Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

French consumer sentiment climbs more than expected in June

Published 26/06/2020, 08:03
© Reuters. FILE PHOTO:  Parisian restaurants re-open their halls

PARIS (Reuters) - French consumer confidence rebounded more than expected in June although households' fears about unemployment and the economic outlook remained high, a monthly survey showed.

The INSEE official statistics agency said its consumer sentiment index rose to 97 from 93 in May, beating an average forecast for 95 in a Reuters' poll of economists' expectations.

Consumer confidence fell sharply after the government put France under one of Europe's strictest coronavirus lockdowns in mid March. It began easing restrictions on May 11.

INSEE said households' concerns about the general economic situation over the next year had eased slightly after hitting their highest levels on record in April and May.

Households' concerns about unemployment edged higher, rising to the highest level in seven years.

© Reuters. FILE PHOTO:  Parisian restaurants re-open their halls

The government expects the euro zone's second-biggest economy to contract by 11% this year, putting as many as 800,000 jobs at risk.

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.