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In response to the 0.6%Q/Q rise in the...>

DATA REACT
DATA REACT: In response to the 0.6%Q/Q rise in the flash estimate of Q4 French
CPI, Francois Cabau at Barclays commented that "confirms that the French economy
has picked up noticeably from previous years, and displays ongoing decent
investment growth". 
- Cabau stylised French growth in 2017 as investment-led and that "Investment
contributed more to growth than private consumption in 2017 (0.26pp on average
every quarter vs 0.19pp)".
- Looking forward, "Pencilling in our forecast for H1 18, we calculate that 2018
French GDP growth would already be 1.9% by the end of June (assuming zero growth
in H2 18)."
- Frederik Ducrozet at Pictet Wealth Management writes along a similar theme,
adding "The big story in France (and the euro area), is investment. Up 9% in two
years, and back above pre-crisis levels for the first time in Q4-17."

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