France Consumer Confidence

France

France: Consumer confidence improves in November

November 26, 2014

The consumer confidence indicator published by the National Statistics Institute (INSEE) rose from 85 points in October to 87 points in November, overshooting the 86 points the markets had expected. However, the index is still hovering below its long-term average of 100.

The small improvement in the index reflected that households became less pessimistic regarding their current financial situation as well as regarding their own financial prospects in the next 12 months. Consumers’ opinions regarding both their living standards over a year ago and in the 12 months ahead improved notably in November. 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 2015, which is unchanged from last month’s forecast.


Author:, Senior Economist

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France Consumer Confidence November 2014

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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