France Consumer Confidence

France

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.

FocusEconomics Consensus Forecast panelists expect private consumption to increase 1.3% this year, which is up 0.2 percentage points over last month’s forecast. The panel expects private consumption to accelerate moderately to a 1.4% rise in 2016.


Author:, Economist

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France Consumer Confidence Chart


France Consumer Confidence April 2015

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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