France’s GDP expected to grow by 0.4% in Q1 2016

The Banque de France has assessed France’s gross domestic product might rise by 0.4% during the first quarter of 2016.

The institution highlighted that industrial production and deliveries have sped up in January.

“The automobile, chemicals, electrical equipment and agri-food industries were particularly dynamic. Orders picked up, including from abroad. Prices declined further,” the Banque de France commented.

It said business leaders expect activity to grow at a slightly lower pace in February.

As for the service sector, the Banque de France observes a significant rise of the activity with temporary work sharply increasing.

However, the hotel and catering area still weakens.

A less marked increase is expected in service sector activity in February.

Lastly, the construction sector activity has improved slightly while prices declined and staff levels stabilised.

This area is to improve slightly in February, said the Banque de France.

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