Latest data released by INSEE - 27 April 2018
- Prior q/q +0.7%
- Q1 GDP +2.1% vs +2.3% y/y expected
- Prior y/y +2.5%; revised to +2.6%
A miss relative to expectations, not a good signal if you're the ECB.
Looking at the report, domestic demand ex. inventories contributed to 0.3% growth on the quarter, with foreign trade and inventories contribution being null.
