French economy shows higher degree of recovery than was expected

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French economy shows higher degree of recovery than was expected

October 08, 2018 - 15:58
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French economy may show higher degree of recovery than was expected before, as central bank revises growth estimates in the third quarter, Bloomberg reports.

Paris, France | © mguzmas, CC0 1.0

French economy may show higher degree of recovery than was expected before, as central bank revises growth estimates in the third quarter, Bloomberg reports.

Gross Domestic Product will probably grew by 0,5% in the last three months. It is two times higher than in previous periods. Improvement is noticeable in manufacturing, services and construction.

This information is a good news for the leaders of the country amid uncertainty over results of economical activities in last months of this years as well as after row of summer problems and scandals in France.

According to Bank of France's evaluation, industrial production grew in September with stable pace, besides, business leaders expect the same pace in October and also higher speed of growth for service sector.