{"id":4624,"date":"2016-09-15T11:57:42","date_gmt":"2016-09-15T11:57:42","guid":{"rendered":"https:\/\/oradeo.com\/?p=4624"},"modified":"2016-09-22T15:12:38","modified_gmt":"2016-09-22T15:12:38","slug":"france-sees-economic-growth-spurt-from-consumers-and-business","status":"publish","type":"post","link":"https:\/\/oradeo.com\/2016\/09\/15\/france-sees-economic-growth-spurt-from-consumers-and-business\/","title":{"rendered":"France sees economic growth spurt from consumers and business"},"content":{"rendered":"<h2><\/h2>\n<p><em>reuters.com<\/em>\u00a0&#8211;\u00a0<em>29\/04\/2016<\/em><br \/>\nFrench growth accelerated more than expected at the start of the year with the strongest increase in consumer spending since 2004 and a pick-up in business investment. The economy grew 0.5 percent in the first quarter, beating even the most optimistic forecast in a Reuters poll, as consumers splurged on clothes, cars and housing equipment, the INSEE national statistics agency said in a preliminary estimate of gross domestic product (GDP) on Friday. Consumer spending was up 1.2 percent over the three months, with higher spending on heating after a mild end to 2015, also offering a boost and offsetting the impact of a global slowdown that hurt exports.<\/p>\n<p>If consumers led the way in the quarter, however, economists particularly took heart in a 1.6 percent rise in business investment, the strongest increase in five years. Investment by companies in the manufacturing sector surged by 3.3 percent, the highest since the spring of 2006. &#8220;It&#8217;s very good news, it shows companies are back on the offensive,&#8221; said Alexandre Mirlicourtois at Xerfi. &#8220;It gives more solid grounds to the recovery, which is not only relying on consumption.&#8221; &#8220;The rise in fixed investment growth was particularly noteworthy,&#8221; Raphael Brun-Aguerre of JPMorgan agreed, adding that he expected decent gains in the coming quarters. .<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/us-eurozone-economy-france-idUSKCN0XQ0HP\"><strong>Read More<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>reuters.com\u00a0&#8211;\u00a029\/04\/2016 French growth accelerated more than expected at the start of the year with the strongest increase in consumer spending since 2004 and a pick-up in business investment. The economy&#8230;<\/p>\n","protected":false},"author":22,"featured_media":4995,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>France sees economic growth spurt from consumers and business | Oradeo<\/title>\n<meta name=\"description\" content=\"| France sees economic growth spurt from consumers and business\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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