GDP in focus

French GDP Slows Down in Q2 2019

Posted Tuesday, July 30, 2019 by
Arslan Butt • 1 min read

According to data released by INSEE, French GDP grew by 0.2% in Q2 2019, does from 0.3% in Q1 2019, coming in lower than economists’ expectations which were for a 0.3% rate of growth. A drawdown in inventories and easing in consumer spending were the main factors behind this slight slowdown in GDP growth.

France is the Eurozone’s second largest economy after Germany and as a result, can have a significant impact on the overall Eurozone economy. Household spending grew at a lower rate of 0.2% in the second quarter of this year. In the first three months of the year, household spending had grown by 0.4% in France.

On a positive note, business investment climbed higher from 0.7% in Q1 2019 to 1.2% in Q2 2019, helping support the overall economic growth for the quarter. In addition, exports also rose 0.2% higher.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
The USD is looking softer today after the unemployment claims showed a jump to the highest since October 2021 last week
2 days ago
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments