France Consumer Confidence October 2016

France

France: Consumer confidence edges up in October

The consumer confidence indicator produced by the National Institute of Statistics and Economic Studies (INSEE) edged up from 97 points in September to 98 points in October, matching market expectations. The indicator remains below its long-term average of 100.

In its statement, INSEE pointed out that October’s reading reflected varied views of the French economy. Consumers were more optimistic about their future financial situation and standard of living but grew more downbeat concerning saving capacity and employment prospects.

FocusEconomics Consensus Forecast panelists expect private consumption to increase 1.6% in 2016, which is unchanged from last month’s forecast. The panel expects private consumption to grow 1.3% in 2017s, which is also unchanged from last month’s forecast.


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France Consumer Confidence October 2016

Note: Value of monthly consumer confidence index; long-term average at 100.
Source: National Institute of Statistics and Economic Studies (INSEE).


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