French economy contracts 0.1% in 3rd quarter as investment, exports fall
- GDP declines for 2nd time this year despite stronger household consumption, according to statistics agency INSEE
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- GDP declines for 2nd time this year despite stronger household consumption, according to statistics agency INSEE
By Seyma Erkul Dayanc
ISTANBUL (AA) - France's economy contracted 0.1% in the third quarter of 2026, following stagnation in the previous three months, the country's statistics agency INSEE said Friday.
The decline marked the second quarterly contraction this year, after gross domestic product (GDP) fell 0.2% in the first quarter.
Household consumption rose 0.4%, accelerating from 0.2% in the second quarter, while public consumption increased 0.3%.
Investment, however, fell 0.6%, following a 0.5% decline in the previous quarter.
Foreign trade also weighed on economic activity, with exports dropping 1.7% while imports remained largely unchanged.
Net foreign trade subtracted 0.6 percentage points from GDP growth.
Şeyma Erkul Dayanç