30 June 2005, 11:33  French June consumer confidence indicator -30 vs -29 in May

A composite indicator of consumer confidence fell to -30 in June from -29 in May, according to a monthly survey carried out by statistics office Insee. The indicator represents the balance in percentage points between consumers having experienced, or expecting, a rise in their living standard and those seeing a decline. Economists polled by AFX News had been expecting a June reading of -28. The indicator on consumers' past personal financial situation fell to -23 in June from -21 a month earlier, but the indicator on the outlook for their financial situation improved to -1 from -7. The indicator measuring consumers' inclination to buy consumer goods fell to -19 from -12.

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