Documentation

    Methodology (pdf, 140 Ko)