French consumer confidence index rises in April

French consumer confidence index rose in the month of April. The household’s confidence index rose one point to 101, slightly above its long-term average, noted French statistical institute INSEE. Consumers were nearly as optimistic as in March regarding their expected financial situation: the corresponding balance rose by one point after rising 6 points in March. However, it continues to be below the long-term average. Household’s opinion on their past financial situation deteriorated further. The share of households considering it is a suitable time to make major purchases rose a bit in the month.

Household’s opinion balance on their current saving capacity remained the same when compared with March, standing slightly above its long-term average. The balance on their expected saving capacity was virtually stable and is back to its long-term average.

Consumer’s opinion on the unemployment trend was virtually stable in April. The corresponding balance continues to be much below its long-term average.

Meanwhile, consumers were less numerous than in the earlier month to expect prices to increase in the next 12 months: the corresponding balance dropped 2 points, after falling by 6 points in March. But it continues to be above its long-term average.

At 13:00 GMT the FxWirePro's Hourly Strength Index of Euro was neutral at 28.1762, while the FxWirePro's Hourly Strength Index of US Dollar was slightly bullish at 65.1836. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex

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