French consumer confidence improves in April

4th May 2004, Comments 0 comments

PARIS, May 4 (AFP) - French consumer confidence improved slightly in April from the previous month, data published Tuesday by the French statistics agency INSEE said Tuesday.

PARIS, May 4 (AFP) - French consumer confidence improved slightly in April from the previous month, data published Tuesday by the French statistics agency INSEE said Tuesday.

A composite indicator of consumer confidence rose to minus 20 in April from minus 22 in March according to a monthly survey carried out by statistics office Insee.

The indicator represents the balance in percentage points between consumers having experienced, or expecting, a rise in their living standard and those seeing a decline.

The improvement was slightly better than expected with economists having forecast a rise to minus 21 on average.

The indicator on consumers' past personal financial situation was minus 16 in April compared with minus 17 a month earlier, while the outlook for personal finances was plus four versus plus one.

Past French standard of living was minus 54 compared with minus 57 the month before, and the outlook for the French standard of living stood at minus 22 versus minus 28 last month.

The INSEE indicator showing the inclination to buy consumer goods was minus 12 on the month against minus 10 in March.

Insee also released data showing retail sale fell 0.6 percent in February from January, which benefitted from winter sales period.

The national statistics agency published a quarterly survey of business leaders for industrial demand which showed improvement in the first quarter but signaled slower growth in the second quarter.

© AFP

Subject: French news

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