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France’s GDP growth accelerated in the second quarter

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PARIS (Dow Jones) – The growth of the French gross domestic product in the second quarter of 2010 accelerated more than expected. GDP grew by 0.6 % over the previous quarter following a revised 0.2% plus in the first quarter , as the statistics office INSEE announced on Friday .

Economists had expected an average increase of 0.4%. The French Finance Minister Christine Lagarde , the figures had previously been announced on the radio.
The statistical agency that put the gross for the first time after eight quarters of decline in the second quarter again. They rose for the quarter by 0.8 % after a decline of 0.9 % in the first quarter. The consumption expenditure of households were recovered : they increased by 0.4 %, after they had been stagnating.
Domestic demand made a positive contribution to growth of 0.5 ( previous quarter: -0.1 ) percentage points . By contrast, foreign trade in the second quarter from a negative contribution of 0.4 (previous quarter : up 0.5) percentage points. A strong share of the GDP growth also had the stock changes with an increase of 0.6 ( minus 0.2 ) percentage points.

Website: www.insee.fr

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