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Financial News: France GDP To Grow At Steady Pace In

France GDP To Grow At Steady Pace In Q3

09/11/2017 - 03:15:00 (RTTNews)

(RTTNews) - The French economy is expected to grow at a steady pace, as previously projected, in the third quarter, according to survey data published by Bank of France.

Gross domestic product is forecast to expand 0.5 percent in the third quarter, in line with the second estimate, and the same as in the second quarter.

The survey showed that industrial production expanded at a slightly less rapid pace than in July. The business confidence index in manufacturing fell to 104 in August from 105 in July.

Business leaders expect industrial production to log slightly lower growth in September.

Meanwhile, service sector activity continued to increase at a robust pace in August. The business sentiment indicator for services edged up to 100 in August from 99 in July.

Leaders expect service sector activity to accelerate in September.

Construction sector activity increased strongly, both in structural and finishing work. The business confidence index for construction improved to 103 from 102 in July.

Construction sector activity is expected to grow at a less rapid pace in September.

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