France Q4 preliminary GDP 0.0% vs 0.0% q/q expected

  • Latest data released by INSEE - 30 January 2024
FRGDP
  • Prior -0.1%; revised to 0.0%

The French economy stagnated in the final quarter of last year, with the reading matching estimates. The breakdown shows that domestic demand fell by 0.1% on the quarter. Meanwhile, foreign trade contributed 1.2% but was offset by a 1.1% decline in inventories. A slight positive takeaway is a mild revision to the Q3 figure at least. However, it still reflects stagnant growth in Europe's second biggest economy.

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