Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Netanyahu deletes tweet featuring photo of James Foley

Read more

THE WORLD THIS WEEK

The World This Week - 22 August 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 22 August 2014

Read more

FRANCE IN FOCUS

FRANCE IN FOCUS

Read more

FOCUS

Lifting the veil over China's air pollution

Read more

ENCORE!

Tango Takeover in Paris

Read more

WEB NEWS

Calls for ISIS media blackout after execution of James Foley

Read more

IN THE PAPERS

'Steely resolve of reporters exploited by pared-down employers'

Read more

BUSINESS DAILY

US judge calls Argentina bond swap offer illegal

Read more

  • French teenage girls held over Syria jihad plans

    Read more

  • Iceland issues aviation alert on volcano activity

    Read more

  • France will not be 'be pushed around' by Germany

    Read more

  • ‘European GPS’ satellites launched into wrong orbit

    Read more

  • Merkel in Kiev as aid convoy ‘returns to Russia’

    Read more

  • Suicide bomber targets Iraq intelligence HQ in deadly attack

    Read more

  • Video: Israel bombs kidnapping suspect’s home

    Read more

  • US brands journalist’s beheading a ‘terrorist attack’

    Read more

  • Ebola prompts Philippines to recall UN troops in Liberia

    Read more

  • Besieged by problems, Hollande faces unhappy return from summer holidays

    Read more

  • US sued over ‘deportation mill’ in New Mexico

    Read more

  • Colombian army and FARC rebels in face-to-face talks

    Read more

  • US National Guard starts to pull out of embattled Ferguson

    Read more

  • PSG fall flat once more against Evian

    Read more

  • US job market yet to recover from recession, says Fed Chair

    Read more

  • August 22, 1914: The bloodiest day in French military history

    Read more

  • Fear of Ebola sky-high among Air France workers

    Read more

  • US says Islamic State threat 'beyond anything we've seen'

    Read more

  • Interactive: Relive the Liberation of Paris in WWII

    Read more

France

French consumer confidence plummets

© afp

Text by NEWS WIRES

Latest update : 2013-05-28

French consumers remain pessimistic and worried over future living standards, official data showed Tuesday. The confidence index fell in May to 79 points, a low last seen in July 2008 at the height of the financial crisis and equal to 1987 levels.

French consumers are deeply pessimistic, being as gloomy as they have ever been since 1987, official data showed on Tuesday.

They are increasingly worried about the outlook for their living standards, a monthly index compiled by the national statistics institute INSEE showed.

The index measures household confidence, which determines the level of household consumption, a key driver of growth in any economy and particularly so in France which is burdened by a big structural trade deficit.

The index in May fell to 79 points from 83 points in April.

This reading is equal to the lowest level reached since 1987, in July 2008, at the height of the financial crisis.

The average for the period from January 1987 to December 2012 was 100 points.

Households, when asked for their view of future living standards in France, gave answers which took this specific measure down another 2.0 points to the absolute lowest level during the reference period.

Households also showed an increasing belief that the unemployment rate, now 11.0 percent of the workforce, will rise.

(AFP)

Date created : 2013-05-28

  • FRANCE

    French govt backs 75% tax rate, scraps exec pay cap

    Read more

  • FRANCE

    French economy falls back into recession

    Read more

  • FRANCE

    Record 3.22 million jobseekers in France

    Read more

COMMENT(S)