France Consumer Confidence June 2016

France

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.

FocusEconomics Consensus Forecast panelists expect private consumption to increase 1.8% in 2016, which is up 0.1 percentage points over last month’s forecast. The panel expects private consumption to grow 1.5% in 2017.


Author: Jean-Philippe Pourcelot, Economist

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France Consumer Confidence June 2016

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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