World Print edition: 2019-11-28

French consumer confidence hits highest level since Macron took office

Published November 28, 2019 Updated November 28, 2019 06:38am

1 min

By BR Web Desk Recorder Report

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The INSEE official statistics survey said its household confidence index rose to 106 from 104 in October, smashing economists' expectations for a pull-back to 103 in a Reuters poll.

That brought the index to its highest level since surging to a 10-year high of 108 in June 2017 following Macron's election the previous month on promises to modernise the economy with a pro-business reform agenda. INSEE said that households' concerns about unemployment fell in November to the lowest point since August 2017.

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