Monday, May 9, 2011

The Bank of France predicts growth of GDP at 0.5% / k in the 2 nd quarter

Gross domestic product of France in the 2 nd quarter will grow by 0,5% compared with the 1 st quarter. This is stated in the released Monday monthly report of the Bank of France, dedicated to the industrial sector and service industries.
GDP growth will be lower as compared with an increase in the 1 st quarter, which, according to Bank of France amounted to 0,7%.
According to the Bank of France, the light industrial areas in April fell to 107 compared with 110 in March.
Indicator of service sector in April fell slightly, to 102 against 103 in March.
Prospects of service speak for "strong growth of activity, " said the central bank.

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