France Quarterly National Accounts. Growth quality in focus.
A seven-module structural macro monitor combining quarterly national accounts with quarterly sector-account diagnostics.
Seven modules describe the current growth mix.
The latest A-CLUSTER output classifies the quality of growth across demand, investment, competitiveness, household and corporate conditions, and the external sector.
Growth Quality
External-sector-led growth. External sector supporting growth; Inventories materially subtracting from growth
Investment Quality
Productive-capital intensive. High intellectual-property share; Real GFCF contracting
Competitiveness
Mixed / broadly neutral.
Household Demand
Durable-led discretionary demand.
Household Income & Saving
Household income pressure. Actual final consumption per capita unavailable for selected country
Corporate Income & Investment
Mixed corporate cycle.
External Sector
Export-supported external contribution.
Constructive but mixed.
The concise production page is designed for rapid reading; the full analytical report contains the detailed charts, tables and methodology.
External-sector-led growth
Primary driver: Net exports. Domestic demand -0.37 pp; net exports +0.90 pp.
Productive-capital intensive
GFCF 22.2% of GDP; productive-capital proxy 46.0%.
Household income pressure
Saving rate 17.4%; real disposable income per capita -0.12% QoQ.
Export-supported external contribution
Real exports +3.7% YoY; real imports +1.0% YoY.