France Croissance Du Pib

The French economy rose 0.1% on quarter in the Q4 of 2023, compared to initial estimates and the previous period’s stagnant reading. Foreign trade contributed positively to the GDP, adding 0.9 percentage points, as exports stabilized (vs -0.7% in Q3) while imports fell 2.3% (vs -.4%). It was almost offset by the negative contribution from domestic demand (-0.1 pp), with fixed investments falling sharply (-0.9% vs 0.2%), particularly construction (-1.1% vs -0.4%) and information communication (-0.9% vs 0.7%); and household consumption stagnated, penalized by a decline in consumption of goods (-0.6% vs 0.6%). On a yearly basis, the GDP expanded 0.7%, up from a 0.6% growth in the previous period. For the full year, the economy rose 0.9% moderating from a robust 2.5% expansion in 2022.