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- French consumer confidence fell in June
French consumer confidence fell in June
The index of consumer confidence, reflecting consumer sentiment in France dropped to 97 from the previous value of 98, and coincided with the forecast. In May the index touched the highest value since October 2007. The consumer confidence index shows the general state of the economy in the short term. However, recently there has been a downward trend, which is negative for the euro as the indicator moved further away from its long-term average of 100.
As can be seen from this figure, consumers are less optimistic about their financial prospects and the possibility to make large purchases. This economic data shown the activity before Brexit.
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