France Consumer Confidence


France: Consumer confidence inches down in February

February 27, 2014

In February, the consumer sentiment index published by the National Statistical Institute (INSEE) inched down from the 86 points recorded in January to 85 points. The print came in below expectations of the index remaining at 86 points.

The monthly deterioration came on the back of worse expectations over financial conditions in the next twelve months. The sharpest fall was seen in consumers' perceptions of their expected saving capacity. Consequently, consumers' intentions to buy big-ticket items also deteriorated in February. They were also more pessimistic about the country's past and future general economic situation as well as about labor market conditions. Finally, households' outlook on the unemployment situation deteriorated over the previous month.

FocusEconomics Consensus Forecast panelists expect private consumption to inch up to 0.7% this year, which is unchanged over last month's forecast. The panel expects private consumption to accelerate moderately to 1.1% in 2015.


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France Consumer Confidence Chart

France Consumer Confidence February 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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