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French economy stood still in Q3

The French economy stalled in the third quarter compared with the second, according to figures from the INSEE statistics office.

The zero growth compared with a quarterly growth rate of 0.6% in the second quarter. The third quarter reading - the third estimate for French gross domestic product - fell short of most analysts' forecasts for a rise of 0.1%.

A breakdown of the data showed that household spending fell 0.2% in the third quarter compared with growth of 0.4% in the previous quarter. Business investment slumped 1.1%, exports grew 0.8% and imports increased 2.5%.