France: Consumer confidence remains stable in February
February 24, 2011
In February, the consumer sentiment index published by the National Statistical Institute (INSEE) remained unchanged at January's 85 points. The reading matched market expectations, which anticipated consumer sentiment to mirror last month's result. At the current level, consumer confidence sits below its long-term average of 100 points. Households expressed a greater willingness to carry out major purchases in comparison to January, as expectations regarding their personal financial situation improved over last month. However, a pessimistic outlook concerning the job market and savings opportunities continues to weigh on consumer sentiment.