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

MNI: FRANCE DATA: Consumer Confidence (Jul 2019) Preview - 07:45 BST

-------------------------------------------------------------------------------

- Consumer Conf Indicator: Bbg Cons (Jul): 102; MNI Median: 101; Prev (Jun): 101

- Markets look for a seventh consecutive gain in French consumer confidence in

Jul...

- ... with the index expected to hit an eighteen-month high

- French consumers have recently reported a lower necessity to save, as their

assessment of living standards has been rising

- Fiscal easing, a still-buoyant labour market, low inflation and supportive

credit conditions bode well for sentiment and spending going forward 

- While France has been more resilient to global trade headwinds than Germany,

it is nevertheless still exposed to the softer external environment

- Indeed, France's Manufacturing PMI fell to the 50 no-change mark in Jul, with

industrial firms recording their first reduction in employment so far in 2019

- If further cracks begin to emerge in so-far resilient domestic labour market

conditions, consumer confidence and spending could face a rockier road ahead