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法国经济第三季度意外收缩0.1%,不及预期French economy unexpectedly contracts 0.1% in Q3, missing forecasts

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法国经济在2026年第三季度意外收缩0.1%,远低于市场预期的0.3%增长,国家统计与经济研究所周五发布的初步官方数据显示。

The French economy unexpectedly contracted 0.1% in the third quarter of 2026, falling well short of market expectations for 0.3% growth, preliminary official data showed on Friday.

根据国家统计与经济研究所的数据,这一轻微下滑继第二季度持平的读数之后出现。

The slight decline followed a flat reading in the second quarter, according to the National Institute of Statistics and Economic Studies.

外贸急剧恶化严重拖累经济,从国内生产总值增长中扣除0.6个百分点,而上一季度曾贡献0.6个百分点。

A sharp deterioration in foreign trade weighed heavily on the economy, deducting 0.6 percentage points from gross domestic product growth after contributing 0.6 percentage points in the previous quarter.

7月至9月期间,出口下降1.7%,主要受运输设备出货量暴跌9.1%(尤其是航空航天)以及农产品出口暴跌7%拖累。进口基本持平,微增0.1%,而第二季度曾扩张0.9%。

Exports fell 1.7% during the July-September period, driven down by a 9.1% drop in transport equipment shipments, particularly aeronautics, alongside a 7% slump in agricultural exports. Imports remained virtually flat, edging up 0.1% after expanding 0.9% in the second quarter.

第三季度商品和服务总产出下滑0.1%,制造业产出下降1.4%,受疲软的汽车制造、糟糕的夏季收成以及热浪导致发电站可用性降低影响。

Total production of goods and services slipped 0.1% during the quarter as manufacturing output fell 1.4%, affected by weak car manufacturing, poor summer harvests and reduced power station availability amid heat waves.

建筑业产出下降0.4%,而市场服务业产出上升0.3%,得益于信息和通信服务扩张1%。

Construction output decreased 0.4%, while market services output rose 0.3%, supported by a 1% expansion in information and communication services.

扣除存货的最终国内需求对增长贡献0.1个百分点,与第二季度表现持平。

Final domestic demand excluding inventories contributed 0.1 percentage points to growth, matching its performance in the second quarter.

家庭消费增长加速至0.4%,高于上一季度的0.2%,受电动汽车购买、电力支出反弹和娱乐服务提振。

Household consumption growth accelerated to 0.4% from 0.2% in the previous quarter, bolstered by electric vehicle purchases, rebounding electricity spending and recreational services.

公共管理消费上升0.3%,延续上升趋势,第二季度曾增长0.4%。

Public administration consumption rose 0.3%, continuing its upward trend after a 0.4% increase in the second quarter.

相比之下,以固定资本形成总额衡量的总投资在第三季度下降0.6%,此前连续三个月收缩0.5%。

In contrast, total investment, measured as gross fixed capital formation, fell 0.6% in the third quarter following a 0.5% contraction in the preceding three months.

制造品投资下降1.9%,因运输设备下滑拖累,而建筑投资下降0.5%。

Investment in manufactured goods dropped 1.9% on declines in transport equipment, while construction investment decreased 0.5%.

库存变化对国内生产总值增长的贡献为正 0.4 个百分点,主要得益于航空航天产品,此前第二季度航空航天产品库存大幅减少。

Changes in inventories provided a positive contribution of 0.4 percentage points to gross domestic product growth, largely driven by aerospace products after a sharp drawdown in the second quarter.

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