France’s economy eked out meagre growth in the third quarter as household spending stagnated and a sharp jump in inflation in October signalled headwinds looming in the final quarter of the year.
France’s economy grew 0.2% in the July-September period, in line with market expectations, preliminary data from the INSEE official statistics agency showed.
Stubbornly high inflation, export weakness and risks to energy supply will weigh on the euro zone’s second largest economy in the months ahead, analysts said, just as the European Central Bank jacks up rates to tame price rises.
