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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.