French consumer confidence rose in February

There was also a rise in the proportion of households who believe it is a good idea to save in February. “This is up four points and remains clearly above the long-term average and has reached its highest level ever,” the French statistics office said.

The same body also says that there was an improvement in the indicator that measures the opinion of French households regarding their ability to save in the future. This indicator rose two points, while the indicator that measures the ability of French people to save in the present lost three points. “Both indicators are above the long-term average,” the French statistics institute noted.

In February, the indicator that measures the standard of living in France, whether past or future, remained stable, although it remains below the long-term average.

Unemployment fears “rose sharply” in February, the French statistics office said, rising seven points after falling six points in January. “This indicator remains well above the long-term average,” the French statistics office said.

There was a drop in the indicator that measures the proportion of households that believe that prices have risen over the past 12 months. “The indicator fell by five points and is now closer to the long-term average,” says the French statistics institute.

“The proportion of households that think prices will accelerate in the next 12 months fell slightly. The indicator lost one point and was below the long-term average,” the French statistics office said.