France: Consumer confidence remains stable in November
November 25, 2015
The consumer confidence indicator elaborated by the National Statistics Institute (INSEE) remained stable in November at October’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 consumer’s opinions regarding their financial prospects remained virtually stable over the previous month. While, households’ current saving capacity improved slightly, fewer households were willing to make major purchases in the next 12 months.
Author: Eric Denis , Economist