French gross domestic product contracted at an 0.1 per cent quarter-on-quarter clip during the three months ended in September, according to the latest data published by INSEE.
That was as expected by economists.
Foreign trade rose sharply, at a 1.0% rate over the quarter, recovering from the swoon seen in the previous quarter, as exports again sped ahead quickly, at a 2.5% pace.
However, an 0.8% quarter-on-quarter contraction in the amount of stocks held compensated almost completely for the above, as the inventory cycle seemingly reverted. Gross capital information slipped by 1.2%.
A 1.4% rise in public sector consumption failed to offset a 0.4% drop in households´ expenditure.
Source: LiveCharts
That was as expected by economists.
Foreign trade rose sharply, at a 1.0% rate over the quarter, recovering from the swoon seen in the previous quarter, as exports again sped ahead quickly, at a 2.5% pace.
However, an 0.8% quarter-on-quarter contraction in the amount of stocks held compensated almost completely for the above, as the inventory cycle seemingly reverted. Gross capital information slipped by 1.2%.
A 1.4% rise in public sector consumption failed to offset a 0.4% drop in households´ expenditure.
Source: LiveCharts
