Quantcast
Friday , September 22 2017
Breaking News
Home / International Customs / France / France growth pace holds at 0.5%, second GDP estimate shows
France growth pace holds at 0.5%, second GDP estimate shows

France growth pace holds at 0.5%, second GDP estimate shows

PARIS: The French economy continued growing at a modest clip in the second quarter after Emmanuel Macron was elected president in May, a second reading on gross domestic product showed.

The eurozone’s second-biggest economy grew 0.5 per cent in the second quarter from the first, according to official data, matching both a previous estimate and economists’ expectations. It was the third month in a row that French GDP climbed at that pace. The rate of household consumption expenditure rose to 0.3 per cent, from 0.1 per cent in the previous quarter. Exports also rose 2.5 per cent, bucking – at least for now – expectations that a stronger euro will eat into the country’s trade.