French economy growth confirmed at 0.1% in first quarter

(Reuters) -France's economy grew slightly in the first quarter, final data from statistics office INSEE showed on Wednesday, confirming the preliminary reading of 0.1% that showed a rise in companies' inventories balancing out weak domestic demand and exports.

The result was in line with an average forecast in a Reuters poll of 24 economists.

French households' purchasing power increased by 0.3%, the same rate as in the previous quarter.

Household savings rate grew to 18.8% in the first quarter from 18.5% in the last quarter of 2024, the statistics office said.

French corporate profit margins inched down to 31.8% in the first three months of the year from 32% in the previous period.

(Reporting by Michal Aleksandrowicz; Editing by Sharon Singleton and Tomasz Janowski)

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