French FinMin Le Maire: Economic growth in Q2 better than forecast
|French Finance Minister Bruno Le Maire said that the second-quarter economic performance was 'exceptional' after the economy expanded 0.9% QoQ in Q2 vs. 0.8% expectations.
Additional comments
“Q2 French economic growth better than forecast and marked an exceptional performance by the economy.”
“Q2 French economic performance puts France on track to meet its 6% growth target for whole of 2021.”
“Will give further economic aid to overseas territories such as Martinique and la reunion, which are going into new lockdowns to tackle covid.”
“France will increase its semi-conductor production capacities.”
“France will invest more in semiconductors and in hydrogen sectors.”
Market reaction
Upbeat French growth numbers have little to no impact on the euro, as EUR/USD continues to flirt with daily lows of 1.1875, down 0.07% on the day.
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