Bank of France downgrades its growth forecast for the second quarter
The Bank of France lowered its growth forecast for the second quarter on Wednesday. The central bank expects the French economy to expand 0.2% in the second quarter, down from the previous estimate of a 0.3% growth.
The manufacturing business confidence index rose to 97 in May from 99 in April.
The services business sentiment index increased to 98 in May from 96 in April.
The construction business sentiment index remained unchanged at 97 in May.