14 February 2001, 11:40 French Q1 GDP growth seen at 0.7 pct - BoF survey
PARIS (AFX) - A Bank of France survey of business leaders points to
French GDP growth of 0.7 pct in the first quarter, the bank said.
French industrial production recovered in January, according to the
survey.
Overall demand improved, with the domestic market benefitting from
firm household consumption. The survey said foreign demand was also
stronger in January, especially in Asian and European markets.
Economic activity is expected to continue to grow across all
sectors in the months ahead.
Inventories were considered at acceptable levels with the food
sector, in particular showing a recovery from previous declines. The
survey said consumer goods order books showed a slight surplus while
cars remained relatively weak.
Employment rose in industry, building and commercial services and
remained broadly stable elsewhere, the Bank of France said.
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