French Consumer Confidence at Highest Level Since October 2007

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The FINANCIAL — French consumer confidence jumped in September to a level not seen since the financial crisis plunged France into a prolonged period of economic weakness and rising unemployment, according to Nasdaq.

Consumer confidence, as measured by statistics agency Insee, rose three points from the previous month to 97 in September, the highest level since October 2007.

All components of the confidence indicator rose, with particularly sharp improvements in French households’ assessment of their ability to save money. Consumers were also more bullish about their personal financial situation and their ability to make significant purchases.

Standards of living in September were higher than at any time in the last eight years, according to consumers polled by Insee. Concerns about unemployment also declined, Insee said.

 

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