• Bank of France still expects economic growth at 0.2% in Q4

Market news

9 December 2019

Bank of France still expects economic growth at 0.2% in Q4

Bank of France said that France's economic growth is expected to slow slightly in the fourth quarter.

The bank retained its GDP growth estimate for the final three months of 2019 at 0.2 percent, which is slower than the 0.3 percent expansion in the third quarter.

Survey data from the bank showed that the business confidence index for the manufacturing sector eased slightly to 97 from 98 in October. Manufacturers expect output growth to be weak in December. The confidence index for services edged up to 99 from 98 in October. Services firms expect activity to grow at a stronger rate in December. The sentiment indicator for the construction sector eased to 104 from 105 in October. Constructors expect the sector to grow at the same pace in December.

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