Homepage |
首页 新闻动态 法律服务 数据服务 项目服务 投资环境 投资服务机构 经济开发区
Macro-Economy | Business Economy | Industrial Economy | Regional Economy

Home >News >Full article
French central bank lowers growth forecast for Q1
2016/3/10 15:58:01 Source:Xinhua

PARIS, March 9 (Xinhua) -- France's central bank, Banque de France (BdF), on Wednesday lowered its economic growth forecast for the first quarter of 2016 to 0.3 percent from a previous estimate of 0.4 percent.

The bank's monthly survey showed slowing industrial output that drove down production in the pharmaceutical and machinery sectors.

In February, orders declined, particularly those from outside France and prices were down, especially in commodities, the BdF noted.

For the third consecutive month, capacity utilization was stable at 78.2 percent last month, it added.

Based on the sentiments of business leaders, the French central bank expected industry output to increase in March.

The bank survey also showed dynamic information and communication sectors as well as the recovery of accommodation and food services which were hit hard by the terrorist attacks in the French capital at the end of 2015.

For its outlook, business leaders forecast a further rise in the sector's performance in the short term, the bank added.

Struggling to defend his economic credibility, French President Francois Hollande wants to accelerate growth by 1.5 percent and lower the budget deficit to 3.3 percent of the country's national output this year. He plans to do this through his economic reforms, improving competitiveness while pumping more funds into state-aided job creation.

Print Collection Close
 Related News More>>
 Site Map | About Us | Services | Links | Statement

Ministry of Commerce of the People's Republic of China Department of Foreign Investment Administration

Operated by Investment Promotion Agency of MOFCOM

Tel:  (86-10) 64404554

Copyright by Invest in China

Fax: (86-10) 64515317

ICP Record No.: Beijing ICP 06041048-4 E-mail: service@fdi.gov.cn