France Consumer Confidence April 2017

France

France: Consumer confidence unchanged at over nine-year high in April

April 27, 2017

The consumer confidence indicator produced by the National Institute of Statistics and Economic Studies (INSEE) remained steady in April at the 100-point reading observed in April, 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 April. While consumers’ current and expected savings capacity improved, their views on living standards in the past year deteriorated. In contrast, respondents’ views on their savings intentions remained unchanged.

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 April 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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