Advertisement

Survey shows consumer pessimism tailing off

Share this article

13:58 CET+01:00
French consumers showed less pessimism about their personal finances in November, after seven months of ever deeper gloom, official data showed on Tuesday.

An indicator of household confidence by the national statistics institute INSEE was steady during the month at 84 points.

The index is a leading indicator of consumption which is one of the main drivers of economic activity and growth in the French economy.

The view of households on their past financial situation fell by only one point and their opinion on their future prospects rose by one point.

And their attitude to making big purchases edged up one point.

However, these measures of confidence are far below the long-term average, the data from INSEE showed.

The French economy has been bumping along for about a year at just above zero growth, unemployment has been rising, and the government is introducing measures to raise taxes and contain expenditure as part of a drive to reduce its public deficit and debt.

Share this article

Advertisement

From our sponsors

Kickstart your coding career in tech-savvy Berlin

Who says you need to have a programming background to be a part of Berlin's booming tech startup scene?

Advertisement
Advertisement
4,422 Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement