OTC MARKET NEWS Powered By Quantifi

Is French Official Data Overstating Economic Growth? 

January 23, 2014
Meagan Clark, International Business Times

French official data on the country’s economic growth diverges from surveys of French businesses and may have overstated growth in France’s economy since 2012, according to an analysis released Tuesday from financial information company Markit.com.

Official data and the Banque de France survey have reflected higher output and employment relative to the Purchasing Managers Index (PMI) and the National Institute of Statistics and Economic Studies (INSEE) business surveys. Official data records a 0.5 percent expansion of nongovernment GDP in the second quarter of 2013, while for the same period, the PMI data suggests the French economy was contracting by about 0.3 percent.

Read more: International Business Times

 
Comments are closed on this post.

Subscribe

Submit your email to receive our newsletter

GO