Bank of France has suggested, that Eurozones second economy is going to expand during Q2, as the major indicator, evaluating the business confidence in the countrys industrial segment has improved. The central banks forecast envisions that Frances economy is going to expand by 0.1%.
The business confidence in industry has increased up to 94 points in April from 93 points in March. As far as the segment of services is concerned, the business confidence has retained its positions at 88 points in April, as the value was identical a month ago. Expectations point that prices will continue to crumble, while french business expect the economic activity to shrink at an insignificant rate in May.
Meanwhile a survey, conducted by the Fitch rating agency, has shown, that investors lie still in wait for worse economic conditions, result of the debt crisis in the region, to take place and the major concerns again encompass the subtle economic growth. The survey also concludes that 86% of the investors asked, think, that an eventual continuous recession is a great threat to European credit market.
The euro traded in the range 1.2940 – 1.3052 today.
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