France: Consumer confidence improves in February
February 25, 2015
The consumer confidence indicator elaborated by the National Statistics Institute (INSEE) rose from January’s 90 points to 92 points in February. The reading overshot the 91 points the markets had expected. Despite the increase, the index is still below its long-term average of 100.
The monthly improvement reflected consumers’ more optimistic assessment regarding both their current financial situation as well as their future financial standing in the next 12 months. In addition, consumer’s opinions regarding their current living standards improved slightly over the previous month, while their living standards expectations in the next 12 months improved notably compared to the previous month.
This month’s survey also showed that consumers’ intentions to buy big ticket items in the next 12 months improved over the previous month.
Author: Ricardo Aceves, Senior Economist