France Q1 preliminary GDP +0.2% vs +0.2% q/q expected

  • Latest data released by INSEE - 28 April 2023
  • Prior +0.1%; revised to 0.0%

This matches up with estimates and looking at the breakdown, the improvement largely came from foreign trade (+0.6%) and is offset by inventories (-0.3%) and domestic demand (-0.1%). That's not exactly what you want to see but policymakers and lawmakers will take the win where they can surely.

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