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- Bank of France cuts its growth forecast for the fourth quarter
Bank of France cuts its growth forecast for the fourth quarter
The Bank of France cuts its growth forecast for the fourth quarter on Tuesday. The central bank expects the French economy to expand 0.3% in the fourth quarter, down from the previous estimate of a 0.4% growth.
The manufacturing business confidence index fell to 98 in November from 99 in October.
The services business sentiment index declined to 96 in November from 97 in October.
The construction business sentiment index remained unchanged at 96 in November.
The Bank of France noted that the terror attacks in Paris continued to weigh on the economy.
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