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10.05.2016 16:46

Bank of France expects the country’s economy to expand at 0.3% in the second quarter

The Bank of France released its gross domestic product (GDP) forecasts for France on Tuesday. French economy is expected to expand at 0.3% in the second quarter, after a 0.5% growth in the first quarter.

The manufacturing business confidence index remained unchanged at 99 in April. Companies expect a growth in activity to accelerate in May.

The services business sentiment index remained unchanged at 96 in April. But services companies expect a rise in activity in May.

The construction business sentiment index increased to 97 in April from 96 in March. Companies expect an increase in activity in May.

Market focus

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  • Eurozone Composite PMI fell from 52.7 in November to 51.3 in December, its lowest since November 2014
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