France: Consumers less optimistic in June
June 28, 2016
The consumer confidence indicator elaborated by the National Statistics Institute (INSEE) edged down from May’s 98 points, which marked an over-nine-year high, to 97 points in June. The result matched market expectations. The consumer confidence indicator remains below its long-term average of 100.
In its statement, INSEE pointed out that June’s reading reflected varied views of the economy. French consumers held a more optimistic outlook on their savings capacity and of their past financial situations, but they were more pessimistic about employment prospects and standards of living.