SERVICES market in France and Japan

offset, agricultural products, aircraft, books, building - civil engineering, capital goods, cars, civil engineering, commercial property, consumer electronic goods, consumer goods, crude oil, health insurance, mutual funds, office building, oil prices, plastic, plastic materials, residential construction, savings, trading, wholesale, wholesalers,

first half of 1997 marked improvement in the economic climate s teeply falling interest rates exchange rate movements and strong world demand have since summer 1996 enabled growth to pick up france as most euro pean countries has been underpinned beginning this year by pro nounced appreciation dollar rally investment is admittedly still on a very limited scale but factors determining level consumption are improving em ployment holding better than expected not all benefits cuts possibly also increase personal net worth yet realized more over household expectations gradually recovering initial stage however these various positive being ob scured impact timing car purchases ending prime qualité scrapping bonus analysis note based assumption that effects recent rise will be felt mainly second leaving gdp at