France Consumer Confidence

France

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.

FocusEconomics Consensus Forecast panelists expect private consumption to increase 0.2% this year, which is down 0.1 percentage points over last month’s forecast. The panel expects private consumption to accelerate moderately to a 1.0% rise in 2016.


Author:, Senior Economist

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France Consumer Confidence February 2015

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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