France Consumer Confidence June 2020


France: Consumer sentiment improves in June

June 26, 2020

In June, consumer sentiment rose to 97 from 93 in May, according to the Statistical Institute (INSEE). As such, the index remained below the 100-threshold—its long-term average.

Consumers were significantly less pessimistic towards buying big-ticket household items in the year ahead. Meanwhile, their expected financial situation in the coming 12-months was less negative, while their expected saving capacity turned optimistic. That said, unemployment concerns rose from the previous month, while they grew more concerned over prices in the coming year.

FocusEconomics Consensus Forecast panelists expect private consumption to fall 6.5% in 2020, which is unchanged from last month’s forecast. The panel expects private consumption to increase 4.4% in 2021.


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