(Reuters) -France's economy grew slightly in the first quarter, final data from statistics office INSEE showed on Wednesday, confirming the preliminary reading of 0.1% that showed a rise in companies'
France's Economy Grows by 0.1% in Q1, Confirming Initial Estimates
(Reuters) -France's economy grew slightly in the first quarter, final data from statistics office INSEE showed on Wednesday, confirming the preliminary reading of 0.1% that showed a rise in companies' inventories balancing out weak domestic demand and exports.
The result was in line with an average forecast in a Reuters poll of 24 economists.
French households' purchasing power increased by 0.3%, the same rate as in the previous quarter.
Household savings rate grew to 18.8% in the first quarter from 18.5% in the last quarter of 2024, the statistics office said.
French corporate profit margins inched down to 31.8% in the first three months of the year from 32% in the previous period.
(Reporting by Michal Aleksandrowicz; Editing by Sharon Singleton and Tomasz Janowski)
