France Consumer Confidence April 2016

France

France: Consumer confidence stable in April

April 27, 2016

The consumer confidence indicator elaborated by the National Statistics Institute (INSEE) remained stable in April at the 94 points reading tallied in March. The result undershot the 96 points markets had expected and kept the indicator at its lowest result since August. As a result, the consumer confidence indicator remains below its long-term average of 100.

In its statement, INSEE pointed out that consumers’ opinions regarding their future financial prospects remained broadly stable while consumers held a more optimistic outlook on households' saving capacity after hitting an over-four-year low in March. Consumers’ willingness to buy big-ticket items, on the other hand, remained stable compared to March’s reading.

FocusEconomics Consensus Forecast panelists expect private consumption to increase 1.3% in 2016, which is unchanged over last month’s forecast. The panel expects private consumption to grow 1.5% in 2017.


Author: Jean-Philippe Pourcelot, Economist

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France Consumer Confidence April 2016

Note: Value of monthly consumer confidence index; long-term average at 100.
Source: National Institute of Statistics and Economic Studies (INSEE).


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