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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.
FRANCE DATA
MNI (London)
FRANCE MAR CONSUMER SENTIMENT 91 (FORECAST: 94); FEB 97r
- French consumer sentiment fell by six points to 91 in March, the lowest since February 2021.
- This is the largest point drop since March to April 2020 (the onset of the pandemic).
- A sharp decline in expectations of future financial situations fell to a close to an eight-year low.
- Across the Eurozone, consumer confidence has seen steep declines. The German GfK index also fell more than expectations, to the February 2021 low and the Eurozone aggregate consumer confidence slid almost 6 points more than expected, to the lowest level since May 2020.
- Consumer confidence has seen substantial slumps due to the combined effects of soaring inflation and the Ukraine war, which is seen as accelerating energy-price growth. These factors are having a direct impact on consumers' real disposable income.
- Growth outlooks for the region remain subdued for the foreseeable future, as the ECB weighs up two-sided risks of inflation and dampened growth.
French Consumer Confidence:
Source: Insee
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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