France Consumer Confidence September 2016

France

France: Consumer confidence remains unchanged in September

The consumer confidence indicator produced by the National Institute of Statistics and Economic Studies (INSEE) remained stable in September at August’s 97 points. The indicator remains below its long-term average of 100.

In its statement, INSEE pointed out that September’s reading reflected varied views of the economy. French consumers were more optimistic about their savings capacity, employment prospects and future standard of living in France while they held a more negative view on their past financial situation.

FocusEconomics Consensus Forecast panelists expect private consumption to increase 1.6% in 2016, which is down 0.1 percentage points from last month’s forecast. The panel expects private consumption to grow 1.3% in 2017.


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France Consumer Confidence September 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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