French firms’ confidence up

Tim Wallace
Follow Tim
FRENCH GDP growth should pick up this quarter as businesses are increasingly confident, the Bank of France said yesterday.

Its sentiment indicator among manufacturers rose from 97 to 98 this month, closing in on its long-term average level of 100. The services index stayed at 91.

The Bank of France expects economic growth to pick up to 0.4 per cent in the first quarter, from 0.1 per cent in the previous quarter.