Consumer confidence falls in France

30 July 2012

PARIS: Consumer confidence levels are declining in France, according to data from INSEE, the government statistics body.

The organisation's regular barometer of popular sentiment stood at 87 points in July, measured against the reading 89 points secured in June.

The figure came in well below the average of 100 points recorded between January 1987 and December 2011, the study revealed.

Totals regarding the financial climate over the last 12 months remained flat on -24 points. Projecting forward the same amount of time, scores slipped from -17 points to -19 points month on month.

Ratings related to the general economic sutiuation for the coming year also decreased, albeit by an even more substantial 13 points, to -47 points.

This, however, compared relatively favourably with the -70 points logged when looking back across the preceding 12 months.

Elsewhere, the index covering shoppers' intentions to make major purchases had contracted by six points since June to -26 points in all. This was 12 points behind the long term average.

More positively, perceptions of consumer prices improved from -31 to -22 points, and the public assessment of the employment market for the next 12 months jumped from 67 points to 75 points.

Data sourced from INSEE: additional content by Warc staff