The research results published by the Bank of France showed that the country's economy probably expanded by a weaker pace in the second quarter. Gross domestic product is expected to have risen 0.2 percent in the 2nd quarter, which corresponds to the previous forecast.
In addition, data showed that business sentiment indicator in the manufacturing sector remained unchanged in June at 97 points. Business leaders said they expect a slight increase in activity in July. At the same time, the indicator of confidence in the services sector fell to 97 points from 98 points a month earlier. In construction the business confidence index remained unchanged - at the level of 97 points. Construction activity declined in June, but is forecast to improve slightly in July.
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