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France GDP grew 0.3% in Q3, household consumption accelerated

France GDP grew 0.3% qoq in Q3, unchanged from Q2’s rate, and beat expectation of 0.2% qoq. Looking at some details, household consumption expenditures accelerated slightly (0.3% after 0.2%), while total gross fixed capital formation decelerated (GFCF: 0.9% after 1.2%). Overall, final domestic demand excluding inventory changes remained dynamic and grew at the same pace as the previous quarter: it contributed 0.5 points to GDP growth.

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