The French economy grew 0.3% qoq in Q2 2025, in line with preliminary estimates, picking up from 0.1% in Q1 and marking the strongest pace since Q3 2024.
Final domestic demand contributed modestly, as household consumption was flat following a 0.3% decline in the prior period, with a sharp downturn in energy spending being offset by a rebound in spending on food and accommodation services.
At the same time, government spending rose 0.4%, up from 0.2%, while fixed investment declined 0.1% for the second straight quarter, weighed down by continued weakness in construction and a pullback in transport equipment.
Inventories added 0.5 percentage points to GDP, contributing positively to the second straight period.
By contrast, net trade dragged on growth: exports rebounded 0.5% (vs -1.2% in Q1), helped by firms front-loading shipments to the US ahead of new tariffs.
Imports jumped 1.3% (vs 0.4%) on a surge in refining activity.
Year-on-year, GDP rose 0.8%, faster than Q1’s 0.6% expansion.