The French central bank said in a review of business trends that it expects GDP growth in the third quarter of the year at 0.25%, slightly below the previous estimate published in September last year (0.35%).
He explained: “Initial figures indicate a slight increase in GDP in the current October.”
“This confirms the good resilience of economic activity in the third quarter of the year, which confirms our expectations for 2022” of 2.6 percent, Bank of France CEO Olivier Garnier said, noting that the French Central Bank also indicated that finished product prices recovered with the end of the summer season and in light of the uncertainty associated with the energy crisis that is affecting all industries.
The report also states that “29 percent of manufacturing executives said they raised selling prices in September. This percentage is especially high in the food, chemical, woodworking, paper and printing industries.”
Source: El Iktisad