French GDP Slows Down in Q2 2019

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.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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