French consumer confidence ticks up in August

French consumer confidence is up slightly in August, from 82 to 84, according to new numbers from INSEE.

That's slightly above expectations of a rise to 83.

Respondents saw their financial situation slightly improved, with past situation up one point and future up two. Assessment of August being a suitable time to make major purchases slipped by a point.

Household opinion on the past general economic situation rose by four points, and on the expected general economic situation grew by seven.

In August, households anticipations of future employment were almost stable. The corresponding balance lost 1 point, after a 17 points decrease in July, and reached its lowest level since June 2012. However, it remained above its long term average.

In August, households were more numerous than in July to estimate that past inflation increased. The corresponding balance increased by 7 points. However, households’ opinion about future inflation decreased (-5 point). Both balances remained above their long term average.