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FRANCE DATA
MNI (London)
FRANCE JUL CONSUMER CONF IND 101; JUN 103r
- Consumer confidence slipped 1pt to 101 in Jul, falling short of market forecasts looking for an unchanged reading (BBG: 102), but shows the second highest reading since the start of the pandemic.
- Jun's reading was revised up by 1pt to 103.
- Household's assessment of the future economic situation deteriorated markedly, falling 8pt, while their opinion about the past economic situation improved slightly by 3pt.
- The amount of consumers thinking that prices increased in the past year rose significantly, up 14pt.
- Intentions to make major purchases declined in July by 5pt, after increasing to 40-month high in Jun.
- Household's savings intentions eased further in Jul, down 4pt and showing third consecutive drop.
- Both consumer's assessment of their future and past financial situation fell in July, decreasing by 3pt and 1pt, respectively.
Source: Insee
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
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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