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Europe Live Thursday 23rd May 2013

The French GDP stagnates in the first quarter of 2012

21st May 2012

According to figures communicated on 15th May by the National Institute of Statistics and Economic Studies (INSEE), the French GDP remained stable in the first quarter of 2012 and the country's economic growth lay at 0%. In the fourth quarter of 2011 the GDP rose by 0.1%. More specifically household consumption increased slightly (+0.2% after +0.1% in the fourth quarter 2011) whilst investment (gross fixed capital formation) declined (0.8% after +1.3%). Imports rose after having declined in the fourth quarter of 2011 (+0.7% after -1.4%) and exports slowed (+0.3% after +1.1%).

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