France consumer sentiment climbs to 10-year high

France consumer sentiment climbs to 10-year high

France consumer sentiment climbed to the highest level in 10 years in June, data from national statistics office Insee showed on Wednesday.

The sentiment index scored 108 in June, the highest since June 2007, up from a revised of 103 in May.

Progress in personal finances, ability to save and readiness to make significant purchases boosted the index.

The improvement in consumer sentiment reflected confidence after the win of Emmanuel Macron in Presidential elections.

As of 10:03 GMT, the euro traded higher at 1.1364 against the U.S. dollar after hitting a one-year high of 1.1388.

Ahmed Mamdouh

Ahmed Mamdouh, Co-Founder and Head of English Fundamental Analysis at FXComment.com, with 7 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.

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