France: Consumer confidence eases in July
Consumer confidence came in at 101 in July, inching down from June’s 103. Although sentiment weakened, the index remained above the 100-threshold, which represents its long-term average.
July’s reading came on the back of a deteriorations in households’ views of their personal financial situation in the past and coming twelve months. Moreover, their willingness to purchase large-ticket items in the next 12-month period declined, while their appraisal of their expected standard of living turned more pessimistic. Lastly, consumers’ fears about unemployment increased slightly in July.