INSEE said France’s GDP rose 0.2% QoQ in Q2, reversing a 0.1% contraction in Q1
and matching forecasts. The rebound was driven by a pickup in domestic demand
and a rebound in exports, helping the eurozone’s second-largest economy avoid
recession. Germany, Italy and Spain are due to publish Q2 GDP on the same day.
Higher oil prices have pushed up inflation, squeezing household spending and
weighing on investment, though Europe has so far broadly coped with the impact
of the US‑Iran war.
