Bank of France said today that according to the monthly index of business activity (MIBA), the country’s GDP is expected to grow 0.4% qoq in Q1 this year.
The business sentiment indicator in manufacturing dropped to 99 in January, down from 102. in December. Services indicator dropped to 100, down from 101. Construction indicator was unchanged at 105.
Also, BoF said for February, Business leaders expect industrial production to pick up, service sector activity to accelerate and construction sector activity to continue to grow.
