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FRANCE DATA: France Final GDP Revised Down A Tenth From Flash

FRANCE DATA
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France Q2 Final GDP came in a touch softer than expected on both a quarterly and yearly basis at 0.2% Q/Q (vs 0.3% flash, 0.3% prior), and 1.0% Y/Y (vs 1.1% flash, 1.5% prior revised from 1.3%).

  • Foreign trade growth is estimated to have contributed 0.1% (vs 0.2% flash estimate, 0.3% in Q1) to Q2 quarterly GDP with imports one tenth higher than previously estimated at 0.1% Q/Q (vs -0.4% prior), and exports growing less than the flash estimate at 0.4% Q/Q (vs 0.6% flash estimate, 0.7% in Q1), whilst final domestic demand (excluding stocks) contributed 0.0% to Q2 GDP.
  • Imports were supported by imports of energy, water, waste and agri-food products in particular. 
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France Q2 Final GDP came in a touch softer than expected on both a quarterly and yearly basis at 0.2% Q/Q (vs 0.3% flash, 0.3% prior), and 1.0% Y/Y (vs 1.1% flash, 1.5% prior revised from 1.3%).

  • Foreign trade growth is estimated to have contributed 0.1% (vs 0.2% flash estimate, 0.3% in Q1) to Q2 quarterly GDP with imports one tenth higher than previously estimated at 0.1% Q/Q (vs -0.4% prior), and exports growing less than the flash estimate at 0.4% Q/Q (vs 0.6% flash estimate, 0.7% in Q1), whilst final domestic demand (excluding stocks) contributed 0.0% to Q2 GDP.
  • Imports were supported by imports of energy, water, waste and agri-food products in particular.