France: Consumer confidence remains unchanged in January
January 29, 2013
In January, the consumer sentiment index published by the National Statistical Institute (INSEE) remained stable at December's 86 points, in line with market expectations. At the current level, consumer confidence remains well below its long-term average of 100 points.
Households' expectations regarding the economy in the next twelve months were more downbeat compared to December, while the assessment on the current status of the French economy was stable. In addition, respondents to the survey showed more pessimistic expectations regarding their future financial situation. On a positive note, a lower number of households forecasted an increase in unemployment than in January.