Household confidence falls

28th September 2007, Comments 0 comments

28 September 2007, PARIS (AFP) - A key indicator of French consumer confidence fell six points in September to minus 21 from minus 15 in July, the French statistics office Insee said.

28 September 2007

PARIS (AFP) - A key indicator of French consumer confidence fell six points in September to minus 21 from minus 15 in July, the French statistics office Insee said.

The survey is monthly except for August.

Economists polled by Thomson Financial News had been expecting the indicator to fall to minus 17.

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

The survey found that French households had grown pessimistic about prospects for an improvement in standards of living and in their own financial futures.

A steady seven-month rise in French consumer confidence had come to an end in July when the indicator fell three points, the first monthly decline since December.

AFP

Subject: French news

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