Off the wire
Zambia opposition party welcomes ICC probe  • Scorpene submarines data leak poses no security threat: Indian Navy  • News Analysis: Calls for supporting Niger's taekwondo after Rio success  • Major news items in leading German newspapers  • Development issue to take prominent position in G20 Hangzhou summit  • Guinea parliament asked to ratify 41-mln-USD loan agreement  • Chinese SOEs united in building materials merger  • 10 Cambodian workers repatriated from Malaysia  • AfDB chief says African economies showing good signs  • German manufacturers' export expectations fall in August due to Brexit: Ifo  
You are here:   Home

France's economic growth in Q2 confirmed at zero

Xinhua, August 26, 2016 Adjust font size:

France's national statistics institute, Insee, on Friday confirmed stagnation of French economic growth in the second quarter this year, after the eurozone's second largest economy had recorded an unexpected growth rate of 0.7 percent a quarter earlier.

The quarterly dull performance was attributed to negative contribution of household expenditure and investment, the country's main growth engine.

In its second estimate, Insee saw stagnated consumer spending from a 1.2 percent rise in first quarter while investment fell by 0.2 percent in the second three months of the year against the 1.3 percent increase a quarter earlier.

French government targeted 1.5 percent growth for the whole year of 2016. Endit