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Bank of France estimates Q2 French economic growth of around 0.1%
Published by Global Banking & Finance Review®
Posted on July 9, 2025
1 min readLast updated: January 23, 2026
Quick Summary
The Bank of France estimates a 0.1% growth in the French economy for Q2, with U.S. trade tariffs and heatwaves affecting various sectors.
Bank of France Projects 0.1% Growth for French Economy in Q2
PARIS (Reuters) -The French economy grew by around 0.1% in the second quarter, the Bank of France said in its monthly economic outlook on Wednesday, adding that uncertainty over U.S. trade tariffs continued to weigh on businesses.
The central bank's survey of about 8,500 companies showed a pick-up in business in the industrial and services sectors, although other areas such as the wine sector were more negatively impacted by the tariff uncertainty.
"Our estimates suggest a slight rise of around 0.1% in GDP in the second quarter," the Bank of France said.
Last month, Remy Cointreau abandoned its 2030 sales growth targets, while in April Pernod Ricard's sales missed forecasts, with both companies citing the unpredictability over tariffs as an issue.
The Bank of France said recent spells of extremely hot weather had also impacted the bar and restaurant sectors, as the heatwave discouraged people from going out.
Both the Bank of France and the country's INSEE national statistics agency have forecast overall growth of 0.6% for the whole of 2025.
(Reporting by Sudip Kar-Gupta; Editing by Makini Brice and Alison Williams)
Key Takeaways
- •Bank of France forecasts 0.1% GDP growth for Q2.
- •U.S. trade tariffs impact French businesses.
- •Industrial and services sectors see growth.
- •Wine sector affected by tariff uncertainty.
- •Heatwave impacts bar and restaurant sectors.
Frequently Asked Questions about Bank of France estimates Q2 French economic growth of around 0.1%
1What did the Bank of France estimate for Q2 GDP growth?
The Bank of France estimated a slight rise of around 0.1% in GDP for the second quarter.
2Which sectors showed improvement according to the Bank of France?
The central bank's survey indicated a pick-up in business in the industrial and services sectors.
3What external factors affected the French economy in Q2?
Uncertainty over U.S. trade tariffs and extremely hot weather impacted various sectors, including bars and restaurants.
4What is the overall growth forecast for France in 2025?
Both the Bank of France and INSEE have forecasted an overall growth of 0.6% for the whole of 2025.
5How did the wine sector perform in Q2?
The wine sector was negatively impacted by the uncertainty over trade tariffs, as noted by the Bank of France.
