France Consumer Confidence August 2016

France

France: Consumer confidence inches up in August

The consumer confidence indicator elaborated by the National Institute of Statistics and Economic Studies (INSEE) edged up from July’s 96 points to 97 points in August. Nevertheless, the indicator remains below its long-term average of 100.

In its statement, INSEE pointed out that August’s reading reflected varied views of the economy. French consumers were more optimistic about their past financial situations and their ability to save, but they were more pessimistic about their employment prospects and the likelihood that they would purchase big-ticket items.

FocusEconomics Consensus Forecast panelists expect private consumption to increase 1.7% in 2016, which is down 0.1 percentage points over last month’s forecast. The panel expects private consumption to grow 1.4% in 2017.


Author:, Economist

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France Consumer Confidence August 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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