Prior +0.3%GDP +% vs +0.6% y/y expectedPrior +0.8%
The French economy surprisingly accelerated in Q3, with conditions seen holding up better than expected. The breakdown shows that domestic demand contributed +0.3% to growth on the quarter but the big jump owes much to net foreign trade, which was +0.9%. Inventory changes were a drag to growth, resulting in a -0.6% net contribution.
Overall, household consumption held steady with +0.1% growth on the quarter while total production was solid and was seen at +0.8% on the quarter (vs +0.3% in Q2).
This article was written by Justin Low at investinglive.com.