France: Consumer confidence remains stable in December
January 6, 2016
The consumer confidence indicator elaborated by the National Statistics Institute (INSEE) remained stable in December at November’s 96 points. The result slightly overshot the 95 points the markets had expected. As a result, the consumer confidence indicator remained below its long-term average of 100.
In its statement, INSEE pointed out that the result came on the back of an improvement in consumers’ opinions regarding their future financial prospects over the previous month, which offset a deterioration in households’ past financial situation. Household’s saving capacity remained virtually stable over the previous month.
Author: Eric Denis , Economist