France: Consumer confidence edges up in October
October 28, 2016
The consumer confidence indicator produced by the National Institute of Statistics and Economic Studies (INSEE) edged up from 97 points in September to 98 points in October, matching market expectations. The indicator remains below its long-term average of 100.
In its statement, INSEE pointed out that October’s reading reflected varied views of the French economy. Consumers were more optimistic about their future financial situation and standard of living but grew more downbeat concerning saving capacity and employment prospects.