France: Confidence among consumers rises to highest level in over four years
March 27, 2015
The consumer confidence indicator elaborated by the National Statistics Institute (INSEE) rose from February’s 92 points to 93 points in March and matched market expectations. The result marked the highest level since November 2010. Despite the increase, the index is still below its long-term average of 100.
According to INSEE, March’s result reflected consumers’ more optimistic opinions regarding both their current living standards as well as their future living standards. In addition, households responded that they were more optimistic regarding their current and future savings capacity. This month’s survey also showed consumers’ more optimistic assessment regarding employment prospects and households’ intentions to buy big ticket items in the next 12 months improved over the previous month.
Author: Ricardo Aceves, Senior Economist