French economic growth slowed to 0.2% in the first quarter of this year from 0.7% in the previous three months, the country's national INSEE statistics agency said today, confirming its earlier estimate.

INSEE added that corporate margins dipped to 31.9% from 32% in the fourth quarter, while the household savings rate edged up to 22.9% from 22.4%. 

Earlier this week, INSEE forecast slower French economic growth for this year in the face of a stronger euro, higher oil prices and uncertainty about protectionism. 

French Finance Minister Bruno Le Maire said this week that he was sticking to an economic growth target of 1.8% for 2018 despite the wider slowdown in the euro zone.