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