France Croissance Du Pib

The French economy shrank 0.1% qoq in Q4 of 2024, missing market estimates of no growth and shifting from a 0.4% expansion in Q3, flash data showed. It was the first quarterly contraction since Q1 2022, amid political mire and the fading boost from the summer Olympics. Fixed investment stayed weak (-0.1% vs -0.3% in Q3), with a sharper fall in construction investment and rises in manufactured goods and market services investment. Meantime, household consumption slowed (0.4% vs. 0.6%), on subdued services spending; and government expenditure eased slightly (0.4% vs. 0.5%). Net trade remained a drag to the GDP (-0.2 ppts vs. -0.1 ppts) as exports fell a bit (-0.2% vs. -0.8%) but imports rebounded (0.4% vs -0.4%). Changes in inventories contributed negatively (-0.1 ppts vs. 0.2 ppts). Yearly, the economy grew by 0.7%, slowing from a 1.2% rise in Q3 and marking the softest pace since a contraction in Q4 of 2020. For the full year, France's GDP added 1.1%, matching the 2023 growth rate..