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| Version 1 | Version 2 |
|---|---|
| Zero growth for French economy | Zero growth for French economy |
| (about 2 hours 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. | |
| The German economy grew 0.4%, up from 0.3% in the first quarter. Italy's economy grew 0.2%, slowing from 0.3% the previous quarter. | |
| Gross domestic product and inflation figures for the whole of 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. | 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. | 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. |
| Exports also grew strongly in Germany, helped by the weaker euro. | 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. | 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. | 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. |