France: 0.3% growth expected in Q2 (Bank of … – Romandie.com

France: 0.3% growth expected in Q2 (Banque de France)

Paris (awp / afp) – The Bank of France announced Tuesday an increase of 0.3% in the second quarter 2015, in a first estimate of the change in gross domestic product (GDP).

“increase in production is expected to continue in May,” after April in which “industrial production and shipments so greater “continued to grow, according to a survey of business leaders which also provide an increase in May in the service sector. In contrast, in the building sector a “slight decrease in activity” is scheduled for May, after a month of April “stable”, says the Bank of France (BoF).

In April in the industrial production sector, “transport equipment and pharmaceuticals are particularly dynamic while growth in the food and electrical equipment continues,” the BoF. “Foreign orders increased. The level notebooks recovers. The numbers are stable. Treasuries remain wide,” she said.

In services, activity accelerated in April “thanks to the boom of IT services.” “Temporary work and advice continued to grow. The workforce grew. The prices keep falling. The cash resources are considered wealthy,” said BdF.

The building activity is considered “generally stable” in April. “The second work is progressing while the structural work back again. The opinion on notebooks continues to improve, declining enrollment. The estimate of the contract price,” the BoF.

L INSEE is to publish on Wednesday its first estimate of growth in the first quarter. The Bank of France announced a figure of 0.4%.

The government expects GDP growth of at least 1% this year, after just 0.4% in 2014.

afp / al

(AWP / 05.12.2015 9:46)

(AWP / 05.12.2015 9:46) ->