The French growth in the 3rd quarter: 0,7 %, 1,8 % over one year
The gross domestic product (GDP) of France progressed of 0,7 % in the third quarter, for an experience of growth which becomes established in 1,8 % at the end of September, according to the first results of the quarterly accounts published last wednesday by Insee.
" a third quarter of excellent quality, much superior to the second quarter ", the Minister of Finance, Christine Lagarde, and the Prime Minister, François Fillon, however maintained the objective of the government of a growth slightly superior to 2 %.
In its note of situation of October, Insee considered that the French growth should return to a rhythm of cruise in the fourth quarter to become established in 0,5 %.
As usual, the growt is due to the consumer spending which pulled the growth in the increase, underlines Insee. They accelerated (0,8 % against 0,6 % a second quarter 2007) and contribute for 0,4 to the evolution of the GDP.
The foreign trade, which had heavily pressed on the growth in the second quarter (0,3%) contributes to it this time slightly (0,1) thanks to a strong acceleration of the exports ( 1,7 % after 0,7 % a second quarter) at the same time as a slowing down of the imports (1,4 % after 1,8 %). Whereas the euros is strong more or less 1.466 us dollars...
The third reason of the growth: The total investment progressed of 0,6 % (0,4 % a previous quarter). The investment of the not financial companies registered a net acceleration (1,0 % against 0,5 % a previous quarter) whereas that of the households slowed down, progressing only of 0,1 % against 0,4 % in the second quarter.
So this resulut si good news for France and all European countries.
Now we will see whats happen for the fourth quarter and the total of the yeas: answer at the end of january.
Geoffrey THIRIEZ geoffrey.thiriez@espeme.com
The gross domestic product (GDP) of France progressed of 0,7 % in the third quarter, for an experience of growth which becomes established in 1,8 % at the end of September, according to the first results of the quarterly accounts published last wednesday by Insee.
" a third quarter of excellent quality, much superior to the second quarter ", the Minister of Finance, Christine Lagarde, and the Prime Minister, François Fillon, however maintained the objective of the government of a growth slightly superior to 2 %.
In its note of situation of October, Insee considered that the French growth should return to a rhythm of cruise in the fourth quarter to become established in 0,5 %.
As usual, the growt is due to the consumer spending which pulled the growth in the increase, underlines Insee. They accelerated (0,8 % against 0,6 % a second quarter 2007) and contribute for 0,4 to the evolution of the GDP.
The foreign trade, which had heavily pressed on the growth in the second quarter (0,3%) contributes to it this time slightly (0,1) thanks to a strong acceleration of the exports ( 1,7 % after 0,7 % a second quarter) at the same time as a slowing down of the imports (1,4 % after 1,8 %). Whereas the euros is strong more or less 1.466 us dollars...
The third reason of the growth: The total investment progressed of 0,6 % (0,4 % a previous quarter). The investment of the not financial companies registered a net acceleration (1,0 % against 0,5 % a previous quarter) whereas that of the households slowed down, progressing only of 0,1 % against 0,4 % in the second quarter.
So this resulut si good news for France and all European countries.
Now we will see whats happen for the fourth quarter and the total of the yeas: answer at the end of january.
Geoffrey THIRIEZ geoffrey.thiriez@espeme.com
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