France Consumer Confidence April 2019

France

France: Consumer confidence stabilizes in April

April 28, 2019

Consumer confidence stabilized in April, according to the consumer confidence survey published by the National Institute of Statistics and Economic Studies (INSEE), which held steady from March at 96 points. As such, the survey remained below the 100-point threshold—its long-term average—for an eleventh consecutive month.

April’s stabilization saw consumers’ improved financial situation, including their ability to save, offset by worsening anxieties over unemployment. Inflation expectations, for their part, took a breather.

FocusEconomics Consensus Forecast panelists expect private consumption to increase 1.2% in 2019, which is down 0.1 percentage points from last month’s forecast. The panel expects private consumption to increase 1.3% in 2020.


Author:, Economist

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