European Economic News

France GDP To Grow 0.3%; Business Confidence Improves: BoF

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The French economy is forecast to expand 0.3 percent in the fourth quarter, unrevised from the previous estimate, the Bank of France said Tuesday.

The business confidence index rose slightly to 99 in December, while it was forecast to remain unchanged at 98.

Industrial production increased in December. According to business managers, production will increase again in January.

At the same time, the confidence indicator for the service sector held steady at 96 in December. Business leaders expect activity to improve in January.

Similarly, in construction, the sentiment index remained unchanged at 96 but construction activity is forecast to rise only slightly at the start of 2016.

by RTTNews Staff Writer

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