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France’s economy grows by 0.5% over the second quarter

Better than expected figure belies continued weakness in consumer spending

France’s economy expanded by 0.5 per cent in the three months to June, outstripping analysts’ expectations thanks to growth in exports and a boost from tourism.

Economists polled by Reuters had, on average, expected France’s quarter-on-quarter growth to nudge up just 0.2 per cent in the second quarter, after it contracted at the beginning of the year.

But the figures, published ahead of data for the eurozone as a whole later on Friday, have raised concerns among economists after showing that domestic demand remained flat.

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