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.
Author: Eric Denis , Economist