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BoF Report Shows 0.4 Percent Growth but less than the INSEE Forecast


November, 12 2018
watermark Economic news

The economy of France is anticipated to rise by 0.4 percent in the fourth quarter, according to the Bank of France on Monday, where the figures show a steady growth.

In the previous month, the INSEE national statistics office anticipate growth  0.4 percent of the French economy in the September quarter, lower than the forecast of 0.5 percent growth.

Economists deem that the second largest economy needs to increase by 0.8 percent in the last quarter after achieving the 1.7 percent rate forecast by the government of Macron for the whole year.

Moreover, the industrial production demonstrated a sluggish growth in October based on the business climate survey on Monday. The primary reason is the automobile business amid updates in the new industry that affects car production.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.