Bank of France maintains French Q2 GDP growth forecast at 0.5%
[PARIS] The Bank of France on Monday maintained its earlier estimate for second-quarter French gross domestic product (GDP) growth of 0.5 per cent, and forecast a pick up in the services and construction sectors for June.
The central bank's business climate survey for the manufacturing industry gave a reading of 105 points, stable compared to the April reading, which was revised up to 105 points as well for the highest level in six years.
Its business climate indicator for the services sector stood at 101 points in May, stable compared to the April level which was also revised up to 101 points.
The Bank of France added that business leaders expected the construction and services sectors to improve in June, although a slower pace of growth was expected for industrial production.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Magnitude 6.0 quake strikes Philippines, aftershocks and damage expected
Indonesia to permanently relocate 10,000 people after Ruang volcano eruptions
Bank Indonesia confident rupiah will strengthen until year-end
Hong Kong March retail sales down 7%, snapping 15 months of growth
UK public sector productivity goes from bad to worse, ONS data shows
Indonesia central bank says SRBI auction will be held twice a week to attract more inflow