French consumer morale weaker than expected on jobs fears

July 27, 2012 11:07


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


PARIS - French consumer confidence fell unexpectedly in July to its lowest level since February in the face of growing fears about unemployment as a slew of companies unveil plans for major layoffs, a survey showed on Friday.

The INSEE official statistics office said that its consumer confidence index fell to 87 in July from 89 a month earlier. The June figure was also revised down from 90 originally.

The reading, well below the long-term average of 100, fell short of expectations in a Reuters poll of 16 economists which had indicated an average forecast of 90.

The survey showed that a rash of headlines about factory closures and surging unemployment were taking their toll on consumer morale with the proportion of households reporting it to be a concern at the highest level since June 2010.

The number of households expecting their personal finances to get tighter in the months ahead worsened while the number expecting their economic situation to get tougher rose the most since November 2007.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
November 13, 2018
Amazon to announce cities to build 'HQ2'