The French economy should continue to progress in the third quarter with the gross growth of the internal product (GDP) estimated at 0.3%, according to estimates of the France banking on Monday.
According to these anticipations and on the basis of other indicators, the growth of GDP in the third quarter should increase at a rate close to that observed in the anterior quarter ( +0.3%), after +0.1% in the first quarter, said the banque of France in its monthly conjunction survey.
In the second quarter, the increase would be significantly greater than the previous forecasts of the Banking of France (+0.1%). The commercial services sector has significantly drawn the activity, in particular the accommodation and commercial services services.
On the other hand, it has slowed into the manufacturing industry and has fallen even more in the energy sector.
Uncertainties in industry
For industry and construction, the activity has progressed at a higher rate than planned by business leaders in July, with the support of transport equipment and equipment.
This trend should continue in August according to the responses of some 8,500 companies or establishments interviewed that must be analyzed with “more caution due to the holidays,” says the banquera of France. In commercial services, the activity should evolve little with strong disparities depending on subsectors in August, we can read.
The monthly uncertainty indicator based on the analysis of companies’ responses continues to resort to the three sectors (industry, construction, service). In the building, it has reached its lowest level since the COVID-19 period.
However, it is still high in the industry, compared to services and construction, the consequence of a stronger exposure in this sector internationally, and in particular to uncertainties linked to new prices of US customs
With regard to supply difficulties informed by companies, they remain generally stable in July compared to the previous month (8% of companies mention them).
Source: BFM TV
