Tuesday, January 29, 2008

Constumer confidence in France decreased again

Constumer confidence in France realize decreasing in January for the 6th serial month, followed by increasing the pesimism of households for their future stanrd of living. The index of Constumer confidence decreased to -34 points in January, from revised datas for decreasing of -30 points from December. The index continue to decrease from its larger level in June from -13 points, which was the highest level from January 2003. This is part of decreasing in financial markets, increasing inflation and strong EUR, and also scandalous news for French bank Socgen.
Bank of France announced, that the economy realise delay and revised the datas for growing of Gross Product for the 4th quarted of the year, from 0.5% to 0.6%, which is 1.9% on yearly base for 2007. The datas are lower from those given from the Government for growing of 2%-2.5% on yearly base.

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