RTTNews - Tuesday, a survey conducted by the Bank of France showed that the French business sentiment index climbed to 81 in May, the highest since September 2008. Economists were expecting the index to rise to 77 in May from 75 last month.
The survey found that the services sector activity stopped contracting in May. After persistent declines in past several months, there was a slowdown in the fall in demand.
According to monthly index of business activity, the economy is expected to shrink 0.5% in the second quarter, revised upward by 0.1 percentage point.
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