France Consumer Confidence

France

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.

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 August 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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