(Reuters) -France's economy grew slightly in the second quarter, final data from statistics office INSEE showed on Friday, confirming the preliminary reading of 0.3% that showed the euro zone's second
France's Economy Grows 0.3% in Q2, Confirming Initial Estimates
Overview of France's Economic Performance
(Reuters) -France's economy grew slightly in the second quarter, final data from statistics office INSEE showed on Friday, confirming the preliminary reading of 0.3% that showed the euro zone's second-largest economy gaining momentum.
Exports and Consumption Trends
The result was in line with an average forecast of 0.3% in a Reuters poll of 21 economists.
Economic Forecasts and Predictions
Exports rebounded moderately to +0.5% after -1.2% in the previous quarter, boosted by a strong rise in exports of pharmaceutical products, the statistics office said.
Household consumption, the traditional driver of French growth, rebounded slightly to 0.0% from -0.3% in the previous quarter, as an increase in spending on food and services offset a sharp drop in energy spending (-2.4% in Q2 after +0.8% in Q1).
(Reporting by Alban Kacher; Editing by Matt Scuffham)
