Free Trial

MNI: FRANCE DATA: Consumer Confidence (Apr 2019).....>

MNI, NEWS
MNI: FRANCE DATA: Consumer Confidence (Apr 2019)
-------------------------------------------------------------------------------
- Consumer Confidence Indicator: 96; Prev (Mar): 96
- Consumer confidence was stable in Apr vs mkt expectations of a small 1pt rise 
- After hitting its lowest level in Dec since Nov 14 (87), the index has been
gradually recovering - but remains below its long-run average of 100
- Positively, consumer's opinions regarding their future financial situation
continued to recover in Apr (+2pts)...
- ... and the share of households that feel it is a good time to make large
purchases rose by 3pts to almost reach its long-run average level
- However, the proportion of households feeling that they need to save increased
sharply (+11pts), albeit remaining below the series average
- The share of households who feel that their standard of living has improved in
the last year declined slightly (-2pts) and remains below the historical average
- The EUR5bn worth of income tax cuts announced by President Macron yesterday
should help consumer confidence to recover further in the coming months 

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.