It was earlier estimated that the cost of damage caused by the earthquake could rise to $30 million.
Next year, the industry will lose about $3.5 billion, he predicted, instead of posting the small profit he had estimated earlier.
The French government had earlier estimated growth for this year at 1.4 percent.
It had earlier estimated that only three were confirmed conspirators.
He had earlier estimated 10 percent growth, to $11.3 billion.
State investigators had earlier estimated the impact speed at 20 to 25 miles per hour.
The central bank had earlier estimated a growth rate of 3.3 percent for the quarter and 3.8 percent for the year.
The revenues unit actually estimated earlier in the year that it would turn over almost $234 million to the treasury.
The market was up early yesterday after the Commerce Department said that the economy grew faster in the first quarter than it had earlier estimated.
The large purchase encouraged traders because it suggested that inventories of securities firms are smaller than estimated earlier.