The Bank of France said that the French economy is expected to maintain its growth momentum this quarter, supported by growth in key industries and cooling inflation. The Bank of France on Tuesday quoted a monthly business survey as saying that GDP is expected to grow by 0.2% in the third quarter. This will be the same as the previous quarter and slightly higher than the 0.1% expected by Bloomberg survey analysts. The Bank of France said that economic activity will continue to be driven by the service sector, including transportation, information and communication, while the manufacturing industry rebounded in August. Looking ahead, the energy sector is expected to expand, but construction is likely to decline further due to reduced public contracts. Meanwhile, the Bank of France warned that the economy is still facing “major uncertainties” due to “the geopolitical situation in the Middle East and weather conditions until late summer, when a new heatwave may still occur.”

The Bank of France said that the French economy is expected to maintain its growth momentum this quarter, supported by growth in key industries and cooling inflation. The Bank of France on Tuesday quoted a monthly business survey as saying that GDP is expected to grow by 0.2% in the third quarter. This will be the same as the previous quarter and slightly higher than the 0.1% expected by Bloomberg survey analysts. The Bank of France said that economic activity will continue to be driven by the service sector, including transportation, information and communication, while the manufacturing industry rebounded in August. Looking ahead, the energy sector is expected to expand, but construction is likely to decline further due to reduced public contracts. Meanwhile, the Bank of France warned that the economy is still facing “major uncertainties” due to “the geopolitical situation in the Middle East and weather conditions until late summer, when a new heatwave may still occur.”