Small font size A Larger text size A Largest text size A

French economy expanded 0.4% in Q3, INSEE says

BY Reuters | ECONOMIC | 10/30/24 02:35 AM EDT

PARIS, Oct 30 (Reuters) - French economic growth beat estimates by accelerating by 0.4% in the third quarter 2024 from 0.2% in the second quarter because of impact of the Paris Olympic Games, preliminary data from statistics agency INSEE showed on Wednesday.

Economists polled by Reuters had an average forecast of 0.3% for third quarter gross domestic product (GDP) growth.

An influx of tourists attending the Paris Olympics boosted consumer spending in the euro zone's second-biggest economy, which grew 0.5% in the third quarter after a flat performance in the second quarter.

(Reporting by Dominique Vidalon; Editing by Christian Schmollinger)

More Fixed Income News

German exports, industrial production rise more than expected BY Reuters |ECONOMIC 02:19 AM EST
German industrial output rises more than expected in November BY Reuters |ECONOMIC 02:04 AM EST
Swiss central bank sees 2024 profit at record $88 billion as gold, stock prices jump BY Reuters |ECONOMIC 02:03 AM EST
COLUMN-Fed can soothe Trump or Treasuries, not both: Mike Dolan BY Reuters |ECONOMIC 02:00 AM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article