French Economy to Sustain Firm Growth in 4Q -Survey

The French economy will grow 0.5% on quarter in the final quarter of the year, sustaining the firm pace recorded throughout 2017, a survey by the Bank of France showed Monday.

The Bank of France’s monthly survey is the latest indicator of a broad economic rebound in France and rising optimism among the country’s business leaders.

The central bank’s November survey of business activity showed industrial production continued to rise and should “expand at a sustained pace in December.” The services sector accelerated and activity in construction rose sharply in November, although both sectors are set to expand at a slower pace in December, the Bank of France said.

The Bank of France’s sentiment indicators across all sectors were unchanged in November from October at levels above long-term averages.
Source: Dow Jones

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