French consumer confidence soars to ten-year high

Consumer confidence leapt to 108 points in June, up from 103 points in May. This is on a par with levels seen ten years ago and above the long-term average of 100 points.

The figures are based on the economic circumstances of households, and on their perception of the economic future.

The rise of consumer confidence follows the election of Emmanuel Macron as President. A similar increase was seen following the election of Nicolas Sarkozy in 2007.

The results also show that people are generally more optimistic about putting money aside, with the figure rising 3 points.

Less households now anticipate a rise in consumer prices over the next twelve months.

At the same time, concerns about unemployment have gone down for the third consecutive month.