This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.theguardian.com/business/live/2017/jan/31/eurozone-gdp-french-economy-grows-unemployment-germany-mario-draghi-live
The article has changed 17 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Eurozone GDP: French economic growth accelerates to 0.4% – business live | Eurozone GDP: French economic growth accelerates to 0.4% – business live |
| (35 minutes later) | |
| 7.19am GMT | |
| 07:19 | |
| Outgoing French president Francois Hollande will surely be pleased that the economy is growing, but his successor still faces a big challenge: | |
| The problem with the French economy? Not growing fast enough to close its output gap. It's all positive but also weak. Same old, same old. | |
| 7.11am GMT | |
| 07:11 | |
| French GDP: instant reaction | |
| German journalist Gesche Wüpper points out that France’s growth during 2016 was weaker than hoped, at just 1.1% for the year. | |
| France: GDP growth only 1,1% in 2016, below expectations of French government which predicted 1,4%. https://t.co/pvaKVVE9cF via @Boursorama | |
| Bloomberg’s Maxime Sbaihi tweets this graph, showing how France’s growth has been volatile and unspectacular over the last few years: | |
| FRANCE: GDP up 0.4% in 4Q, but overall 2016 performance (+1.1%) is weaker than 2015 (+1.2%). Same for 2017. My take: https://t.co/59iVCDd9l9 pic.twitter.com/eq6SOQVUlv | |
| Arne Petimezas, analyst at AFS Group, shows how France (in green) has lagged behind Sweden, the US, Germany and the UK over the last decade. | |
| Sweden, US stellar performers. Dutch growth accelerating, French GDP growth stays mediocre. Suspiciously little volatility in Spain GDP. pic.twitter.com/AX09AcnclR | |
| Updated | |
| at 7.11am GMT | |
| 6.49am GMT | 6.49am GMT |
| 06:49 | 06:49 |
| French GDP rises by 0.4% | French GDP rises by 0.4% |
| France has got Eurozone GDP Day off to a good start, by reporting that its economy accelerated in the last three months of 2016. | France has got Eurozone GDP Day off to a good start, by reporting that its economy accelerated in the last three months of 2016. |
| French GDP expanded by 0.4% in the October-December quarter, twice as fast as in July-September. This suggests that France’s recovery from the financial crisis continues, despite the uncertainty created by the Brexit vote last summer. | French GDP expanded by 0.4% in the October-December quarter, twice as fast as in July-September. This suggests that France’s recovery from the financial crisis continues, despite the uncertainty created by the Brexit vote last summer. |
| The figures also show that France’s economy grew by 1.1% during 2016. | |
| Statistics body INSEE says that consumer and business spending drove the recovery. | Statistics body INSEE says that consumer and business spending drove the recovery. |
| “Household consumption expenditures” rose by 0.6% during the month. while “gross fixed capital formation” jumped by 0.8%. | “Household consumption expenditures” rose by 0.6% during the month. while “gross fixed capital formation” jumped by 0.8%. |
| Exports were “more dynamic”, rising by +1.1% during the quarter while imports grew by 0.8%. And that means foreign trade balance contributed slightly to GDP growth: +0.1 points after −0.7 points in the previous quarter. | Exports were “more dynamic”, rising by +1.1% during the quarter while imports grew by 0.8%. And that means foreign trade balance contributed slightly to GDP growth: +0.1 points after −0.7 points in the previous quarter. |
| I’ll pull some reaction together now.... | I’ll pull some reaction together now.... |
| Updated | Updated |
| at 7.03am GMT | |
| 6.39am GMT | 6.39am GMT |
| 06:39 | 06:39 |
| The agenda: It's eurozone GDP Day | The agenda: It's eurozone GDP Day |
| Good morning, and welcome to our rolling coverage of the world economy, the financial market, the eurozone and business. | Good morning, and welcome to our rolling coverage of the world economy, the financial market, the eurozone and business. |
| We’ll be looking at Europe’s economy this morning, as new data are released showing how the eurozone is performing. | We’ll be looking at Europe’s economy this morning, as new data are released showing how the eurozone is performing. |
| The first estimate of eurozone GDP for the last quarter of 2016, due at 10am GMT, may show that growth picked up to +0.4%, from +0.3%. We’ll also get some figures from individual countries, including France. | The first estimate of eurozone GDP for the last quarter of 2016, due at 10am GMT, may show that growth picked up to +0.4%, from +0.3%. We’ll also get some figures from individual countries, including France. |
| The latest eurozone unemployment figures are also due at 10am GMT; economists reckon the jobless rate will stick at 9.8% again, the lowest since 2009. But Italy’s figures, due at 9am GMT, will surely show that its recovery is lagging behind. | The latest eurozone unemployment figures are also due at 10am GMT; economists reckon the jobless rate will stick at 9.8% again, the lowest since 2009. But Italy’s figures, due at 9am GMT, will surely show that its recovery is lagging behind. |
| We also get German retail sales figures for December at 7am; they’re expected to bounce back by around 0.6% after shrinking by 1.8% in November. | We also get German retail sales figures for December at 7am; they’re expected to bounce back by around 0.6% after shrinking by 1.8% in November. |
| And at 8am, European Central Bank chief Mario Draghi is giving speech on “Into the future: Europe’s digital integrated market” in Frankfurt, Germany. | And at 8am, European Central Bank chief Mario Draghi is giving speech on “Into the future: Europe’s digital integrated market” in Frankfurt, Germany. |
| Europe’s financial markets are expected to be subdued, following yesterday’s losses as investors watched the backlash against Donald Trump’s travel ban. | Europe’s financial markets are expected to be subdued, following yesterday’s losses as investors watched the backlash against Donald Trump’s travel ban. |
| Our European opening calls:$FTSE 7112 -0.09%$DAX 11669 -0.11%$CAC 4785 +0.01%$IBEX 9359 -0.03%$MIB 18770 +0.06% | Our European opening calls:$FTSE 7112 -0.09%$DAX 11669 -0.11%$CAC 4785 +0.01%$IBEX 9359 -0.03%$MIB 18770 +0.06% |
| We’ll be tracking all the action through the day... | We’ll be tracking all the action through the day... |