According Bank of France business survey results, the economy could be expanding by 0.3% in Q2.
The survey noted that:
- In the manufacturing industry, the business sentiment indicator stood at 99 in April, after 100 in March. Industrial production slowed down in April but business leaders expect it to pick up in May.
- In services, the business sentiment indicator stood at 100 in April, after 101 in March. Service sector improved moderately and growth is expected to continue in May.
- In construction, the business sentiment indicator stood at 105 in April, after 106 in March. Construction activity decelerated but improvement is expected.
