French consumer mood deteriorated in June

Instead of expected stagnation, consumer confidence in France declined to its 21-month low in June, according to a statement of the National Statistical Office (Insee) published on Wednesday.

In June, the consumer confidence indexes of Insee dropped to the lowest level since September 2016 to 97 points from the 99 points of the previous month. Analysts expected 100 points.

May’s index was reduced from 100 points to 99 points. The index stood at 100 points in March. The long-term average of the index is also 100 points. (MTI)