French economic growth confirmed at 0.5% in third quarter - INSEE
Tweet
Share
E-mail
A woman walks on the esplanade of La Defense, in the financial and business district of La Defense, west of Paris, France November 21, 2017. REUTERS/Gonzalo Fuentes
(Reuters) -France's economy grew in the third quarter, final data from statistics office INSEE showed on Friday, confirming the preliminary reading of 0.5% that showed resilience in the euro zone's second-largest economy.
The result was in line with an average forecast of 0.5% in a Reuters poll of 25 economists.
Exports grew to 3.2% after +0.3% in the previous quarter, boosted by a sharp increase in exports of transport equipment, the statistics office said.
Household consumption, the traditional driver of French growth, continued to grow slightly, stable at 0.1% from the previous quarter, as a rebound in energy expenditure and an increase in service expenditure more than compensated for a drop in expenditure on food products.
(Reporting by Alessandro Parodi and Alban Kacher, editing by Marianna Ciabach Malinowska)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Swedish police probe online networks after teenage girl killed in school sword attack
- Vatican to build €100 million renewable energy plant, sources say
- Multiple deaths after UK police car crash, police say
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
