French GDP grew 0.2% qoq in Q2, missed expectation of 0.3% qoq, slowed from Q1’s 0.3% qoq. Looking at the details, household consumption expenditure slowed from 0.4% qoq to 0.2% qoq. But total gross fixed capital formation jumped from 0.5% qoq to 0.9% qoq. Final domestic demand excluding inventories accelerated slightly. Imports were stable, slowed from 1.1% qoq to 0.1% qoq. Export growth was unchanged at 0.2% qoq. Foreign trade balance didn’t contribute to GDP growth, at 0.0%.
