France's GDP in Q2

France's GDP grew by 0.3% in Q2 2024, matching the previous quarter's growth, driven by a 0.5% increase in total production, despite a 0.4% decline in manufacturing output. Domestic demand contributed positively to GDP, adding 0.1 percentage points, largely due to a slight rebound in gross fixed capital formation. Foreign trade also played a significant role, adding 0.2 percentage points with stable imports and a 0.6% rise in exports, bolstered by the delivery of a cruise ship. Meanwhile, Hungary's economy showed robust growth with a 1.3% increase in GDP for Q2 2024, primarily driven by construction and real estate, though it faced a 0.2% decline compared to the previous quarter. Both countries' performances indicate differing economic trends, with France benefiting from exports and Hungary experiencing sector-specific growth drivers. The overall economic outlook for France remains cautiously optimistic, especially with upcoming events like the Olympic Games expected to boost activity.