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French consumer confidence stable in August

Published 05/09/2014, 08:39
Updated 05/09/2014, 08:40
© Reuters General view of the ground floor of the new Printemps department store in the Louvre Museum's Carrousel du Louvre shopping mall, in Paris

PARIS (Reuters) - French consumer confidence was stable in August for the third month in a row at 86, the official INSEE statistics agency said on Friday.

That result was slightly above that indicated by a Reuters poll of 12 economists who had an average forecast 85. The highest forecast was 89 and the lowest was 84.

INSEE reported in its monthly consumer survey that households were slightly less worried about unemployment but that inflation concerns were the lowest since December 1999.

KEY FIGURES

Lg-term avg May June July Aug

Overall index adj 100 85 86 86 86

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.

© Reuters. General view of the ground floor of the new Printemps department store in the Louvre Museum's Carrousel du Louvre shopping mall, in Paris

(Reporting by Leigh Thomas; editing by Mark John)

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