Bank of France raised its forecast for GDP for Q4 2014

Bank of FranceThe Bank of France revises earlier today its forecast for the gross domestic product (GDP) for the fourth quarter and trust among business has seen an unexpected increase in November. According to the monthly business survey published by the Bank of France, the economy will expand by 0.5% in the last three months of this year, compared to 0.4% in the previous forecast. The indicator of the business confidence in the manufacturing sector rose to 101 points in November from 100 in October.
The analysts had expected the index to fall to 98 points. The confidence in the service sector, however, has fallen to 92 from 93 points in October.

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