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MNI: FRANCE DATA: Final GDP (Q1 2019) Preview -......>

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MNI: FRANCE DATA: Final GDP (Q1 2019) Preview - 07:45 BST
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- Flash (Q1): 0.3% q/q, 1.1% y/y; Prev (Q4): 0.3% q/q, 1.0% y/y
- Final release expected to confirm flash estimate...
- ... showing French economy growing 0.3% q/q for 3rd successive quarter in Q1
- Preliminary expenditure breakdown revealed slow but steady growth across all
expenditure components bar net trade
- HH spending stagnated in Q4, dampened by the 'Gilets Jaunes' protests, but
bounced back by 0.4% q/q in Q1
- Govt spending growth eased from 0.4% q/q in Q4 to 0.1% in Q1...
- ... with the additional spending promises made at the end of last year to
placate the protestors not yet showing up in the data
- Growth in gross fixed capital formation slowed marginally (by 0.1pp to 0.3%
q/q), as public investment decelerated while corporate investment picked up pace
- With import growth (+0.9% q/q) far outpacing that of exports (+0.1% q/q), net
trade dragged on overall GDP growth by 0.3pp

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