European Economic News

French GDP Growth Confirmed At 0.1%

The French economy grew marginally as initially estimated in the fourth quarter, final data from the statistical office Insee showed Thursday.

Gross domestic product rose 0.1 percent sequentially following third quarter's 0.3 percent increase. The rate came in line with the estimate published on February 13.

Household spending and government expenditure gained 0.2 percent and 0.5 percent, respectively. Meanwhile, investment fell 0.5 percent.

Exports advanced 2.5 percent and imports climbed 1.7 percent in the fourth quarter. The foreign trade balance contributed positively by +0.2 points.

In 2014, economic growth stabilized at 0.4 percent, in line with prior estimate.

The Insee said the Maastricht debt of France reached EUR 2.03 trillion at the end of fourth quarter, a EUR 2.4 billion increase from third quarter.

As a share of GDP, it accounted for 95 percent, 0.2 point lower than third quarter of 2014's level, as the GDP grew slightly.

by RTTNews Staff Writer

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