Final GDP (Q2 2019) ....................>

FRANCE DATA: Final GDP (Q2 2019) 

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- Final (Q2): 0.3% q/q, 1.4% y/y VS flash (Q2): 0.2% q/q, 1.3% y/y. 

- Prev (Q1): 0.3% q/q, 1.2% y/y.

- French economy grew by 0.3% q/q in Q2 for a second consecutive quarter.

- H'hold spending edged down slightly in Q2 (+0.2% q/q after +0.3% q/q in Q1).

- Govt spending growth picked up to 0.4% in Q2 after stagnating (0.0%) in Q1.

- Business investment growth accelerated to 0.9% q/q from 0.6% in Q1.

- Inventory changes subtracted 0.2pp to q/q growth, net trade added 0.1pp

- Consumer and business confidence remained broadly steady in July and August,

suggesting Q3 is likely to see similar growth trends.

- A notable acceleration in GDP growth in the second half of the year looks

unlikely amid a number of external constraints including ongoing US-China trade

tensions, Brexit uncertainty and the threat of the US imposing higher tariffs on

EU auto imports.