French First Quarter GDP Revised Up To 0.6% Quarter-On-Quarter: INSEE
The French economy grew stronger-than-expected 0.6 percent in the first quarter after growing 0.4 percent the previous three months, the INSEE national statistics agency said on Monday.
A poll of 15 analysts surveyed by Reuters had forecast growth for the euro zone's second-largest economy to remain at the 0.5 percent INSEE had initially reported in its preliminary estimate.
Growth in the quarter to end-March was driven by a 1.0 percent surge in consumer spending and a 1.6 percent increase in investment, INSEE said.
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