The French economy expanded in the third quarter, beating economists’ forecasts on the back of strong domestic demand.
The second largest economy in the euro zone grew by 0.2% in the third quarter, the French statistics agency Insee announced on Friday in a first estimate for the period. Economists polled by the Wall Street Journal had forecast the economy to grow 0.1% qoq.
Compared to the previous year, the economy grew by 1.0% in the third quarter.
Domestic demand contributed 0.4% to GDP growth while trade held back growth.
Spain and Germany are also expected to publish gross domestic product figures on Friday.
Write to Maria Martinez at [email protected]
Comments are closed.