In line with information launched by the INSEE, France’s GDP for Q3 2019 posted a surprising increase, with the GDP rising by 0.3%, the identical
In line with information launched by the INSEE, France’s GDP for Q3 2019 posted a surprising increase, with the GDP rising by 0.3%, the identical tempo of progress seen in Q2 2019. The GDP progress beat economists’ expectations, which have been for a studying of 0.2%.
Regardless of the weak spot in world financial progress, home demand amongst French shoppers remained sturdy, the main contributor to the Q3 GDP progress. Nonetheless, weak spot in commerce diminished GDP progress by 0.four factors within the quarter.
Progress in family spending amongst shoppers within the Eurozone’s second largest economic system climbed larger to 0.3% in Q3 from 0.2% in Q2. On the troubling aspect, nevertheless, enterprise funding registered solely a 0.9% improve within the third quarter, coming in decrease than the 1.2% progress seen within the second quarter of this 12 months.
The information has given the Euro a lift, with EUR/USD buying and selling bullish round 1.111 on the time of writing.