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Investing.com -- France’s economy experienced a minor expansion in the first quarter, according to the final data released by the statistics office INSEE on Wednesday.
This data aligns with the preliminary reading of 0.1%, which indicated a rise in companies’ inventories offsetting a weaker domestic demand and exports.
This growth rate matched the average prediction from a poll of 24 economists.
In the first quarter, French households’ purchasing power grew by 0.3%, maintaining the same rate as the previous quarter.
The household savings rate experienced a slight increase, moving up to 18.8% in the first quarter from 18.5% in the last quarter of 2024, as reported by the statistics office.
On the other hand, French corporate profit margins saw a marginal decrease, dropping to 31.8% in the first three months of the year from 32% in the preceding period.
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