Pubblicato in: Banche Centrali, Devoluzione socialismo

Francia. 2021Q1. Pil -4.7%, Consumi -6.8%, Exports -9.9%, comparati sul 2019Q4. – Insee.

Giuseppe Sandro Mela.

2021-05-29.

2021-05-29__ Insee 001

«Warning

Given the strong economic fluctuations in recent quarters, evolutions from Q4 2019 may be considered as reflecting the activity better than quarterly fluctuations. Tables have therefore been duplicated to show both quarterly evolutions (Q/Q-1) and evolutions from Q4 2019

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In sintesi.

– [GDP] It stood 4.7% below its level in Q4 2019, which was the last quarter before the Covid-19 crisis

– Households’ consumption expenditure …. remained well below its pre-crisis level (-6.8% compared to Q4 2019)

– Imports were thus 6.9% below their pre-crisis level

– exports remained further away (-9.9%)

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Il National Institute of Statistics and Economic Studies for Metropolitan France and Overseas France (Insee) ha pubblicato il Report

GDP was almost stable in Q1 2021 (-0.1%), the purchasing power of GDHI fell (-1.0%) but remained above its pre-crisis level

«In Q1 2021, gross domestic product (GDP) in volume terms* fell slightly:  -0.1% after -1.5% in Q4 2020. It stood 4.7% below its level in Q4 2019, which was the last quarter before the Covid-19 crisis.

Households’ consumption expenditure was almost stable (+0.1% after -5.6%) and remained well below its pre-crisis level (-6.8% compared to Q4 2019). Gross fixed capital formation (GFCF) increased slightly (+0.2% after +1.7%) and was closer to its pre-crisis level (-2.3%). Overall, final domestic demand excluding inventories contributed by +0.1 points to GDP growth this quarter.

Imports remained relatively dynamic (+1.1% after +2.2%), while exports fell slightly (-0.2% after +4.9%). Imports were thus 6.9% below their pre-crisis level, while exports remained further away (-9.9%). Overall, the external balance contributed negatively to GDP growth: -0.4 points, after +0.7 points. Conversely, changes in inventories made a positive contribution to GDP growth (+0.2 points after +0.6 points).»

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«Warning

Given the strong economic fluctuations in recent quarters, evolutions from Q4 2019 may be considered as reflecting the activity better than quarterly fluctuations. Tables have therefore been duplicated to show both quarterly evolutions (Q/Q-1) and evolutions from Q4 2019.»

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