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- French economy was flat in the second quarter
French economy was flat in the second quarter
The French statistical office Insee released its gross domestic product (GDP) growth for France on Friday. France's preliminary GDP was flat in the second quarter, missing expectations for a 0.2% rise, after a 0.7% increase in the first quarter. The first quarter's figure was revised up from a 0.6% gain.
Total production in goods and services fell 0.1% in the second quarter, after a 0.8% increase in the first quarter as output in the manufactured goods dropped.
Households' spending declined strongly.
Export climbed 1.7% in the second quarter, after a 1.3% in the first quarter, while imports rose at a slower pace.
On a yearly basis, France's GDP rose to 1.0% in the second quarter from 0.8% in the first quarter.
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