In Q4 2012, French gross domestic product (GDP) in volume* stepped back (–0.3%), after +0.1% the previous quarter. Over the year, GDP growth was null in 2012, after +1.7% in 2011. Households’ consumption expenditure slightly increased at the end of the year (+0.2% after +0.3%). Their growth are overcompensated by the new step back (–1.0% after –0.5%) of gross fixed capital formation (GFCF). Therefore, total domestic demand (excluding inventory changes) was neutral on GDP evolution (after +0.1 point). Exports downturned in Q4 (–0.6% after +0.7%) and imports‘ decline increased (–0.8% after –0.5%). Ultimately, foreign ... (full story)