Published by Global Banking & Finance Review®
Posted on July 9, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleThe Bank of France estimates a 0.1% growth in the French economy for Q2, with U.S. trade tariffs and heatwaves affecting various sectors.
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)
The Bank of France estimated a slight rise of around 0.1% in GDP for the second quarter.
The central bank's survey indicated a pick-up in business in the industrial and services sectors.
Uncertainty over U.S. trade tariffs and extremely hot weather impacted various sectors, including bars and restaurants.
Both the Bank of France and INSEE have forecasted an overall growth of 0.6% for the whole of 2025.
The wine sector was negatively impacted by the uncertainty over trade tariffs, as noted by the Bank of France.
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