French Growth Revised Up on Strong Investment; Confidence JumpsBy
France’s economy grew more than originally estimated at the start of the year as corporate investment surged, the latest signs that President Emmanuel Macron has taken power at a time of recovery.
Gross domestic product expanded 0.4 percent in the first quarter instead of the 0.3 percent reading published at the end of April, national statistics office Insee said on Tuesday.
Reports since the end of the quarter show the economy continues to have momentum. The country’s composite Purchasing Managers’ Index is at its highest level in six years and consumer confidence index has risen to the strongest level since 2007, when Nicolas Sarkozy became president.