Off the wire
• Duterte, Robredo official winners of 2016 polls  • China penalizes illegal market operations  • U.S. stocks open higher ahead of Yellen's speech  • India orders probe into attack on Nigerian student  • Feature: Greece evacuates largest informal refugee camp at Greek border village  • Delay in separating opposition from terror groups may overturn truce in Syria: Russia  • Beijing's new sub-center must be people-oriented: Xi  • Xinhua Insight: Revised textbook turns to Chinese traditional culture  • Feature: Chinese-funded projects in Colombo Port benefit countless people  • Urgent: Mastermind, 4 others behind Kampala bombings get life term  
You are here: 　 Home

French consumer confidence rises in May despite protests

Xinhua, May 27, 2016 Adjust font size:

French consumers were more confident of the country's economic performance in May than a month earlier as the consumer appreciation index improved by four points to 98, French national statistics bureau Insee said on Friday.

Despite a wave of protests and strikes over a contested labor reform, the consumer confidence index recorded in May its biggest increase since October 2007.

Expectations over personal financial outlook rose four points to minus nine, while outlook over the future economy moved up by nine points to minus 28, clearly above its long term average, according to the report.

As to unemployment rate, less people predicted for an increase of joblessness in the future as the index hit seven-year low to stand at 21 points, down by 28 points from a month before, Insee data showed.

According to the Labor Ministry's figures, the number of people registered as out of work fell by 0.6 percent at the end of April to stand at 3.511 million jobseekers compared to March.

France, Europe's second largest economy, is currently working to boost economic growth. It has targeted 1.5 percent growth this year. Endit