France Consumer Confidence January 2019

France

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.

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 January 2019 1

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


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