France: Consumer confidence declines slightly in July
July 27, 2016
The consumer confidence indicator elaborated by the National Statistics Institute (INSEE) edged down from June’s 97 points to 96 points in July, matching market expectations. The indicator remains below its long-term average of 100.
In its statement, INSEE pointed out that July’s reading reflected varied views of the economy. French consumers were more optimistic about their financial situations for the next 12 months and the likelihood that they would purchase big-ticket items, but they were more pessimistic about employment prospects and their expected savings capacity.