The Gross Domestic Product is a comprehensive measure of a France's overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. While GDP announcements generally conform to expectations, unanticipated changes in this metric can move markets.

Robust GDP growth signals a heightened level of economic activity and often a higher demand for the domestic currency. At the same time, economic expansion raises concerns about inflationary pressures which may lead monetary authorities to increase interest rates. Thus better than expected GDP figures are generally bullish for the Euro, while negative readings are generally bearish.

Technically, Gross Domestic Product is calculated in the following way:

GDP = C + I + G + (EX - IM)

where

C = private consumption I = private investment G = government expenditure EX = exports of goods and services IM = imports of goods and services

French GDP figures, officially called Quarterly National Accounts, are released quarterly. The headline figures are annualized percentage changes in real and nominal GDP.

Relevance: Tends to move markets on release
Release schedule: 6:50 (GMT); quarterly, 50 days after the end of the reporting quarter
Revisions schedule: Final report is issued 90 days after the end of the quarter
Source of report: National Institute for Statistics and Economic Studies (France)
Web Address: http://www.insee.fr/en/home/home_page.asp
Address of release: http://www.insee.fr/en/indicateur/cnat_trim/publications.htm refer to Trade Balance
AKA: Foreign Quarterly National Accounts

 

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