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French Economy Beats Expectations in Q2


Tue 30 Jul 2024 | 08:37 PM
Taarek Refaat

The French economy grew by a better-than-expected 0.3% in the second quarter, the National Statistics Institute said Tuesday.

The quarter-on-quarter growth beat the institute’s previous estimate of 0.1%, driven by foreign trade and a recovery in business investment.

Domestic demand contributed to the growth to some extent, while household spending, a key driver of growth in the first quarter, remained flat in the three months to June.

The institute also revised its first-quarter growth estimate to 0.3% from a previous 0.2%.