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Financial News: France Q3 GDP Growth Seen At 0.4%: BoF

France Q3 GDP Growth Seen At 0.4%: BoF

09/10/2018 - 03:26:00 (RTTNews)

(RTTNews) - France's economy is forecast to grow as previously estimated in the third quarter, a monthly Bank of France survey revealed Monday.

According to the monthly index of business activity, gross domestic product is set to expand 0.4 percent in the third quarter, unchanged from the previous estimate.

The manufacturing sentiment index rose to 103 in August from 101 in July. The survey showed that industrial production grew sharply in August.

Nonetheless, business leaders expect only moderate growth in industrial activity in September.

The confidence index in services held steady at 102 in August. Service sector activity remained strong and it is expected to grow at the same pace in September.

Meanwhile, the business sentiment indicator in construction fell to 103 from 104 in July. In September, construction sector activity is forecast to rise overall at the same rate as in August.

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