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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
FRANCE DATA
MNI (London)
FRANCE APR CONSUMER CONF 83; MAR 82r
- French consumer confidence improved slightly in April, edging up one point to 83 against consensus expectations of holding steady. The indicator still remains markedly below the long-run average of 100, and has been firmly in the 80s range for 13 months now (averaging 83).
- Personal finance expectations saw slight improvement (albeit remaining pessimistic), alongside households' opinions of living standards in France.
- However, the propensity to make major purchases weakened, to the lowest since the initial onset of the pandemic in 2020, implying that French consumer spending will remain pressured for the near future.
- French inflation outlooks cooled sharply in April, to the softest since March 2021.
- In aggregate, eurozone consumer confidence improved in the April flash data to the least negative since February 2022. Further details will be released tomorrow, whereby of note will be insights on consumer inflation expectations, which increased in March, after having continually cooled since October.
- The French data implies inflation expectations could ease off again in April. Yet another aggregate uptick here could concern to the ECB as they grapple with sticky inflationary pressures.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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