Financial News: France GDP Growth Confirmed At 0.1%

France GDP Growth Confirmed At 0.1%

05/28/2025 - 05:21:00 (RTTNews)

(RTTNews) - The French economy recovered in the first quarter, as initially estimated, the statistical office INSEE reported Wednesday.

Gross domestic product grew 0.1 percent from the fourth quarter, when the economy shrank 0.1 percent. The rate matched the estimate published on April 30.

On the expenditure side of GDP, household consumption declined 0.2 percent, which was pulled down in particular by the drop in spending on transport equipment. Meanwhile, government spending grew 0.2 percent.

At the same time, gross fixed capital formation remained flat for the second straight time.

Foreign trade kept contributing negatively to GDP growth in the first quarter. Exports decreased sharply by 1.8 percent on weaker demand for transport equipment and chemical products. By contrast, imports climbed 0.5 percent, boosted by energy and other industrial products.

Finally, the contribution of changes in inventories to GDP growth was clearly positive by 1.0 point.

In April, household consumption rebounded due to the increase in consumption of food and engineered goods. Household spending rose 0.3 percent, in contrast to the 1.1 percent decrease in March.

Food consumption advanced 2.1 percent and engineered goods consumption gained 0.7 percent. By contrast, energy consumption decreased 3.6 percent.

Another data today showed that producer prices in France declined for the seventeenth straight month in April. Producer prices decreased 0.8 percent year-on-year, following a 0.2 percent drop in March. At the same time, monthly fall in producer prices deepened to 4.3 percent from 0.5 percent.

In the first quarter, payroll employment dropped 0.1 percent or 20,900 from the previous quarter. This followed a decrease of 0.4 percent or -98,600 in the fourth quarter.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

New Zealand Manufacturing PMI Data Due On Friday (03 hr(s), 47 min(s), 01 sec(s) ago)
(RTTNews) - New Zealand will on Friday release May results for the manufacturing PMI from Business ...Full Story»

Thirty-Year Bond Auction Attracts Average Demand (08 hr(s), 36 min(s), 01 sec(s) ago)
(RTTNews) - The Treasury Department announced the results of this month's auction of $22 billi ...Full Story»

Portugal Inflation Confirmed At 2.3% (11 hr(s), 49 min(s), 01 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation increased slightly as initially estimated in M ...Full Story»

U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected (11 hr(s), 57 min(s), 01 sec(s) ago)
(RTTNews) - After reporting an unexpected decrease by U.S. producer prices in the previous month, ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High (12 hr(s), 0 min(s),01 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing first-time claims for U.S. ...Full Story»

Irish Inflation Eases To 5-month Low (12 hr(s), 58 min(s), 01 sec(s) ago)
(RTTNews) - Ireland's consumer price inflation moderated in May to the lowest level in five mo ...Full Story»

U.S. Producer Prices Inch Up Less Than Expected In May (13 hr(s), 10 min(s), 01 sec(s) ago)
(RTTNews) - After reporting an unexpected decrease by U.S. producer prices in the previous month, ...Full Story»

U.S. Weekly Jobless Claims Unchanged At 248,000 (13 hr(s), 16 min(s), 01 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing first-time claims for U.S. ...Full Story»