The Bank of France expects a slowdown of economic growth in the III quarter

The Bank of France expects a slowdown of economic growth in the III quarterBanque de France (central bank of the country) predicts that in the III quarter of 2013 will be recorded minimal growth of the national economy, as trade data suggest that weak domestic demand is still holding back the second largest economy in the eurozone. 
According to the first estimate, the central bank expects economic growth in the July-September period will 0.1% on quarterly basis, according to Reuters.

Earlier, the regulator had predicted that in the II quarter, the economy will grow by 0.2%, which would mean the end of a short recession, if it is confirmed by the statistical agency next Wednesday.

The III quarter’s estimate is based on a monthly survey of the business climate, which showed that sentiment in the manufacturing sector has fallen to 95 points in July from 96 points in June. The mood in the services sector improved slightly to the highest level since November 2012, rising to 91 points from 90 points.