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French central bank's GDP predictions still weak


French central bank's GDP predictions still weak


French economic growth continues to be weak.

The central bank in Paris has just released its latest estimate for the period from July to September.

It is calculating that gross domestic product was just 0.2 percent up on the previous quarter.

France, the eurozone’s second-biggest economy, posted zero growth in the first half of the year.

The central bank’s estimate was contained in its monthly business climate survey, which showed that a further fall in confidence in the industrial sector and no change in the confidence index for the services sector.

Last week, French statistics office INSEE predicted growth of 0.1 percent for both the third and fourth quarters.

with Reuters

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