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.