France Q3 final GDP +0.5% vs +0.5% q/q prelim

  • Latest data released by INSEE - 28 November 2025
France
  • Prior +0.3%
  • GDP Y/Y +0.9% vs +0.9 expected
  • Prior +0.9%

No changes to the preliminary figures.

The agency said:

"In Q3 2025, real GDP accelerated (+0.5% quarter on quarter after +0.3%). Household consumption continued to increase slightly (+0.1% after +0.1%): the decline in spending on food products (-1.0% after +1.5%) was more than offset by the rebound in energy spending (+1.3% after -2.3%) and by the increase in services (+0.1% after +0.5%). Gross fixed capital formation (GFCF) increased anew this quarter (+0.5% after +0.0%), buoyed up by the acceleration in GFCF in information and communication (+1.7% after +0.4%) and by the sustained pace of GFCF in capital goods (+1.7 % after +1.3 %). General government’s consumption expenditure remained dynamic (+0.5% after +0.5%). Overall, final domestic demand excluding inventories contributed positively to GDP growth (+0.3 points after +0.2 points).

Exports accelerated significantly this quarter (+3.2% after +0.3%), boosted by a sharp rise in exports of transport equipment (+13.4% after -2.3%). Imports rose again in the third quarter (+1.3% after +1.5%). They were driven by rising imports of manufactured goods (+1.9% after +2.6%). Overall, the contribution of foreign trade to GDP growth was positive in Q3 2025 (+0.6 points after -0.4 points).

Finally, the contribution of changes in inventories to GDP growth was negative this quarter (-0.4 points after +0.6 points) buoyed up by transport equipment, in particular aeronautics."

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