RTTNews - Wednesday, the French statistical office INSEE said in a report that the consumer confidence stood at minus 40 in May, up from minus 41 in April. The consumer confidence came in line with economists' expectations. A year earlier, the indicator was at minus 43.
Households' confidence about expected living standards increased in May, while the measure for past living standards remained unchanged.
Confidence regarding the past financial position slightly decreased, but consumers were optimistic about their future financial position. Households' assessment regarding timeliness of making major purchases increased in May, after showing a decrease in April.
Further, households were more pessimistic about their future unemployment.
For comments and feedback: contact email@example.com