French Q3 GDP Surprises, Beats Expectations
France's GDP for Q3 2019 posted a surprising increase, with the GDP growing by 0.3%, the same pace of growth seen in Q2 2019.
According to data released by the INSEE, France’s GDP for Q3 2019 posted a surprising increase, with the GDP growing by 0.3%, the same pace of growth seen in Q2 2019. The GDP growth beat economists’ expectations, which were for a reading of 0.2%.
Despite the weakness in global economic growth, domestic demand among French consumers remained strong, the leading contributor to the Q3 GDP growth. However, weakness in trade reduced GDP growth by 0.4 points in the quarter.
Growth in household spending among consumers in the Eurozone’s second largest economy climbed higher to 0.3% in Q3 from 0.2% in Q2. On the troubling side, however, business investment registered only a 0.9% increase in the third quarter, coming in lower than the 1.2% growth seen in the second quarter of this year.
The news has given the Euro a boost, with EUR/USD trading bullish around 1.111 at the time of writing.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Related Articles
Comments
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals