Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

French Consumer Confidence Hits 3-Year High

Published 02/25/2015, 05:07 AM
Updated 03/19/2019, 04:00 AM

Consumers in the euro area's second-largest economy are getting more confident about their situation, according to a fresh report. In February, the headline confidence index reached 92, beating the 91 expected by consensus, and up 2 points from January's 90. This is the highest reading since May 2012 when the index also stood at 92. And we have to go all the way back to November 2010 for a higher reading.

Yesterday we got more subdued news from French businesses, which reported unchanged confidence at 94 (vs. 95 expected) while manufacturing confidence even declined to 99 from 100.

I expect the French economy to bounce back this year with growth of 0.5% to 1% following a couple of years of stagnation, but the economy is still expected to trail the overall euro area economy.

Franch Consumer

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.