France’s economy expanded by 0.5% in the third quarter of 2024, according to final figures released by INSEE, the country’s national statistics office. The reading confirms earlier preliminary estimates and indicates steady, moderate expansion despite ongoing global uncertainties and domestic inflationary pressures. n nThe data reflects resilience in consumer spending and modest gains in industrial output, although export performance remained subdued due to weak demand in key European markets. Business investment showed slight improvement, supported by government incentives aimed at boosting innovation and green energy transitions. n nPolicymakers will likely view the stable growth rate as a sign of underlying economic strength, though challenges remain in addressing labor market imbalances and public debt levels. With inflation gradually easing, the European Central Bank may maintain a cautious stance on interest rate adjustments in the coming months.
— news from Reuters
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French economic growth confirmed at 0.5% in third quarter – INSEE Reuters