French economy growth confirmed at 0.1pct in Q1
KUALA LUMPUR: 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 per cent 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 per cent, the same rate as in the previous quarter.
Household savings rate grew to 18.8 per cent in the first quarter from 18.5 per cent in the last quarter of 2024, the statistics office said.
French corporate profit margins inched down to 31.8 per cent in the first three months of the year from 32 per cent in the previous period.
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