14 February 2001, 18:09  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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