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French consumer confidence remains stable in April

Staff Writer |
French consumer sentiment remained stable as expected in April, survey results from the statistical office Insee showed.

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The consumer sentiment index remained at 100, its long-term average, for the fourth consecutive month in April.

The indicator for households' opinion on their future financial situation dropped one point to -9, while their past financial situation indicator rose one point to -20 in April.

Households' opinion on their future saving capacity improved slightly in April. The corresponding index rose to -2 from -3.

The balance of opinion on the past standard of living in France lost 2 points to -51 and has moved further away from its long term average. The balance of opinion on the future standard of living came in at -23, the highest since October 2007, versus -24 in March.

Households' fears concerning unemployment have diminished in April and reached their lowest level since June 2008. The score was 15.

Households were less numerous to expect prices to increase during the next twelve months. The corresponding balance fell 2 points while staying above its long-term average.

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