France's gdp increased 0.3 %: This article explores the topic in depth.
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France's gdp increased 0.3 %:
In an uncertain national and international context, France’s economic growth reached 0.3 % in the second quarter, INSEE said on Wednesday in its first estimate of the period.
This moderate growth in gross domestic product (GDP). However, between April and June, is greater than the forecast of the National Institute of Statistics, which anticipated growth of 0.2 % after + 0.1 % in the first quarter. Therefore, It is driven by stocks and a slight rebound in household consumption.
Increase in property produced but not yet sold – France's gdp increased 0.3 %
As at the beginning of the year. it was therefore the stocks that led to growth with a positive contribution of 0.5 points, after + 0.7 points in the first quarter.
Stocks represent the goods produced but not yet sold at the end of a given period. in the case of aeronautical and automotive equipment. An increase in stocks france’s gdp increased 0.3 % may mean that a boom in demand is made in anticipation. Or, less favorably, that the manufactured products did not find a taker.
Light rebound in household consumption
Outside stocks, however, the final domestic demand stagnated. A traditional pillar of growth, household consumption has slightly rebounded, 0.1 % after a decline of 0.3 % in the first quarter, driven by increased consumption of food products.
“This recovery can be explained in particular due to the positioning of the Easter holidays at the end of April. a favorable weather in April and May,” said INSEE.
Acceleration of imports
Households have also consumed more services, while mild temperatures, however, weighed on energy consumption, which fell 2.4 % (after + 0.8 %).
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In April and June, investments sunk in the red (-0.3 % after -0.1 %), penalized in particular by construction.
In an environment marked by the trade war started by the United States in April. the contribution france’s gdp increased 0.3 % from foreign trade to growth has remained negative, -0.2 points after -0.5 points, the slight rebound in exports having been counterbalanced by an acceleration of imports.
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