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France: Growth rebound is confirmed but it lacks momentum – BNPP

FXStreet (Delhi) – Research Team at BNP Paribas, suggests that the French GDP grew by 0.3% q/q in the third quarter, after having stagnated in Q2 and the expected rebound showed up, but it lacks any strength.

Key Quotes

“Household consumption and business investment rose, but only modestly. Growth was also propped up by a highly positive contribution from inventory changes, largely reflected in the strong rise in imports. The resulting negative contribution of net exports was amplified by the fall in exports. The recovery still lacks any zest, mirroring the pattern seen across the euro zone.”

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