The Bank of France reported that the country’s economy strengthened in the second quarter, with activity increasing in June across industry and rebounding in services and construction. This growth occurred despite a record heatwave late in the month, which led to changes in working hours to avoid the hottest parts of the day.

Economic Growth Details

The euro zone’s second-biggest economy likely grew 0.2% in the second quarter, after contracting 0.1% in the previous three months. The upgrade was based mainly on services, including stronger consumer services, information and communication, hospitality, and transport. Manufacturing was also a source of support, but construction was expected to decline again over the quarter.

Companies cited international tensions and input costs as concerns, although supply chain difficulties and pressure from raw material and energy prices have eased compared with peaks earlier this year. Business leaders expect activity to continue growing in July versus June, albeit at a more moderate pace in industry and services and only slightly in construction.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.