Bank of France - Annual Report 2005

According to the Bank of France's Annual Report 2005, in 2005, France posted economic growth of 1.4%, compared with 2.1% in 2004.

This slowdown can be attributed to the relative decline in household consumption (2.1%, after 2.3% in 2004), and a lower contribution to growth from changes in inventories (0.2 percentage point, compared with 0.8). These developments more than offset the acceleration in total investment (3.3%, against 2.1%).

Foreign trade contributed negatively to growth (-1 percentage

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