Informations rapides
12 May 2010
2010- n° 127
French GDP increased in Q1 (+0.1%) Quarterly national accounts - second estimate - 1st quarter 2010

In the first quarter of 2010, French GDP increased by +0.1 % in volume*.

Informations rapides
No 127
Paru le :Paru le12/05/2010
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In the first quarter of 2010, French GDP increased by +0.1 % in volume*.

Foreign trade balance improved

Households’ consumption’s expenditures levelled out (+0.0% after +0.9%). Total GFCF decreased again, but with a lesser magnitude than in the previous quarter (–0.8% after –1.1%). Altogether, total domestic demand (excluding inventory changes) negatively contributed to GDP growth: –0.1 point after +0.5 point in the fourth quarter of 2009. Foreign trade balance improved on the first quarter and buoyantely contributed to GDP growth (+0.4 point after –0.6 point): exports bounced (+3.9% after +0.4%) whereas imports decelerated (+2.0% after +2.6%). Inventory changes negatively contributed to activity: –0.1 point after +0.6 point.

* 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 (percentage change from previous period, trading-days and seasonally adjusted data)
ovhg
2009 Q2 2009 Q3 2009 Q4 2010 Q1 2009 2010
GDP 0,2 0,3 0,5 0,1 -2,5 0,7
Imports -3,0 0,2 2,6 2,0 -10,6 3,3
Households' consumption expenditure 0,4 0,3 0,9 0,0 0,7 0,9
General government's consumption expenditure 0,8 0,8 0,7 0,1 2,7 1,2
GFCF -1,3 -1,3 -1,1 -0,8 -7,0 -2,6
of which Non financial corporated and unincorporated enterprises -1,4 -1,3 -1,2 -0,9 -7,9 -2,8
Households -2,0 -1,7 -1,5 -0,7 -8,7 -3,2
General government 1,3 -0,4 -0,1 -1,2 0,6 -1,1
Exports 0,2 1,7 0,4 3,9 -12,2 5,2
Contributions :        
Internal demand excluding inventory changes 0,1 0,1 0,5 -0,1 -0,5 0,3
Inventory changes -0,8 -0,2 0,6 -0,1 -1,8 0,1
Net foreign trade 0,9 0,4 -0,6 0,4 -0,2 0,4

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