France: Consumer confidence stable in February
February 27, 2013
In February, the consumer sentiment index published by the National Statistical Institute (INSEE) was stable at January'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 12 months remained stable compared to January, as well as the assessment on the current status of the French economy. On a negative note, a higher number of households forecasted an increase in unemployment.
FocusEconomics Consensus Forecast panellists expect private consumption to grow 0.1% this year, which is unchanged from last month's forecast, before accelerating moderately to 0.7% in 2014.