France's GDP grew by just 0.2 per cent in the second quarter-Shanghai Metals Market

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France's GDP grew by just 0.2 per cent in the second quarter

Translation 04:10:10PM Jul 30, 2019 Source:Sina Finance and Economics
The content below was translated by Tencent automatically for reference.

SMM News: France's National Bureau of Statistics (INSEE) released preliminary data on Tuesday showed that gross domestic product (GDP) grew by only 0.2% in the second quarter compared with the same period last year, below market expectations and slowing from 0.3% in the first quarter.

Household spending also rose by just 0.2 per cent in the second quarter, down from 0.4 per cent in the first quarter, although the government introduced a package of more than 10 billion euros to boost purchasing power, according to the data.

However, business investment rose 1.2% in the second quarter, helping to offset weak consumer spending.

Exports increased by 0.2% and imports by 0.1%, which means that foreign trade made little contribution to the overall economic growth in the second quarter. Domestic demand contributed 0.4 percentage points to growth.

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Key Words:  France  GDP  economy  foreign trade 

France's GDP grew by just 0.2 per cent in the second quarter

Translation 04:10:10PM Jul 30, 2019 Source:Sina Finance and Economics
The content below was translated by Tencent automatically for reference.

SMM News: France's National Bureau of Statistics (INSEE) released preliminary data on Tuesday showed that gross domestic product (GDP) grew by only 0.2% in the second quarter compared with the same period last year, below market expectations and slowing from 0.3% in the first quarter.

Household spending also rose by just 0.2 per cent in the second quarter, down from 0.4 per cent in the first quarter, although the government introduced a package of more than 10 billion euros to boost purchasing power, according to the data.

However, business investment rose 1.2% in the second quarter, helping to offset weak consumer spending.

Exports increased by 0.2% and imports by 0.1%, which means that foreign trade made little contribution to the overall economic growth in the second quarter. Domestic demand contributed 0.4 percentage points to growth.

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

 

Key Words:  France  GDP  economy  foreign trade