France: Consumers turn optimistic in June for the first time in 14-months
June 26, 2019
Consumer confidence entered positive territory in June, after rising for a sixth consecutive month. According to the French Statistical Institute (INSEE), confidence ticked up 2 points from May to land at 101 points. Accordingly, the index inched above the 100-point threshold—its long-term average—for the first since April 2018.
June’s upturn mostly reflected consumers’ more upbeat sentiment towards their living standards and their ability to save, as well as higher purchasing intentions. Concerns over the country’s future financial situation, meanwhile, rose marginally.
Author: Nicolás J. Aguilar, Economist