France: Confidence among consumers rises to highest level in over five years
April 28, 2015
The consumer confidence indicator elaborated by the National Statistics Institute (INSEE) rose from March’s 93 points to 94 points in April. The result matched market expectations and marked the highest level since January 2010. Despite the increase, the index is still below its long-term average of 100.
According to INSEE, April’s result reflected consumers’ more optimistic opinions regarding their current and future financial situation. This month’s survey also showed households’ intentions to buy big ticket items in the next 12 months improved over the previous month. In addition, households responded that they were more optimistic regarding their current and future savings capacity. However, the survey highlighted a sharp increase in consumers’ concerns over rising unemployment.
Author: Eric Denis , Economist