Advert

Bank of France estimates French GDP growth of 0.5%

Detail of the facade of the Bank of France headquarters in Paris. Photo: Reuters

Detail of the facade of the Bank of France headquarters in Paris. Photo: Reuters

The Bank of France yesterday maintained its forecast for French quarterly gross domestic product (GDP) growth of 0.5 per cent in the third quarter, unchanged from the second quarter.

The prediction was part of the central bank’s August business climate survey.

The survey showed that the business sentiment indicator for the manufacturing industry dipped to 104 points in August from 105 points in July, although sentiment in the services industry rose to 100 points last month from 99 points in July.

The business sentiment indicator for the construction industry also rose to 103 points in August from 102 in July.

In June, national statistics agency INSEE forecast economic growth in France this year of 1.6 per cent, the strongest since 2011, as foreign trade proves less of a drag and the unemployment rate falls.

Advert

See our Comments Policy Comments are submitted under the express understanding and condition that the editor may, and is authorised to, disclose any/all of the above personal information to any person or entity requesting the information for the purposes of legal action on grounds that such person or entity is aggrieved by any comment so submitted. Please allow some time for your comment to be moderated.

Comments not loading? We recommend using Google Chrome or Mozilla Firefox with javascript turned on.
Comments powered by Disqus  
Advert
Advert