Consumer Confidence (Jun 2020)..........>

FRANCE DATA: Consumer Confidence (Jun 2020)

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- Consumer Confidence Indicator: 97; Prev (May): 93

- Household sentiment gained 4pt in Jun, beating market expectations looking for

an uptick to 95. 

- Amid continued easing of lockdown measures, the index recovered slightly in

Jun after falling sharply in Apr and May, although it remains below the

long-term average (100) 

- Jun's uptick was driven by a sharp increase in major purchase intentions

(+30pt) and the assessment of the general economic situation in the next 12

months (+17pt) 

- While household's savings intentions only gained 1pt, the expected savings

capacity rose 9pt in June 

- Consumer's opinion regarding their future financial situation improved (+12pt)

- The fear of unemployment only edged up 1pt and consumers opinion on prices in

the next 12 month declined sharply (-16pt)