Bank Of France Sees 0.1% GDP Contraction In Q3
2012-10-08 10:30:36
The French economy probably contracted 0.1 percent in the third quarter of 2012, after stagnating in the past three quarters, according to the latest survey published by Bank of France on Monday.
This is the central bank's third estimate and is unchanged from the previous forecasts.
The bank's monthly survey of industry and services also predicted that industrial activity may decline in October. In the services sector, the outlook for this month is slightly positive.
The business sentiment indicator for industry fell to 92 in September from 93 in August. The indicator for services remained steady at 91.