An official measure of French consumer confidence edged up slightly in April compared to March, with the country’s economy buoyed by falling unemployment while interest rates remain low, the official INSEE statistics agency said on Wednesday.
A Reuters poll of 17 economists had an average forecast for a reading of 100 points. The April consumer confidence reading came in at 101 points from 100 points in March.
France‘s economy has been showing signs of strength, with unemployment falling and the public deficit coming in below the European Union’s three percent limit for the first time in a decade last year.
However, other statistics this week have shown that economic momentum in both France and Germany, the euro zone’s biggest economies, has been ebbing./reuters.com