France Consumer Confidence


France: Confidence among consumers stabilizes in June

June 26, 2015

The consumer confidence indicator elaborated by the National Statistics Institute (INSEE) was stable at May’s 94 points in June. The result overshot market expectations of a decline of the index to 93 points. Although the index is below its long-term average of 100, consumer confidence is currently at levels last seen in 2010.

According to INSEE, June’s result reflected that consumers’ more pessimistic opinions regarding their standard of living in the next 12 months and job conditions in the next 12 months were offset by rising optimism over the saving intention in the next 12 months and consumer prices in the next 12 months. Moreover, households’ intentions to buy big ticket items in the next 12 months improved over the previous month.

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 June 2015 0

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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