France’s economic activity stabilized in September at -5% of its pre-crisis level

The Banque de France, which interviewed 8,500 business leaders, judges that activity was stable in September in industry, services and construction. In addition, the central bank maintains its estimate of a rebound in activity to 16% in the third quarter, after a 13.8% drop in the second quarter. Economic activity in France remained in September at 5% below its pre-crisis level, as in August, confirmed the Banque de France in an economic note published Thursday (08/10). The central bank, therefore, maintains its estimate of a rebound in activity to 16% in the third quarter, after a 13.8% drop in the second.