Bank of France said in the monthly report that economic activity is running -7% below normal levels in July. That follows -13.8% contraction in the economy in Q2.

It also noted, in July, “industrial activity continued to recover, albeit at a more subdued pace compared to June”. “Services sector activity continued to expand, but at a slower rate than previous month”. “Construction sector activity continued to grow but decelerated.”

For August, business leaders expect industry to “grow moderately”, services to “remain almost stable”, construction to “tick upwards”.

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