France: Consumer confidence stable in October
October 26, 2018
In October, the consumer-confidence indicator published by the National Institute of Statistics and Economic Studies (INSEE) edged up to 95 points from 94 points a month earlier. For a sixth consecutive month, however, the indicator remained below the 100-point threshold—a proxy of its long-term average.
October’s reading notched few changes from September’s; most notably, consumers grew more confident in their ability to save and, in turn, their one-year outlook grew less downbeat. Moreover, unemployment anxieties also greatly decreased.
Author: Christopher Thomas, Economist