France GDP up 1.1% in 2015.THE BUILDING SECTOR ALSO REBOUNDING

France GDP up 1.1% in 2015.THE BUILDING SECTOR ALSO REBOUNDING

France GDP up 1.1% in 2015.THE BUILDING SECTOR ALSO REBOUNDING

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france
france

In spite of a slight dip in the fourth quarter of 2015 (+0.2% from the third, when it was up 0.3%), France’s GDP grew by 7.1% on an annual, basis, the highest growth in four years. This was announced by insee, the French statistical institute, which stressed how this good performance was sustained by a big increase (+0.8%) in investments that offset a significant drop in purchases (-0.4% after +0.4%). ln particular, returning to growth after eight consecutive quarterly downturns were investments in building (up 0.5%) a clear sign of an uptake in real estate. Italy’s exports of finished and semi-finished stone materials to France (its seventh-ranking destination market) in the first nine moths of 2015 had revenue of 44.6 million euros, while France bought Italian stone-working machinery and equipment worth 17.4 million euros.

france-gdp
france-gdp

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