French Consumer Confidence Increases to Highest Since March

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Or sign-in if you have an account.h3nn[vfta[4)hjiy}fqfnztd_media_dl_2.png Insee(Bloomberg) — French consumer confidence advanced more than expected in July, recovering some lost ground since the start of the Iran war.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe monthly measure of household sentiment rose to 86 from 84 as optimism on personal finances and living standards improved, statistics agency Insee said on Tuesday. That’s the highest level since March and one point stronger than the median estimate in a Bloomberg survey of economists. Despite the improvement, the reading remains well short of the indicator’s long-term average of 100. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe French economy contracted at the start of the year and second quarter figures later this week are expected to show only 0.2% growth. Consumer spending has been weak as households struggle with accelerating inflation and the government limits fuel aid as it seeks to contain a large budget deficit.The European Central Bank said last week that the full effect of the energy shock “has yet to play out.” While the institution refrained from a second rate hike to contain inflation at its July meeting, it said there are upside risks to prices.Still, Insee’s measure of views on inflation showed the proportion of households who consider prices have risen over the last year declined, and there was a sharp drop in the balance between those expecting an acceleration and those not foreseeing an acceleration.The survey was conducted between June 25 and July 20, with most responses coming in the first two weeks of the period, which predates the recent bout of wildfires in the Bordeaux region.—With assistance from Giovanna Coi, Harumi Ichikura and Joel Rinneby.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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