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French Consumer Confidence Unchanged

FRANCE DATA
MNI (London)

FRANCE APR CONSUMER CONF IND 94; MAR 94

  • Consumer sentiment remained at Mar's level of 94 in Apr, in contrast to markets looking for a downtick to 93.
  • The indicator remains well below the long-term average of 100.
  • Household's assessment of their future financial situation deteriorated by 3pt, after improving in the previous month, while their opinion about their past financial situation rose 2pt.
  • The fear of unemployment eased 1pt, but remains elevated throughout the pandemic.
  • Saving intentions for the next year ticked up by 2pt to a record high, while intentions to make major purchases edged up 2pt as well.
  • Consumer's opinion about the general economic situation in the last 12 and future 12 months was unchanged.
  • Infection rates in France are still high and restrictions remain tight, which weighs on consumer sentiment.
  • A significant improvement regarding the pandemic is needed for the consumer mood to pick up markedly.
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com

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