French central bank raises 2017 growth estimate to 1.9 pct

By Kitco News / January 10, 2018 / www.kitco.com / Article Link

PARIS, Jan 10 (Reuters) - France's central bank is slightly raising its 2017 growth estimate due to stronger activity in the final quarter than previously thought, its head Francois Villeroy de Galhau said on Wednesday.

"We are going to revise up our fourth quarter growth forecast ... from 0.5 percent to 0.6 percent," Villeroy said in an interview with LCI television, citing in particular strong industrial activity in the central bank's monthly confidence survey due on Thursday.

"That means for the whole of the year ... we are expecting growth not of 1.8 percent as we had expected until now, but 1.9 percent ," he added.


(Reporting by Leigh Thomas and Myriam Rivet, Editing by William Maclean)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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