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2mo ago

France Surprises With 0.5% Q3 Growth as Spain Stays Strong and Germany Stalls

Fresh data underscore a widening growth gap inside the eurozone.

Le ministre de l'Economie et des finances, à Paris, le 28 août 2025.
L’Insee dévoilé une hausse de 0,5% du produit intérieur brut (PIB) de la France entre juillet et septembre par rapport aux trois mois précédents.
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L'incertitude politique et la situation dégradée de ses finances publiques a déjà valu à la France de voir sa note souveraine abaissée par les agences de notation S&P et Fitch, tandis que Moody's l'a placée sous perspective négative

Overview

  • Insee’s provisional estimate shows French GDP up 0.5% quarter on quarter in Q3, beating its 0.3% forecast as exports—especially aeronautics—led the rebound and investment improved.
  • Spain’s statistics agency INE reports 0.6% quarterly growth in Q3, keeping the country on track for the government’s 2.7% 2025 goal, supported by domestic demand, business investment and tourism.
  • Germany’s economy was unchanged in Q3 after a revised 0.2% contraction in Q2, Destatis said, with weaker exports countering a pickup in equipment investment.
  • France’s stronger quarter lifts its growth carryover to 0.8% by end‑September, suggesting it could exceed the government’s 0.7% full‑year projection if momentum holds.
  • Across the bloc, eurozone GDP grew about 0.2% in Q3, while Spain’s unemployment stood near 10.45% and its September inflation measured 3% year on year.