💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

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)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.