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French consumer confidence stronger than expected in September By Reuters

by Mike Robinson

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PARIS (Reuters) – French consumer confidence improved more than expected in September as households’ concerns about unemployment eased, a monthly survey showed on Tuesday.

According to INSEE, the official statistics agency for France said that its index of consumer confidence rose from 99 in August to 102. This is its highest point since June.

This improvement restored confidence to pre-pandemic levels, beating the 100 average prediction in a Reuters poll with 15 economists.

As the coronavirus crisis subsided, the economy recovered strongly and household concerns over unemployment dropped to the lowest levels since February 2020, when it was first reported in France.

Since April, the number of individuals registered at unemployment agencies as looking for work has dropped sharply. On Monday, the Labour Ministry reported that the Labour Ministry had said that the August drop in jobless claims was 51,100. This is just below the levels seen prior to the crisis.

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