France Consumer Confidence February 2019

France

France: Consumer confidence recovers in February

February 26, 2019

Consumer confidence continued its recovery in February, according to the consumer confidence survey published by the National Institute of Statistics and Economic Studies (INSEE), which climbed 3 points from January to land at 95 points. Despite the improvement, the survey remained below the 100-point threshold—its long-term average—for a ninth consecutive month.

February’s upturn was nearly broad-based as consumers’ anxieties over their personal finances eased somewhat, and as concerns over unemployment fell. Moreover, consumers’ expected standard of living over the short-term improved but remained below its long-term average. Inflation expectations, for their part, rose considerably.

FocusEconomics Consensus Forecast panelists expect private consumption to increase 1.4% in 2019, which is unchanged from last month’s forecast. The panel also expects private consumption to increase 1.4% in 2020.


Author:, Economist

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France Consumer Confidence February 2019

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


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