France’s GDP grows 1.1 percent in 2015

Paris, Jan 30 (IANS) France expanded its gross domestic product (GDP) by 1.1 percent in 2015 in line with the government’s target, compared to the 0.2 percent rise a year earlier, Insee figures showed.

Last year, France saw household consumption at 1.4 percent, up by 0.8 percentage points with purchasing power improving to 1.8 percent from 1.1 percent reported in 2014, Xinhua cited Insee, responsible for coordinating France’s official statistical service, as saying.

Over the period, France’s industrial production grew by 1.3 percent, mainly due to boosted output in manufacturing, according to Insee’s report on Friday.

Investment increased by two percent, exports accelerated by 5.9 percent while imports gained 2.2 percentage points to 6.3 percent.

“2015 was the year of recovery which must be expanded in 2016 to allow us to create more jobs. That’s our priority,” French Finance Minister Michel Sapin said.

France estimates a GDP growth of 1.5 percent for 2016.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here