Final GDP for Q4 Preview - 0745GMT......>

FRANCE DATA: Final GDP for Q4 Preview - 0745GMT

-----------------------------------------------------

- Markets do not expect the Final estimate of GDP to change.

- Bloomberg Consensus and MNI Median: 0.3% q/q, 0.9% y/y (Flash Q4: 0.3% q/q,

0.9% y/y).

- GDP rose at the same rate in Q4 as in Q3 (0.3%).

- On average the growth rate of GDP slowed in 2018 (2018: 1.5%, 2017:2.3%).

- The flash estimate for Q4 shows HH consumption did not grow (0.0%) after an

+0.4% rise in Q3.

- Domestic demand excl. inventories contributes to a smaller extent in Q4 than

in Q3 (0.2pp after 0.5pp).

- Inventory changes contributed negatively to GDP growth (-0.2pp) mainly due to

transport equipment.

- Both exports (2.3%) and imports (1.4%) increased in Q4. Foreign trade balance

contributed positively to growth (0.3pp).

- Production of goods stagnated in Q4 (0.0% after 0.5%).