Bank of France April Survey Sees 2Q GDP +0.3%

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The FINANCIAL — The French economy is expected to grow 0.3% in the second quarter, the Bank of France’s monthly business confidence survey showed on May 12, according to Nasdaq.

The survey by the central bank forecasts the eurozone’s second largest economy will expand 0.3% in the second quarter compared with the first quarter as business sentiment rose in manufacturing, service and construction.

In April, the Bank of France slightly raised its estimate for first-quarter economic growth, forecasting the French economy to grow 0.4% in the first quarter from a previous estimate of 0.3% growth.

The April survey showed that business sentiment in manufacturing rose to 98 from 97 in March, where 100 is the long- term average. In services, sentiment rose to 95 from 94 in March and in construction to 92 from 91 a month earlier.

 

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