08.07.2015 - French GDP is likely to grow by 0.2% in the second quarter

Today was published the forecast for GDP growth in France in the second quarter, which according to analysts will be 0.2%, against the previous forecast of growth by 0.3%. According to the report of the central bank of the country, industrial production remained almost unchanged in June, but managers expect growth in July. It should be noted that the manufacturing sector in the country continues to recover and manufacturing PMI rose to 50.7 in June. We expect a drop in prices of euro despite the positive expectations for economic growth in France and recommend holding short positions with the target of about 1.05.

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