France Q2 final GDP +0.0% vs +0.2% q/q prelim

France's statistical agency, INSEE, has released the final Gross Domestic Product (GDP) figures for the second quarter, confirming that the country's economy stagnated and fell short of initial estimates. The final quarter-on-quarter GDP reading was revised down to +0.0%, weakening from the preliminary estimate of +0.2%. This flat growth trajectory follows a previous contraction of -0.2%, indicating that the eurozone's second-largest economy continues to grapple with economic sluggishness. On an annualized basis, French GDP expanded by +0.5% year-over-year, missing market expectations of a +0.7% rise and showing a marked deceleration from the previous reading of +0.9%. The disappointing revision underscores persistent softness in domestic economic activity, constrained household consumption, and subdued industrial momentum across key sectors. The weaker-than-anticipated GDP output poses downside risks for French equities tracked by the France 40 index. Furthermore, the deceleration in French economic growth adds to broader concerns regarding economic vitality across the euro area, potentially reinforcing expectations for further monetary policy support from the European Central Bank.