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08.08.2016 11:17

French GDP likely to increase by 0.3% in the 3rd quarter

The monthly report published by the Bank of France showed that the economy is likely to grow somewhat more rapidly in the third quarter.

Gross domestic product is expected to increase by 0.3 percent in the third quarter. Recall in the second quarter economic growth of France was flat.

In addition, data showed that the index of business confidence in the manufacturing sector rose slightly in July - up to 98 points against 97 points in June. Business leaders noted that industrial production is likely to remain stable in August. Meanwhile, the index of sentiment in the services sector registered 96 points compared with 97 points a month earlier. Representatives of the services sector said that the forecast indicates moderate growth of activity in August.

Business sentiment indicator for the construction segment remained unchanged in July - at the level of 97 points. Meanwhile, business leaders forecast a very slight fall in activity at the end of August.

08.08.2016 11:24

WSE: Mid session comment

Market Focus

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  • Eurozone: Consumer Confidence, January -4.9
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