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Zero growth for French economy Zero growth for French economy
(34 minutes later)
France's economy did not grow at all between April and June, according to official estimates.France's economy did not grow at all between April and June, according to official estimates.
But growth in the first three months of the year was revised up from 0.6% to 0.7%, the statistics office Insee said. But growth in the first three months of the year was revised upwards from 0.6% to 0.7%, the statistics office Insee said.
The German economy grew 0.4% in the second quarter, up from 0.3% in the first quarter.
Gross domestic product and inflation figures from across the eurozone are due out later in the morning.
French finance minister Michel Sapin said the country's economy was still on track to reach the government's forecast of 1% growth for the year.
He highlighted strong exports, which grew 1.7% in the quarter, having grown 1.3% in the previous quarter.
Growth in consumption by households slowed sharply from 0.9% to 0.1%, while production of goods and services contracted slightly.Growth in consumption by households slowed sharply from 0.9% to 0.1%, while production of goods and services contracted slightly.
Gross domestic product figures from across the eurozone are due out later in the morning. Exports also grew strongly in Germany, helped by the weaker euro.
Finland's economy recorded a second quarter of contraction, down 0.4% having recorded negative growth of 0.1% in the first quarter.
On Thursday, preliminary figures from Greece suggested its economy grew a considerably better-than-expected 0.8% in the second quarter, while the first quarter's figure was revised from a 0.2% contraction to zero growth.