French economy grows slightly in Q1

The French economy grew slightly in the first quarter, preliminary data from the INSEE statistics agency showed on Tuesday, a touch above analysts' expectations. The euro zone's second-biggest economy rose by 0.2% in the first three months of the current year after a 0.1% growth in the fourth quarter of 2023, INSEE said in its quarterly GDP report.

The French economy grew slightly in the first quarter, preliminary data from the INSEE statistics agency showed on Tuesday, a touch above analysts' expectations.

The euro zone's second-biggest economy rose by 0.2% in the first three months of the current year after a 0.1% growth in the fourth quarter of 2023, INSEE said in its quarterly GDP report. Quarterly household spending growth accelerated to 0.4% compared with 0.2% in the fourth quarter of 2023.

A Reuters poll of 29 economists had on average forecast a 0.1% growth in gross domestic product (GDP), in the first quarter, with estimates ranging from 0.0% to +0.2%. The growth in the quarter was in line with Bank of France's expectation announced in early April.

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