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Quotes from Credit Agricole CIB:
-We expect to see the business climate in manufacturingindustry published by INSEE at 101, after 100 in March. While thebalance of opinion on past change in production should remain stable, at itslong-term average, the personal production expectation should improveagain. This modest improvement in business climate is consistent with ourscenario.
-The activity profile in France should remain modest in Q214, with aprogression in GDP of 0.3%, after 0.1% in Q114. If energy productionrebounds in Q214 after a contraction in Q1, investment is likely to be heldback by the absence of any upturn in construction. Furthermore, privateconsumption should remain under pressure from the high unemploymentrate.