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MNI: FRANCE DATA: Bank of France (BoF) Business......>

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MNI: FRANCE DATA: Bank of France (BoF) Business Survey (Mar 2019) Preview -
07:30 BST
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- Manufacturing Sentiment Indicator (MSI): Bbg Consensus: 101; Prev (Feb): 101
- Services Sentiment Indicator (SSI): Prev (Feb): 101
- Construction Sentiment Indicator (CSI): Prev (Feb): 105
- Business sentiment in manufacturing picked up to 101 in Feb from 99 in Jan...
- ...supported by an improved assessment of production and order books...
- ... but the drop below 50 in France's Mar manufacturing PMI suggests a decline
may now be on the cards
- The SSI and CSI held steady at 101 and 105 respectively in Feb...
- ...but their resilience may be tested given that both the services and
construction PMIs also dipped below 50 in Mar
- The BoF lowered its Q1 GDP forecast by 0.1pp to 0.3% q/q with the release of
the Feb survey...
- ... and thus expects the economy to grow at the same pace as in Q4

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