France Confirms 0.3% Rise In GDP In Q2

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Friday, French statistical office confirmed an economic growth of 0.3% in the second quarter, compared to the first. That was the first increase in gross domestic product in five quarters.

This bounce is partly due to the narrowing of the foreign trade balance in the second quarter, the statistical agency said.

Exports grew 0.7% in the second quarter after a 7.4% decline in the first quarter, while imports decreased 2.1% following a 5.9% decline.

Households' consumption's expenditures rose 0.2%, slightly faster than 0.1% rise in the previous quarter. Total investment decline softened to 0.9% from 2.6%.

Non financial corporations' margin ratio increased by 0.2 points to 30.4%. Purchasing power of households' gross disposable income grew by 1.1%.

Friday, French statistical office confirmed an economic growth of 0.3% in the second quarter, compared to the first. That was the first increase in gross domestic product or GDP in five quarters. (Market News Provided by RTTNews)