Live Updates > Live Update Details
2025-07-30 14:15:11
France's Q2 GDP Growth Surpassed Expectations, Hitting a One-Year High. (1) Preliminary data from France indicates that GDP grew by 0.3% quarter-on-quarter in the second quarter of 2025, up from 0.1% in the first quarter. This marked the fastest growth since the third quarter of 2024, primarily driven by a positive shift in inventories (contributing 0.5 percentage points), while domestic demand remained flat and net trade dragged down growth. (2) Household consumption edged up by 0.1% quarter-on-quarter (from -0.3% in the previous quarter). Easter holiday purchases and favorable weather boosted food and tobacco consumption, and accommodation and food services saw a significant recovery. Government spending remained stable (0.2% vs. -0.2%). (3) However, fixed investment continued to contract (-0.3% vs. -0.1%), pressured by a weak construction sector and declining industrial output. Exports rebounded by 0.2% quarter-on-quarter (from -1.1% in the previous quarter), as businesses increased shipments to the US. Imports grew by 0.8%, driven by demand for energy and industrial products. (4) Year-on-year, GDP growth edged up to 0.7% from 0.6% in the first quarter.
