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French consumer confidence retreated for the second-straight month in August, sliding to a level of 99 from a downwardly-revised 100 in July, according to Insee. That follows a decline in French business confidence, which slipped to 110 from 113, in data released on Thursday, echoing ebbing corporate confidence in Germany reported earlier in the week.
Consumers were gloomier about both past and future situations. The index for households' past financial situation declined to -14 from -13 in July, while financial prospects slipped to -3 from -1.
French consumer confidence
Source: Insee
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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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.
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