France Consumer Confidence

France

France: Consumers slightly more optimistic in June

June 27, 2014

In June, the consumer sentiment index published by the National Statistical Institute (INSEE) increased from the 85 points recorded in May to 86 points, which marked the highest value in three months. The print came in above market expectations of the index remaining at 85 points.

The increase came on the back of a broad-based improvement in consumer expectations. Consumers’ expectations regarding the future economic situation in France edged up in June. Households were more optimistic regarding their future financial situations, although their perceptions of the financial situation in the past 12 months deteriorated. Consumers were also more optimistic regarding their savings capacity. On a negative note, consumers continued to be increasingly worried about future employment conditions.

FocusEconomics Consensus Forecast panelists expect private consumption to increase 0.8% this year, which is up 0.1 percentage points over last month’s forecast. The panel expects private consumption to accelerate moderately to a 1.1% rise in 2015.


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France Consumer Confidence June 2014

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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