External broker reports(aggregated public sources), Unicredit

Unicredit Research

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External broker reports(aggregated public sources)

France:  Global Funds Overweight Ahead of Snap Election

Unicredit

Macroeconomics

<ul><li>French GDP expanded 0.2% qoq in 1Q24, after increasing 0.1% qoq at the end of last year. On an annual basis, growth accelerated to 1.1% from 0.8% previously.</li><li>Looking at the GDP breakdown, final domestic demand re-accelerated, adding 0.4pp to GDP growth after no contribution in the previous quarter.</li><li>This more than offset a negative contribution from inventories (-0.2pp). </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

French GDP expanded 0.2% qoq in 1Q24, after increasing 0.1% qoq at the end of last year. On an annual basis, growth accelerated to 1.1% from 0.8% previously.Looking at the GDP breakdown, final domestic demand re-accelerated, adding 0.4pp to GDP growth after no contribution in the previous quarter.This more than offset a negative contribution from inventories (-0.2pp). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Data Comment - France: Slow recovery sets in