French Economy Recovers In Q1

RTTNews | Pred 101 dňami

(RTTNews) - The French economy avoided a technical recession in the first quarter with a marginal expansion, official data revealed on Wednesday. Gross domestic product grew 0.1 percent from the fourth quarter, when the economy shrank 0.1 percent, flash data from the statistical office INSEE showed. The rate came in line with expectations.

Data showed that final domestic demand, excluding inventories stalled in the first quarter, contributing 0.0 point.

Household consumption remained flat after a 0.2 percent rise. At the same time, government spending edged up 0.1 percent but slower than the 0.4 percent gain a quarter ago.

At the same time, the decline in gross fixed capital formation worsened to 0.2 percent from -0.1 percent.

Foreign trade kept contributing negatively to GDP growth in the first quarter. Shipments fell sharply by 0.7 percent, reversing a 0.2 percent rise in the prior quarter. Meanwhile, imports advanced 0.4 percent compared to a 0.5 increase in the fourth quarter.

Finally, changes in inventories made a positive contribution to GDP. It contributed 0.5 points after -0.2 points in the preceding period.

Another data from the statistical office showed that consumer spending declined the most since December 2022 mainly due to the downturn in engineering goods and energy consumption.

Household spending slid 1.0 percent in March, following a 0.2 percent fall in February and also reached its lowest level since November 2014, excluding the Covid period.

Značky: EUR

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RTTNews | Pred 1 dňom

German Exports Recover In June

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RTTNews | Pred 2 dňami

Eurozone Retail Sales Recover In June

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RTTNews | Pred 2 dňami

German Factory Orders Log Unexpected Fall

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RTTNews | Pred 2 dňami

Eurozone Private Sector Continues To Expand

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RTTNews | Pred 3 dňami

Eurozone Investor Sentiment Weakens Unexpectedly

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RTTNews | Pred 4 dňami

Eurozone Inflation Steady At 2% ECB Target

Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.

RTTNews | Pred 7 dňami

Eurozone Manufacturing Activity Moves Closer To Stagnation

The euro area manufacturing activity registered a broad stabilization in July as output continued to increase despite a fresh fall in new orders, purchasing managers' survey compiled by S&P Global showed on Friday. The HCOB final manufacturing Purchasing Managers' Index rose to a three-year high of 49.8 in July from 49.5 in June. The score matched the flash estimate.

RTTNews | Pred 7 dňami

EURUSD	1.16406	GBPUSD	1.34456	AUDUSD	0.65189
USDJPY	147.742	USDCAD	1.37555	USDCHF	0.80829

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French Economy Recovers In Q1