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

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MNI: FRANCE DATA: Consumer Confidence (Jun 2019) Preview - 07:45 BST
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- Consumer Conf Indicator: Bbg Cons (Jun): 100; MNI Median: 100; Prev (May): 99
- Consumer confidence improved by 3pts in May, leaving it just a touch below its
series average of 100 
- The index has been recovering steadily this year since hitting its lowest
level in Dec since Nov 14 (87)
- The recovery has been driven by the fading of the 'Gilets Jaunes' protests &
associated social unrest that began in late Nov...
- ... as well as recently announced income tax cuts...
- ...and the planned scrapping of a housing tax (which has already been reduced
since President Macron came to power two years ago)
- While these factors could continue to drive consumer confidence to higher in
the coming months...
- ... the extent of any gains is likely to be limited by ongoing concerns over
both the domestic & global economic outlook

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