French economy grows 0.4 percent in third quarter: official

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France's economy grew 0.4 percent in the third quarter of 2010, in line with government expectations, the official INSEE statistics office announced on Friday.

This was after growth of 0.7 percent registered in the second quarter, it said.

Household consumption grew by 0.6 percent in the third quarter from the previous 0.3 percent, but investment slowed to 0.5 percent from 0.9 percent, the office said.

After a rise of 0.2 percent in the first quarter, growth could reach 1.6 percent for the whole year, it said.

© 2010 AFP

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