Free Trial

French Consumer Sentiment At 15-Mo High

FRANCE DATA
MNI (London)

FRANCE JUN CONSUMER CONF IND 102; MAY 98r

Consumer confidence rose 4pt to 102 in Jun, beating expectations (100), hitting the highest level since Mar 2020.
Jun's uptick was broad-based, but most notably the fear of unemployment eased by 19pt, showing the lowest level since Mar 2020.

While savings intentions eased to a 6-month low, the intentions to make major purchases gained 10pt and rose to the highest reading since Feb 2018.

However, consumer's expected savings capacity hit a new record high, up 2pt in June.

Household's assessment of their future financial situation and the general economic conditions in the next year increased significantly by 6pt and 8pt, respectively.

Restrictions continue to be eased in France and vaccinations are progressing which provides a boost to household confidence.


Source: Insee

MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com

To read the full story

Close

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.