RTTNews - Monday, the Bank of France said its industrial and services confidence indicators rose in July.
The business sentiment indicator for industries climbed to 87 in July from 84 in June, the fifth straight month of increase.
The central bank said industrial activity remained stable in July, following the decline recorded in June. Moreover, output in the automotive and consumer goods sectors increased.
The capacity utilization rate remained at a level deemed low, comparable to that of previous months. Order books rose moderately thanks to stronger domestic demand, but remained well below acceptable levels.
Inventories of final goods, already above normal levels in June, tended to increase slightly. According to forecasts, industrial activity is expected to post a very slight rise thanks to the positive outlook in the automotive, consumer goods and agri-food sectors, the central bank said.
Further, the business sentiment indicator for the services sector stood at 81 in July, up from 78 in June. After declining for several months, services activity stabilized in July, the central bank said.
Demand for services edged up slightly, while prices continued to fall and staff levels decreased at a substantially slower pace. The outlook points to a slight overall improvement.
The Bank of France said its monthly index of business activity suggests that GDP is expected to remain unchanged in the third quarter.
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