French Business Confidence Rises to Eight-Month High as Economy Speeds Up

[papau]

http://www.bloomberg.com/news/economy/economies.html

French Business Confidence Rises to Eight-Month High as Economy Speeds Up

Oct. 24 (Bloomberg) -- Business confidence in France, Europe's third-largest economy, rose to the highest in eight months in October, adding to signs of faster growth across the economy of the dozen nations sharing the euro.

An index measuring sentiment among 2,000 French manufacturers increased to 102 from 100 in September, Paris-based statistics office Insee said in an e-mailed statement today. Economists expected a reading of 101, according to the median of 22 estimates in a Bloomberg survey.

<snip>The euro region's economy will probably grow 0.4 percent in the third quarter and 0.5 percent in the fourth, the Organization for Economic Cooperation and Development forecast Sept. 6. French growth may accelerate to 0.5 percent in the third quarter from a near standstill in the second, the Paris-based organization said.

French industrial production rose in August at the fastest pace in almost a year and unemployment fell for a third month as companies including Vinci SA, the world's largest construction company, added workers. The jobless rate held at 9.9 percent, down from a 5 1/2 year high of 10.2 percent in May.

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[Flagg]

1. I bet they won't hear about that at freerepublic

**

[Javaman]

2. I took someones advice on here and started investing in Euro's..

Looks like they might start paying off sooner than expected.

[alcibiades_mystery]

3. So much for the wine boycott...

:rofl: :rofl: :rofl: :rofl: :rofl:

Bill O'Reilly: They are our enemies.

:rofl: :rofl: :rofl: :rofl: :rofl: