France Consumer Confidence March 2019

France

France: Consumer confidence inches up in March

March 27, 2019

Consumer confidence recovered further in March, according to the consumer confidence survey published by the National Institute of Statistics and Economic Studies (INSEE), which climbed 1 point from February to land at 96 points. Despite the improvement, the survey remained below the 100-point threshold—its long-term average—for a tenth consecutive month.

March’s uptick was relatively broad-based as consumers’ anxieties over their personal finances eased somewhat, although concerns over unemployment arose once again. Moreover, consumers’ expected standard of living over the short-term was roughly unchanged. Inflation expectations, for their part, took a breather.

FocusEconomics Consensus Forecast panelists expect private consumption to increase 1.2% in 2019, which is down 0.1 percentage points from last month’s forecast. The panel expects private consumption to increase 1.3% in 2020.


Author:, Economist

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France Consumer Confidence March 2019

Note: Monthly consumer confidence survey; long-term average = 100.
Source: National Institute of Statistics and Economic Studies (INSEE).


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