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Spend, spend, spend

Investment is real star of strong French growth

Swaha Pattanaik 

Swaha Pattanaik If shopping were a patriotic duty, French consumers would deserve medals. The biggest quarterly rise in their spending in more than a decade helped the euro zone's second biggest economy grow by a surprisingly robust 0.5 percent in the first quarter. Even so, the real star may not be consumption, but another ingredient of GDP: investment. French household spending surged 1.2 per cent in the first three months of the year, the biggest quarter-on-quarter rise since the end of 2004, the national statistics office said on April 29. True, there was a bounce in energy consumption as ...

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First Published: Fri, April 29 2016. 21:20 IST