France Q2 GDP qq final -0.1% vs 0.0% exp

Final France Q2 GDP report 23 Sept

• 0.0% flash
• yy 1.3% vs +1.4% exp/flash

Softer final reading and first French GDP contraction since Q1 2013 but Euro not fazed right now.

Stats office INSEE say the slowdown was driven by a sharp decline in inventories which shaved 0.7% off the total while trade added 0.6%. Household spending down -0.1%.