The FINANCIAL — French consumer confidence was stable in August at a level below the long term average, according to Nasdaq.
Consumer confidence in the eurozone’s second-largest economy was 93 in August, seven points below the long term average of 100, statistics agency Insee said. Economists polled by The Wall Street Journal had expected a slight rise to 94 in August from 93 in July.
French consumer confidence has been close to the August level since February this year. It hasn’t risen above 94 since 2007.
In an attempt to lift consumer confidence and drive a strong economic recovery, the French government plans to include deeper tax cuts for households in the 2016 budget after two years of prioritizing tax breaks for business.
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