2025年第二季度，法国经济季度环比增长0.3%，与初步估计一致，从第一季度的0.1%回升，是三个季度以来最强劲的增长。最终国内需求贡献不大，家庭消费在此前下降0.3%后停滞不前。能源支出的急剧下降被食品和住宿服务的反弹所抵消。与此同时，政府支出增长0.4%，增速高于0.2%。库存为GDP增加了0.5个百分点，连续第二个时期做出积极贡献。与此同时，由于建筑业持续疲软和运输设备回落，第二季度固定投资萎缩0.1%。与此同时，净贸易拖累增长0.3个百分点，出口反弹（第一季度为0.5%对-1.2%），这得益于企业在新关税之前提前向美国发货。与此同时，由于炼油活动激增，进口大幅增长（1.3%对0.4%）。国内生产总值同比增长0.8%，快于第一季度0.6%的增长。

The French economy grew 0.3% qoq in Q2 2025, in line with preliminary estimates, picking up from 0.1% in Q1 and marking the strongest pace in three quarters. Final domestic demand made a modest contribution, with household consumption stagnating after a 0.3% drop previously. A sharp decline in energy spending was offset by a rebound in food and accommodation services. At the same time, government spending rose 0.4%, quickening from a 0.2% gain. Inventories added 0.5ppts to GDP, contributing positively for the second straight period. Meanwhile, fixed investment shrank 0.1% for the second quarter, weighed down by continued weakness in construction and a pullback in transport equipment. Simultaneously, net trade dragged 0.3ppts on growth, as exports rebounded (0.5% vs -1.2% in Q1), helped by firms front-loading shipments to the US ahead of new tariffs. Meantime, imports jumped (1.3% vs 0.4%) on a surge in refining activity. Year-on-year, GDP rose 0.8%, faster than Q1’s 0.6% growth.