France: Confidence among consumers stable in August
September 4, 2015
The consumer confidence indicator elaborated by the National Statistics Institute (INSEE) remained stable in August at July’s 93 points. The result slightly undershot market expectations of the index inching up at 94 points. Although the index remains below its long-term average of 100, consumer confidence has been virtually stable since February 2015 at historically high levels last seen in 2010.
According to INSEE, August’s result reflected that consumers’ more pessimistic opinions regarding their savings intention in the next 12 months had offset less pessimistic views over consumer prices in the last 12 months.
Author: Eric Denis , Economist