French Economy Posts Upbeat Growths
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France's economy had a growth spurt in the fourth quarter, according to figures published Friday, but its trade balance lurched into deficit in 2004 as the strong euro helped imports outpace exports.
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The US economy is gaining momentum, bolstered by home building, shipping, and even the beleaguered manufacturing sector, the Federal Reserve said yesterday in a newly upbeat assessment.
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French wine and spirits producer Remy Cointreau said it was on track for profit growth after strong sales.
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French Prime Minister Jean-Pierre Raffarin insisted this weekend his country would achieve growth of 2.5 percent next year despite reports of flagging economic momentum in recent months.
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French consumer spending is stronger than expected in July and August, official figures show.
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France's finance minister announced new measures Tuesday designed to boost confidence, stimulate growth and tackle what he called the "scandalously high" jobless rate.
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French consumer confidence soared to a five-year high in May on optimism about jobs and incomes, official figures showed Thursday, a surge analysts attributed to the election of reformist President Nicolas Sarkozy.
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Household spending in France rose in August for a second month in three and Italian consumers were more confident in September, signaling domestic demand may help drive European growth in the second half.
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The OECD is increasing its forecast for European economic growth in 2006, as recovery is well under way.
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Britain&#039;s economy has grown by more than previously thought in the first three months of the year, while annual numbers for 2001-2005 were also adjusted upwards, official data showed.
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The economy grew at its strongest pace in more than a year during the spring as international trade and business investment helped offset weakness in housing, the government said.
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Shares in the French oil major Total gained in early trading after the company revealed stronger-than-expected growth at its refining and chemical operations, pushing third quarter net profit above consensus forecasts.
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French conglomerate Bouygues has said that its net profit in the third quarter of the year rose by 42 percent, driven by the strong growth of its construction and roadworks businesses.
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French industrial output recovered more than expected in July, led by a big surge in car production.
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It&#39;s the fastest-growing economy in Europe, in the fifth year of a boom that has seen gross domestic product climb by over a third since 1999.
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Economic recovery is gathering speed in the euro zone and inflation prospects are favorable, the European Central Bank said on Thursday as it
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Final quarter output of goods and services beat economist estimates, and a new GDP report raised no inflation concerns.