India, May 28 -- The French economy recovered in the first quarter, as initially estimated, the statistical office INSEE reported Wednesday.
Gross domestic product grew 0.1 percent from the fourth quarter, when the economy shrank 0.1 percent. The rate matched the estimate published on April 30.
On the expenditure side of GDP, household consumption declined 0.2 percent, which was pulled down in particular by the drop in spending on transport equipment. Meanwhile, government spending grew 0.2 percent.
At the same time, gross fixed capital formation remained flat for the second straight time.
Foreign trade kept contributing negatively to GDP growth in the first quarter. Exports decreased sharply by 1.8 percent on weaker demand for transpor...