The November 13th terrorist attacks in Paris have cost France's economy about 500 million euros, reducing the rate of growth by a quarter, the Bank of France said Tuesday. reports Radio France Internationale
The losses were mainly in the tourism sector, with Air France putting the effect on its income as 50 million euros.
The Bank of France has revised its forecast of French growth for the fourth quarter of 2015 from 0.4 per cent to 0.3 per cent because of the effect of the terror attacks.
That means about 500 million euros, according to French Treasury estimates.
Hotels, restaurants and leisure activities "notably weakened in connection with the November 13th attacks", which targeted a music venue, cafés and restaurants, the bank said in a statement.
Employers indicated a rise in other economic activity and the bank last week confirmed its forecast of 1.2 per cent growth for the whole year.
The attacks "significantly impacted" Air France-KLM's receipts, the company said in its monthly traffic update which put lost income at 50 million euros, about 0.2 per cent of annual revenue.
It predicted the effect would have largely worn off by the end of December.
Visits to French news websites boomed in November due to the attacks, however.
The top 10 sites scored 700 million hits, double the previous month's performance.