Bank of France in its monthly report said there are no signs of improvement in the economy's economic activities in the coming few months after a report released on Tuesday showed that business sentiment indicator for industry lingered at its lowest level in 3 months at 95 in March, while services sentiment also steadied at 93.

Although there is some progress in industrial activity, yet the fiscal dilemma in the euro area along with the high unemployment makes growth outlook anemic.

After recording 0.2% expansion in the fourth quarter, the euro area's second-biggest economy probably posted no growth in the first quarter, which was also anticipated by INSEE last month.