Latest data released by INSEE - 30 April 2019
- Prior (Q4) +0.3%
- Preliminary GDP +1.1% vs +1.1% y/y expected
- Prior +1.0%
Looking at the details, domestic demand and inventory build-ups both contributed +0.3% to Q1 GDP but that is offset by foreign trade which recorded -0.3% in the first quarter. This basically highlights the plight faced by the Eurozone region, whereby domestic demand is holding up but exports/trade is seen weakening.
