The INSEE consumer confidence index lost two more points between July and September (at 85). The decline is modest at first glance. However, the figure’s details are grim. French households are worried about their own situation and even more about the general standard of living. All this does not bode well for private consumption and is another bad news for GDP growth.
EcoFlash
France: Missing confidence
Wed, Sep 26 2012, 12:36 GMT
by
Hélène Baudchon
|
BNP Paribas
Hélène Baudchon
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