Recent Updates
- ** India's RBI Effective XR have rebased from 2004-05=100 to 2015-16=100. We are currently working on these changes. **
- Korea: Passenger Car Trade (Q4), MOTIE Trade (Feb)
- Manufacturing PMIs: Japan, China (Feb)
- Australia: MI Inflation Gauge Index, Avg Weekly Job Ads (Feb),
- more updates...
Economy in Brief
Chicago Business Barometer Declines Sharply in February
The ISM-Chicago Purchasing Managers Business Barometer fell 4.3 points in February to 59.5...
Goods Trade Deficit Widened Slightly in January
The advance estimate of the U.S. trade deficit in goods widened slightly to $83.74 billion in January..
Japan's Industrial Sector Mounts a Comeback
Japan's IP surged in January gaining 4.3% compared to December...
Aircraft Orders Boost U.S. Durable Goods Orders in January
Manufacturers' orders for durable goods increased a much larger-than-expected 3.4% m/m (4.5% y/y) in January...
Kansas City Fed Manufacturing Index Increases Again in February
The Kansas City Fed reported that its manufacturing sector business activity index rose to 24 in February...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Carol Stone May 20, 2005
GDP growth in France slowed markedly in Q1 to 0.2% from 0.7% in Q4 2004. A smaller gain in household consumption and an outright decline in exports were responsible for the sluggish Q1 performance. Notably, however, fixed capital formation sustained its Q4 gain of 1.3%; of this, nonfinancial corporations' capital investment grew 1.6%, making for a 4.0% advance year-on-year.
By industry, value added in manufacturing fell 0.2%, with declines in intermediate goods and automobile production. Among service-producing industries, overall growth was 0.3%, following 0.7% in Q4. Performances of individual service sectors was quite mixed, with declines, for instance, in transportation and personal services, but further sizable increases in finance and real estate.
The volume measures in this GDP report for France are the first using 2000 as a base year, moving from 1995. The data are all revised historically. The price measures still have fixed weights, with 2000 prices. Chain-weighting of price indexes is set to be introduced in May 2006. In the table below, we show total GDP growth at 1995 prices; a quick comparison of these few observations suggests that the switch in base years had little impact on basic growth patterns, although it did alter individual periods.
France | Q1 2005 | Q4 2004 | Year/Year | 2004 | 2003 | 2002 |
---|---|---|---|---|---|---|
GDP - 2000 Prices | 0.2 | 0.7 | 1.7 | 2.1 | 0.9 | 1.3 |
Memo: GDP - 1995 Prices | -- | 0.9 | -- | 2.4 | 0.5 | 1.1 |
Household Consumption | 0.7 | 1.1 | 2.2 | 2.3 | 1.6 | 2.3 |
Gross Fixed Capital Formation | 1.3 | 1.3 | 3.3 | 2.2 | 2.7 | -1.7 |
Exports | -0.1 | 0.9 | 2.1 | 2.4 | -1.7 | 1.5 |
Imports | 0.6 | 1.0 | 7.0 | 6.1 | 1.3 | 1.5 |