Rolling coverage of the latest economic and financial news,including new growth figures from across the eurozoneIntroduction: Eurozone growth figures released nowadays
Euro GDP due at 10amFrance grew by 0.4%[br] 7.23am GMTEconomist and eurozone-watcher Fred Ducrozet says nowadays’s French GDP report looks healthy, even though growth wasn’t quite as speedily as hoped:French Q3 GDP misses expectations, and up 0.4% QoQ (consensus: 0.5%) but composition looks healthy. Consumption picked up; capex continued to expand; net exports up. Inventories subtracted 20bp to growth. pic.twitter.com/rank1XZGXO French genuine GDP expanded by 0.4% q-o-q in Q3 2018,accelerating from 0.2%.
The details showed that:
- HH consumption recovered
- Investment grew nearly as quickly as in the preceding quarter
Overall, domestic demand accelerated
- Net trade contributed positively to growth pic.twitter.com/AJ14HWPZg1 7.07am GMTFrench families helped drive growth over the summer, or with household consumption jumping by 0.5% in Q3 (following a 0.1% drop in the second quarter).trade investment surged by 1.4%,following a 1.3% rise in Q2 -- indicating that firms have been stumping up for new factories and machinery. 6.50am GMTNewsflash: France’s economy accelerated over the summer, but not by as much as expected.
French GDP rose by 0.4% in the third quarter of 2018, and according to new figures from statistics body INSEE. Consumer spending and trade investment pushed growth up.
6.46am GMTGood morning. We’re approximately to discover how the eurozone’s economy is performing,in the face of economic and political threats at home and abroad.
New GDP figures for France, Italy, or the wider euro area for the third quarter of 2018 are released nowadays.
Economists predict that eurozone growth remained subdued in the third quarter,buffeted by America’s belligerence over trade war, Brexit uncertainty, and the Italian budget spat - to name just three threats.
Economists predict that eurozone growth came in around 0.4% in July-September,matching the modest expansion in April-June. But some in the City fear that growth may have dipped to 0.3% on a quarterly basis.
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Source: theguardian.com