24.04.201403:55:00UTC+00French Business Climate in Manufacturing Industry Likely to Improve Slightly in April

Quotes from Credit Agricole CIB:

-We expect to see the business climate in manufacturing�industry published by INSEE at 101, after 100 in March. While the�balance of opinion on past change in production should remain stable, at its�long-term average, the personal production expectation should improve�again. This modest improvement in business climate is consistent with our�scenario.

-The activity profile in France should remain modest in Q214, with a�progression in GDP of 0.3%, after 0.1% in Q114. If energy production�rebounds in Q214 after a contraction in Q1, investment is likely to be held�back by the absence of any upturn in construction. Furthermore, private�consumption should remain under pressure from the high unemployment�rate.