French people

French consumer confidence stronger than expected in September

A man, wearing a protective mask, walks past a “Mona Lisa” (La Joconde) poster displayed in a tourist souvenir shop closed to the arcades of rue de Rivoli in Paris amid the epidemic of coronavirus disease (COVID- 19) in France January 29, 2021. REUTERS / Gonzalo Fuentes / File photo

PARIS, Sep 28 (Reuters) – French consumer confidence improved more than expected in September as household worries about unemployment eased, according to a monthly survey released on Tuesday.

INSEE’s official statistics agency said its consumer confidence index rose from 99 to 102 in August, reaching its highest level since June.

The improvement brought confidence back to pre-pandemic levels and topped the average forecast of 100 in a Reuters poll of 15 economists.

With the economy rebounding strongly as the coronavirus crisis eases, household worries about unemployment have fallen to their lowest level since February 2020, just before the start of the epidemic in France.

The number of people registered as looking for work with unemployment agencies has fallen sharply since April, and the Labor Department said on Monday that jobless claims fell from 51,100 in August to 3,308,700, just above level observed before the onset of the crisis.

Reporting by Leigh Thomas; Editing by Giles Elgood

Our Standards: The Thomson Reuters Trust Principles.


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