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French central bank lowers Q3 growth rate forecast

0 Comment(s)Print E-mail Xinhua, October 8, 2015
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France's central bank, Banque de France (BdF), on Thursday revised down growth rate forecast for the third quarter of the year to 0.2 percent.

BdF said in its monthly economic report that industrial businesses "remained flat or saw modest growth" with key auto manufacturing activity lost ground after it had risen over the last months.

In short term, local manufacturers expected dynamic industrial business in October.

Last month, services "accelerated markedly" thanks to buoyant activities in temporary work and consulting sectors. In the short term, the BdF saw further improvement in the sector.

For the whole year of 2015, French central bank forecast 1.2 percent growth of France's national output.

The growth rate of the eurozone's second largest power would stand at 1.8 percent next year and 1.9 percent in 2017, it added. Enditem

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