France GDP y/y comes in at 0.5% against 0.7% consensus

France’s Gross Domestic Product year over year was reported at 0.5% today, August 28, 2026, falling short of the market consensus of 0.7%. The actual figure also represented a decline from the previous reading of 0.7%. This outcome marked a -28.6% surprise relative to analyst expectations.

Following the release, EUR pairs showed limited immediate movement. EURAUD moved -4.9 pips within 5 minutes and -0.6 pips after 15 minutes. EURCAD saw a -2.3 pip move at 5 minutes, settling at 0.0 pips after 15 minutes. EURUSD moved -0.6 pips initially, then traded +0.9 pips higher after 15 minutes. These initial moves were generally small when compared to historical patterns for this release. For context, the median 1-hour move after past France GDP releases has been 9 pips for EURAUD, 7 pips for EURCAD, and 8 pips for EURUSD.