France: Consumer confidence recovers in January
January 29, 2019
Consumer confidence rebounded in January, according to the consumer confidence survey published by the National Institute of Statistics and Economic Studies (INSEE), which climbed 5 points from December’s four-year low to land at 91 points. Despite the improvement, the survey remained below the 100-point threshold—its long-term average—for a ninth consecutive month.
January’s upturn was nearly broad-based as consumers’ anxieties over their personal finances eased somewhat, although concerns over unemployment continued to mount. Moreover, consumers’ expected standard of living over the short-term increased sharply but remained below its long-term average. Inflation expectations, for their part, continued to ebb at the outset of the year.
Author: Christopher Thomas, Economist