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- France's consumer confidence weakened for a second successive month
France's consumer confidence weakened for a second successive month
According to rttnews, France's consumer confidence weakened for a second successive month in July, as households' unemployment worries increased, figures from INSEE showed Wednesday.
The survey was conducted between June 28 and July 16 and only 2 percent of participants responded after the July 14 terrorist attack in Nice, the agency said.
The consumer confidence index dropped to 96 from 97 in June, in line with economists' expectations. The score has been below its long-term average of 100.
Households' were slightly less pessimistic regarding their financial situation in the next 12 months, but were more negative regarding their future saving capacity. Their saving intentions continued to improve.
Consumers were also more inclined to make big ticket purchases in the next 12 months and they were less pessimistic regarding their standard of living during the time.
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