France Consumer Confidence February 2016

France

France: Consumer confidence deteriorates in February

February 24, 2016

The consumer confidence indicator elaborated by the National Statistics Institute (INSEE) fell from January’s 97 points to 95 points in February, which marked a six-month low. The result undershot the 97 points the markets had expected. As a result, the consumer confidence indicator fell further below its long-term average of 100.

In its statement, INSEE pointed out that the result came on the back of a deterioration in consumers’ opinions regarding their future financial prospects over the previous month and their willingness to buy big-ticket items. However, households' saving capacity remained virtually stable over the previous month.

FocusEconomics Consensus Forecast panelists expect private consumption to increase 1.7% in 2016, which is unchanged over last month’s forecast. The panel expects private consumption to accelerate moderately to a 1.4% rise in 2017.


Author:, Economist

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France Consumer Confidence Chart


France Consumer Confidence February 2016

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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