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Real GDP in France declined 0.1% QoQ in Q3 2013, following a growth of 0.5% in Q2 2013. In YoY terms also, GDP increased 0.2% last quarter, slower than the growth of 0.5% in the second quarter of 2013.
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The primary cause of the decline in GDP in Q3 2013 was a sharp fall in exports, which, along with higher imports, led to large increase in net imports, which deducted 0.71 percentage points from real GDP growth in the third quarter of 2013.
Notably, a build-up in inventories in Q3 2013, which came after stock withdrawals in the past 5 consecutive quarters, added 0.50 percentage points to GDP growth last quarter.
Please refer to the attached document for the detailed report
Regards,
ICICI Bank : Treasury Research
Contact:
Nikhil Gupta
022-4259-2180
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