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French consumer confidence edges higher in August

Staff Writer |
French consumer confidence edged higher in August, with people judging that their personal financial situation had improved in the recent past.

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INSEE's barometre of consumer spirits rose from 96 in July to 97 in August, with a sub-index tracking their personal finances in the past rising from -28 to -21, while their outlook for the same was steady at -10.

Another sub-index referencing their ability to save edged higher from 8 in July to 10 in August.

However, sub-indices linked to living standards in France, both past and present, showed some deterioration.

Frenchmen also grew more pessimistic regarding the outlook for unemployment, with the corresponding sub-index rising from 26 to 34.

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