France: Consumer confidence inches up in January
January 27, 2016
The consumer confidence indicator elaborated by the National Statistics Institute (INSEE) inched up from December’s 96 points to 97 points in January. The result slightly overshot the 96 points the markets had expected. Despite marking the highest reading since October 2007, the consumer confidence indicator remained slightly below its long-term average of 100.
In its statement, INSEE pointed out that the result mostly came on the back of improving households’ expectations of standard of living over the previous month, which more than offset a slight decrease in households’ saving capacity.
Author: Eric Denis , Economist