France Consumer Confidence June 2021

France

France: Consumer confidence rises above long-term average for first time since health crisis began

June 29, 2021

Consumer confidence rose to 102 in June from May's 98, marking the best reading since March last year. As a result, the index moved above the 100-threshold, which represents its long-term average, for the first time in over a year.

June’s upturn largely reflected a notable improvement households’ willingness to purchase large-ticket items. Moreover, their perception of their personal financial situation in the coming twelve months turned optimistic in June, while their appraisal of their past personal financial situation also turned less pessimistic. Meanwhile, the outlook for unemployment weakened from the previous month.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 3.6% in 2021, which is unchanged from last month’s forecast, and 5.0% in 2022.


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France Consumer Confidence June 2021

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


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