(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details)
* FTSEurofirst index falls but posts weekly gain
* Faurecia leads automobile stocks lower
* Carrefour gains after sales update
* Greek shares also rise for first time this week
By Sudip Kar-Gupta
LONDON, April 15 (Reuters) - European shares fell on Friday with French car parts maker Faurecia leading automakers down, although a key regional index still ended the week with its best performance in two months.
The STOXX Europe 600 Automobiles and Parts index tumbled 1.7 percent, the top sectoral decliner, as Faurecia shares retreated 3.6 percent after the company said its quarterly sales in China had dropped.
The pan-European FTSEurofirst 300 index slid 0.3 percent, but still managed to advance an overall 3.5 percent this week to mark its best weekly performance since mid-February.
The FTSEurofirst had hit a one-month high earlier in the week. It remains down around 6 percent since the start of 2016, with concerns about a China-led economic slowdown having impacted world stock markets and commodity prices.
"Overall sentiment remains positive, however trading action is clearly pointing towards a slowdown in momentum," said Markus Huber, trader at City of London Markets.
"In light of stocks being overbought in the short term, markets taking a breather and entering a consolidation pattern would certainly be in order and actually by many considered as healthy and necessary. In order for traders to up their risk exposure further, more good news besides China will be needed."
Latest data showed China's economy grew 6.7 percent in the first quarter from a year earlier, meeting expectations and providing additional evidence that a slowdown in the world's second-largest economy may be bottoming out.
On the positive side, supermarket retailer Carrefour rose 3.8 percent after reporting higher sales in Spain, Italy and Brazil in the first quarter, offsetting a lacklustre performance in France.
Greek shares also rose for the first time this week, helped by a surge in Greek bank stocks.
The European Central Bank (ECB) decided to include European Financial Stability Facility (EFSF) notes in its list of eligible securities for purchasing under its so-called quantitative easing programme, and Greek banks could make gains on these assets.
Today's European research round-up
ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets for site in development). In a real-time, multimedia format from 0600 London time through the 1630 closing bell, it will include the best of our market reporting, Stocks Buzz service, Eikon graphics, Reuters pictures, eye-catching research and market zeitgeist. Breaking news and dramatic market moves will continue to be alerted to all clients and we will continue to provide a short opening story and comprehensive closing reports.
If you have any thoughts, suggestions or feedback on this, please email firstname.lastname@example.org.
Mike Dolan, Markets Editor EMEA. (Additional reporting by Atul Prakash; Editing by Mark Heinrich)