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.
Author: Eric Denis , Economist