France Consumer Confidence July 2019

France

France: Consumers grow more optimistic in July

July 26, 2019

Consumers grew more optimistic in July, with sentiment rising for a sixth consecutive month. According to the French Statistical Institute (INSEE), confidence ticked up 1 point from June to land at 102 points. Accordingly, the index inched above the 100-point threshold—its long-term average—for the first time since April 2018.

July’s upturn mostly reflected consumers’ less downbeat sentiment towards purchasing big-ticket household items. Moreover, concerns over unemployment decreased slightly, while sentiment towards current and expected saving capacity both inched up.

FocusEconomics Consensus Forecast panelists expect private consumption to increase 1.2% in 2019, which is unchanged from last month’s forecast. The panel expects private consumption to increase 1.4% in 2020.


Author:, Economist

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France Consumer Confidence July 2019

Note: Monthly consumer confidence survey; long-term average = 100.
Source: National Institute of Statistics and Economic Studies (INSEE).


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