France Consumer Confidence March 2017

France

France: Consumer confidence steady at over nine-year high in March

March 29, 2017

The consumer confidence indicator produced by the National Institute of Statistics and Economic Studies (INSEE) remained steady in March at the 100-point reading observed in February, matching market expectations. The indicator reached its long-term average of 100 in January for the first time since November 2007.

In its statement, INSEE pointed out that consumers expressed mixed views of the economy in March. While consumers’ current savings capacity improved, their views on current and future living standards conditions in the country and unemployment prospects remained broadly unchanged in the surveyed month. In contrast, respondents’ views on their future financial situation and future savings capacity deteriorated slightly, partly reflecting expectations of higher prices in the next 12 months.

FocusEconomics Consensus Forecast panelists expect private consumption to increase 1.6% in 2017, which is unchanged from last month’s forecast. The panel expects private consumption to grow 1.3% in 2018.


Author: Jean-Philippe Pourcelot, Economist

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France Consumer Confidence March 2017

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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