PARIS: The Bank of France trimmed its first-quarter (Q1) economic growth forecast, based on monthly business activity indicators in March.
French gross domestic product will rise 0.3% on quarter in the first quarter of the year instead of 0.4% forecast in February, the central bank said.
The Bank of France said the revision isn’t significant enough to compromise full-year growth forecasts.
The Bank of France’s business sentiment indicator in industry fell to 103 in March from 104 in February. In services and construction the indicators were stable at 101 and 102 respectively.
