French GDP || QoQ Prelim: 0.1% (Forecast 0%, Previous 0.2%)

French GDP GDP Gross Domestic Product (GDP) is the monetary value of all the goods and services produced within a country's borders in a specific period of time, typically a year. It is used to measure the economic activity and growth of a country. Periods shorter than a year are often presented in an annualized or year-over-year format.There are three ways to calculate GDP:The expenditure approach: GDP is calculated by adding up all the spending on goods and services within a country. This includes consumer s Gross Domestic Product (GDP) is the monetary value of all the goods and services produced within a country's borders in a specific period of time, typically a year. It is used to measure the economic activity and growth of a country. Periods shorter than a year are often presented in an annualized or year-over-year format.There are three ways to calculate GDP:The expenditure approach: GDP is calculated by adding up all the spending on goods and services within a country. This includes consumer s Read this Term ||

• QoQ Prelim: 0.1% (Forecast 0%, Previous 0.2%)
• YoY Prelim: 0.5% (Forecast 0.5%, Previous 1.0%)
• Consumer Spending MoM: -1.3% (Forecast 0.3%, Previous 0.5%)

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For 2022 as a whole, the French economy grew by 2.6%, added the INSEE statistics office in its preliminary figures.

Full Reuters Note

The Bank of France said in forecasts published in December that France's economic growth would fall to 0.3% in 2023 from 2.6% for 2022.

BBG - The numbers offer some relief for Europe after data Monday revealed an unexpected downturn in Germany in the final three months of the year. Figures for the entire euro area are due at 11 a.m. Analysts see a small contraction.