Bank of France upgrades its growth forecast for the first quarter

Market news

8 April 2016

Bank of France upgrades its growth forecast for the first quarter

The Bank of France raised its growth forecast for the first quarter on Friday. The central bank expects the French economy to expand 0.4% in the first quarter, up from the previous estimate of a 0.3% growth. The upward revision was driven by a more favourable assessment of the manufacturing sector.

The manufacturing business confidence index rose to 99 in March from 98 in February.

The services business sentiment index remained unchanged at 96 in March.

The construction business sentiment index remained unchanged at 96 in March.

Oil prices jumped nearly 6 percent

Gold prices rebounded to the level of opening of the session

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