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Economics Gazette

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October 22, 2019

Consumer confidence in France remains unchanged after elections

Consumer confidence in FranceThe consumer confidence in France remains unchanged after the first round of presidential elections in the country, staying at its highest levels since 2007. The consumer confidence index remains at the 100-point level for the fourth consecutive month in April, according to data from the National Institute of Statistics and Economic Research. On April 23, voters in the second largest economy in the Eurozone decided to go to the centerpiece of Emmanuel Macron and Marin Le Pen.

The institution data also show that household fears of unemployment are at its lowest level since the financial crisis in 2008.

The unemployment rate in France did not decrease during the five-year management of Socialist Francois Hollande and in February it was 10%. Overall, however, unemployment in the euro area declined and reached a seven-year low against the backdrop of accelerated economic recovery this year.

Separate data from the statistical institute on Wednesday showed that French companies in the industry are in their best form since 2010 and that overall business attitudes are at a six-year high.

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