French FinMin Le Maire: Economic growth in Q2 better than forecast

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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