French Economy Stagnates as Consumer Spending Barely Grows

France’s economy stagnated in the second quarter as European Central Bank stimulus and lower oil prices failed to revive investment and consumer spending.

Gross domestic product was unchanged after increasing a revised 0.7 percent in the previous three months, the country’s statistics office in Paris said Friday. Economists had forecast a 0.2 percent gain, according to a Bloomberg survey. The euro-area economy probably grew 0.4 percent, economists said before a separate report due later. The first quarter’s growth in France had initially been reported as 0.6 percent.