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.
Author: Ricardo Aceves, Senior Economist