France change in inventories at current prices (SA-WDA)
France change in inventories at current prices (SA-WDA) stood at -2,343 EUR million in Q2 2026, according to INSEE – Institut national de la statistique et des études économiques (BDM). It is one of the indicators in the Quarterly GDP and value added table (Value · Quarterly), with a complete series running from Q1 1949 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Quarterly GDP and value added table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Levels | |||||||||||
| Change in inventories - Total - Values at current prices - SA-WDA series | -2,343 | 3,691 | -3,061 | 854 | 5,030 | 3,316 | -1,886 | 1,356 | -3,930 | -3,989 | |
| Acquisitions less disposals of valuables - Total - Values at current prices - SA-WDA series | 336 | 335 | 335 | 335 | 336 | 338 | 339 | 339 | 336 | 331 |
Understanding france change in inventories at current prices (SA-WDA)
The monetary value of physical changes in material stocks held by resident producers—including raw materials, work-in-progress, finished goods, and goods for resale—is captured in this nominal economic indicator. Stated at current market prices without deflation, the series measures the difference between additions to inventories and withdrawals, plus any losses of recurrently held goods. Unlike final consumption or fixed capital formation, this aggregate can swing between positive and negative values from one quarter to the next, reflecting shifts in production relative to sales.
Reading inventory fluctuations requires caution because valuation changes can mix with physical volume shifts, particularly during periods of volatile commodity prices. Quarterly figures often display high volatility and serve as a primary source of revision in national accounts as more complete inventory surveys replace preliminary modeling. Analysts should examine this series alongside output and trade data to understand whether inventory accumulation stems from planned production expansion or unexpected drops in final demand.
Frequently asked questions
- Does change in inventories include holding gains on stored goods?
- National accounts adjust inventory valuation to remove holding gains and losses, ensuring the metric reflects only the physical change in stocks.
- Why can inventory change figures be negative?
- A negative value indicates that withdrawals from storage during the period exceeded additions made by producers.
- How does this series interact with gross domestic product calculations?
- Inventory change is a component of gross domestic product by expenditure, meaning unexpected shifts can heavily influence short-term growth rates.