France: Consumer confidence inches up in August
August 26, 2016
The consumer confidence indicator elaborated by the National Institute of Statistics and Economic Studies (INSEE) edged up from July’s 96 points to 97 points in August. Nevertheless, the indicator remains below its long-term average of 100.
In its statement, INSEE pointed out that August’s reading reflected varied views of the economy. French consumers were more optimistic about their past financial situations and their ability to save, but they were more pessimistic about their employment prospects and the likelihood that they would purchase big-ticket items.
Author: Christopher Mc Innes, Economist