While the French economy grew above expectations, a recession was observed in inflation. While rising interest rates fueled recession fears in the Euro Zone, which consists of 20 countries, data from France were interpreted as a positive surprise.
France grew 0.5 percent in the second quarter.
In the Bloomberg survey, expectations were for 0.1 percent growth.
On the other hand, consumer prices increased by 5 percent in July compared to a year ago. This figure was the lowest since the Russian invasion of Ukraine. The result came in slightly below analyst expectations.
The figures come after European Central Bank President Christine Lagarde painted a worsening picture for the Eurozone in the coming months and private sector activity in July signaled contraction.
Germany, the Eurozone’s largest economy, is seen as the biggest weak spot.
Data to be released on Monday will show whether the country has come out of a winter recession. Although economists surveyed by Bloomberg predicted that production will be higher in the second quarter, the IMF thinks that Germany has experienced the only contraction among the G7 countries this year.