France: Consumer confidence stabilizes in January
January 28, 2015
The consumer confidence indicator published by the National Statistics Institute (INSEE) stabilized at December’s 90 points in January, falling short of the 91 points the markets had expected. The index is still hovering below its long-term average of 100.
The unchanged figure reflected the fact that consumers became less optimistic regarding their current financial situation as well as regarding their future financial standing in the next 12 months. Consumers’ opinions regarding their current living standards were unchanged over the previous month, while their expectations of their living standards in the next 12 months improved compared to the previous month.
This month’s survey also showed that consumers' intentions to buy big ticket items in the next 12 months improved over the previous month.
Author: Ricardo Aceves, Senior Economist