French Consumer Confidence at Highest in Over a Year
26 June 2019 - 8:18AM
Dow Jones News
By Fabiana Negrin Ochoa
Consumers turned more optimistic in France this month, boosting
statistics agency Insee's measure of consumer confidence past the
one-year high it reached last month.
Insee's gauge of consumer sentiment rose to 101 in June from 99
in May, surpassing the long-run average of 100 for the first time
since April 2018, the agency said. The reading equals the level
recorded in April 2018--itself the highest since January of that
year--and topped expectations of economists in a WSJ poll for
98.
The result comes on the heels of Insee's business climate
survey, which on Tuesday showed a deterioration in French
manufacturing sentiment, but stability in the composite index.
Write to Fabiana Negrin Ochoa at
fabiana.negrinochoa@dowjones.com
(END) Dow Jones Newswires
June 26, 2019 03:03 ET (07:03 GMT)
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