French business sentiment weakens further, GDP to fall 0.1% in Q2: BoF
2012-07-09 10:39:34
Business confidence in France weakened for the third consecutive month in June, data released by Bank of France showed Monday.
The business confidence index for the industrial sector dropped to 91 in June from 92 in May, which was down from April's reading of 94. Economists expected the index to remain unchanged in June. In March, the reading was 95.
French service providers were less upbeat about their businesses in June, with the corresponding indicator declining to 90 from 92 in the previous month.
The outlook component of the index showed that the gross domestic product (GDP) would fall by 0.1 percent in the second quarter. The forecast is in line with the earlier estimates, data showed.