France GDP dropped -0.1% qoq in Q4, much worse than expectation of 0.3% qoq expansion. On average over 2019, GDP growth slowed to 1.2%, from 1.7% in 2018.
Looking at some details, household consumption expenditure slowed to 0.2% qoq, down from 0.4% qoq. Total gross fixed capital formation slowed sharply to 0.3% qoq, down form 1.3% qoq. Exports stayed in contraction, for the third quarter, by -0.2% qoq.
