AGL 40.15 Increased By ▲ 0.15 (0.38%)
AIRLINK 130.25 Increased By ▲ 0.72 (0.56%)
BOP 6.81 Increased By ▲ 0.13 (1.95%)
CNERGY 4.63 No Change ▼ 0.00 (0%)
DCL 9.00 Increased By ▲ 0.06 (0.67%)
DFML 43.75 Increased By ▲ 2.06 (4.94%)
DGKC 84.19 Increased By ▲ 0.42 (0.5%)
FCCL 33.02 Increased By ▲ 0.25 (0.76%)
FFBL 78.30 Increased By ▲ 2.83 (3.75%)
FFL 11.83 Increased By ▲ 0.36 (3.14%)
HUBC 110.80 Increased By ▲ 0.25 (0.23%)
HUMNL 14.61 Increased By ▲ 0.05 (0.34%)
KEL 5.70 Increased By ▲ 0.31 (5.75%)
KOSM 8.30 Decreased By ▼ -0.10 (-1.19%)
MLCF 39.73 Decreased By ▼ -0.06 (-0.15%)
NBP 60.85 Increased By ▲ 0.56 (0.93%)
OGDC 200.44 Increased By ▲ 0.78 (0.39%)
PAEL 26.79 Increased By ▲ 0.14 (0.53%)
PIBTL 7.80 Increased By ▲ 0.14 (1.83%)
PPL 161.00 Increased By ▲ 3.08 (1.95%)
PRL 26.96 Increased By ▲ 0.23 (0.86%)
PTC 18.84 Increased By ▲ 0.38 (2.06%)
SEARL 83.95 Increased By ▲ 1.51 (1.83%)
TELE 8.20 Decreased By ▼ -0.11 (-1.32%)
TOMCL 34.50 Decreased By ▼ -0.01 (-0.03%)
TPLP 9.14 Increased By ▲ 0.08 (0.88%)
TREET 17.12 Decreased By ▼ -0.35 (-2%)
TRG 59.80 Decreased By ▼ -1.52 (-2.48%)
UNITY 27.88 Increased By ▲ 0.45 (1.64%)
WTL 1.43 Increased By ▲ 0.05 (3.62%)
BR100 10,544 Increased By 137 (1.32%)
BR30 31,957 Increased By 243.3 (0.77%)
KSE100 98,476 Increased By 1147.8 (1.18%)
KSE30 30,636 Increased By 443.2 (1.47%)

French economic growth is expected to quicken to 0.4 percent in the third quarter, the Bank of France said in a second reading on Monday, as a business survey by the central bank showed a pick-up in business sentiment in the manufacturing sector in August.
Official data shows the euro zone's second-largest economy grew 0.2 percent in the second quarter with growth for 2018 now seen at a slower-than-expected 1.7 percent. That has put pressure on government plans to rein in the budget deficit.
"Growth is solid. We can do a lot better so we need to step things up," Finance Minister Bruno Le Maire told France Inter radio.
Le Maire reiterated that the deficit would be about 2.6 percent of national income this year and below the European Union's cap of 3 percent next year. President Emmanuel Macron has sold his pro-business reforms on promises that they will boost growth and jobs, but voters are growing increasingly impatient as unemployment stays stubbornly high and economic growth appears less robust than hoped.
Industrial production bounced in August, with auto manufacturers registering significant but one-off flows, helping push the business sentiment indicator higher to 103 points, up two points from July, the Bank of France's survey showed.
But the central bank indicated manufacturing growth in September would be tepid.
"Business leaders expect only moderate growth in industrial activity in September," the survey said. The sentiment reading for the services sector was unchanged at 102 points, according to the survey.

Copyright Reuters, 2018

Comments

Comments are closed.