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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
FRANCE DATA
MNI (London)
FLASH Q1 GDP +0.4% Q/Q SA, +1.5% Y/Y WDA
Q1 HH CONSUMPTION EXPENDITURE +0.3% Q/Q
Q1 GOVT CONSUMPTION EXPENDITURE +0.5% Q/Q
Q1 EXPORTS -1.5% Q/Q; IMPORTS -0.1% Q/Q
- The French economy expanded by 0.4% in Q1 after the contracting 1.4% in Q4 2020.
- Q1 growth came in stronger than market expectations (median 0.1%).
- Annual GDP rose by 1.5% in Q1 following Q4's drop by -4.8% and marking the highest level since Q3 2019.
- Despite the Q1 uptick, GDP remains 4.4% below the level seen in Q4 2020, the last quarter before the pandemic impacted GDP.
- Q1's gain was driven by an increase of government and household spending, up 0.5% and 0.3%, respectively, amid rising infection rates and a tight restrictions.
- Meanwhile, exports fell by 1.5% and imports declined by 0.1% in Q1, as a result foreign trade contributed negatively to GDP growth, shaving off 0.4pp.
Source: Insee
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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