French consumers see outlook brighter, despite protests

26th October 2010, Comments 0 comments

French consumers overall appear to have shrugged off the destabilising effect of strikes and disruption in protest against pension reforms in October, official data suggested on Tuesday.

French household confidence rose slightly during the month, an indicator from the official statistics INSEE showed.

This measure rose by one point in October, having risen by two points in September. It had fallen from January to July, but has firmed since September.

In October, households took an more optimistic view of their past and future financial situation.

The number of households expecting unemployment to worsen fell slightly.

The middle of October has been marked by widespread protests against reforms of the pension system which are now nearing the end of their passage through parliament.

A main point of the protests was the blocking of fuel supplies from refineries which caused widespread shortages of fuel for transport companies and motorists.

© 2010 AFP

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