PARIS, Aug. 14 (Xinhua) -- Preliminary data released by statistics institute INSEE on Wednesday beat pessimistic growth outlooks and showed a 0.5-percent growth in GDP in the second quarter of this year.
In a previous forecast, the institute estimate Europe's second largest economy to grow by 0.2 percent.
The second quarter's performance, the strongest since the first three months of 2011, stemmed mainly from boosted consumer spending and improved manufacturing output which grew by 0.4 percent and 2 percent respectively.
Both exports and imports rebounded but foreign trade had no impact on the growth recovery, while investment lost momentum for the sixth quarter in a row after reporting a 0.5-percent fall over the period.
Finance Minister Pierre Moscovici welcomed the "very sharp rebound in growth" in the second quarter, saying it confirmed that the French economy had exited its recession.
"Both an improvement in the European economy and stronger domestic demand" contributed to the French economic recovery, the minister added.