Consumer confidence in France at its highest level in 15 months

Bayanalysis - Consumer confidence in France rose to 102 points in June 2021 from 98 the previous month and above market expectations of 100. According to France's National Institute of Studies and Statistics.

The previous consumer confidence is the highest reading since March 2020, and even higher than the long-term average reading since the beginning of the health crisis caused by Corona, which is 100 points.

French consumer confidence was divided into 6 positive points as a result of families' opinions regarding their future financial situation, which is the highest level since June of 2007, while the number of points of families considering an improvement in the French standard of living over the near future during the next 12 months has increased since December 2017, while French household fears of unemployment fell sharply to their lowest level since the start of the Corona crisis.

Historically, consumer confidence in France reached its highest level at 131 points during April 1973 while French consumer confidence recorded its lowest point at 79 points in June 2013.

The consumer confidence index in a country expresses the consumer demand for goods. The higher their confidence in the country’s economic condition, they tend to spend, and vice versa, the more anxious they tend to save, although the consumer confidence index strongly expresses the economic situation, but it remains a questionnaire rather than a total, In the sense that it results from questionnaires about a group of families that may number in the thousands, but not all citizens.