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French construction sector reduces by 0.4% the GDP growth in 1H14

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Francois Hollande1

Posted By: The Corner 25th August 2014

Although housing starts recovered to 400,000 units after the crisis, they have fallen back to around 300,000 estimated for this year, when the official target was 500,000.

Consequently, it is estimated that the stagnation of the construction has cost 0.4 percentage points to the French GDP growth in the first half of 2014, during which presented zero growth, forcing the government to revise its 2014 estimate of GDP from + 1% to + 0.5%.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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