France: Consumer confidence rises in May
Consumer confidence rose in May, according to the consumer confidence survey published by the National Institute of Statistics and Economic Studies (INSEE), which ticked up 3 points from April to land at 99 points. Accordingly, the survey remained (just) below the 100-point threshold—its long-term average—for a twelfth consecutive month.
April’s upturn was nearly broad-based across categories. Notably, consumers grew more upbeat on their financial situation, including on their ability to save, as well as on the economic situation in France. Concerns over unemployment, meanwhile, took a breather.