France's economy expanded moderately in the first quarter on robust foreign demand, the first estimate released by the statistical office Insee showed on Friday.
Gross domestic product expanded 0.2 percent from the preceding quarter. The growth rate matched economists' expectations and followed a nil growth in the fourth quarter of 2022.
The expenditure-side breakdown showed that household consumption remained flat after falling 1.0 percent a quarter ago. Further, gross fixed capital formation declined 0.2 percent after stability in the prior period.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.