Economic growth in France failed to bounce back in the second quarter after a slow down in the first three months of 2018 amid lower household spending.
The country’s GDP grew at 0.2 per cent in the three months to the end of June, the same percentage growth seen in the first three months of the year, according to a first estimate from the National Institute of Statistics and Economic Studies, or Insee.
Household spending slipped 0.1 per cent while gross fixed capital formation showed a recovery from the prior quarter.
Imports and exports both rose, 1.7 per cent and 0.6 per cent, respectively, following falls in the first three months of the year, but foreign trade still contributed negatively to GDP growth, after a neutral first quarter.
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