17833
French Consumer Confidence Eases
World Economy

French Consumer Confidence Eases

French consumer confidence eased slightly in May to 93 from 94 in April, the official INSEE statistics agency said on Wednesday, marking a pause after the index increased by a total eight points since last October. A Reuters poll of 20 economists had an average forecast of 95. The highest forecast was 96 and the lowest was 92. A sharp drop in respondees' perception of their ability to save dragged the index lower. The index, which is not closely correlated to consumer spending trends, hit an all-time low in May and June 2013 of 79. The highest level since the survey was conducted on a monthly basis was 125 in January 2001. Households' confidence in their ability to make savings both now and in the future dropped sharply, Insee said. Consumers' assessment of their recent financial situation also declined slightly. The monthly survey also showed that fears of unemployment fell. Fewer households surveyed said prices have risen recently, but inflation expectations rose in May, Insee added.

 

Short URL : http://goo.gl/a7czeX

You can also read ...

Poland to Maintain Solid Growth
Polish economy’s all significant macro fundamentals appear...
While the tariff conflict may still be in its infancy,  global trade growth rate has almost halved.
The global economy will continue to expand strongly in the...
Zimbabwe is in arrears of nearly $1.8 billion  to the World Bank and ADB .
The International Monetary Fund Thursday said it was ready to...
King Khaled International Airport
Saudi Aramco may have grabbed the biggest headlines, but the...
Imran Khan Says Economic Revival a Priority
Pakistan Prime Minister Imran Khan on Thursday said that the...
Wells Fargo Will Cut Workforce
Wells Fargo & Co said on Thursday it would reduce its...
Global Stocks Hit 6-Month High
World shares hit their highest levels in more than six months...
Premier Li Keqiang has  voiced confidence in China’s ability to overcome obstacles.
Chinese officials are shrugging off warnings that the trade...

Trending

Googleplus