According to Jinshi Data, the French INSEE composite consumer confidence index rose to 91 in July, revised upward to 90 in June. The improvement in consumer sentiment indicates that real income growth offsets political and economic resistance.
Consumer sentiment about their personal finances and prospects for the coming months eased in July. Views on current and near-term price inflation also improved, suggesting that the ongoing downward trend in inflation is boosting household incomes.
French CPI rose 2.5% year-on-year last month, slowing from the previous month, and no new surge is expected in July. If this trend continues in the eurozone, the European Central Bank is expected to cut interest rates again this year.
