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French household confidence holds steady in March

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French household confidence holds steady in March

Household confidence in the French economy held steady in March as the synthetic index remained at its long-term average of 100 points, data from the National Institute of Statistics and Economic Studies showed.

Households' financial outlook over the next 12 months was more upbeat in the month as the corresponding opinion balance regained 6 points to negative 12 after shedding 5 points in February.

Fewer households expected prices to increase over the next 12 months as the opinion balance lost 6 points to negative 26 from negative 20 in February.

Households' opinions on the future standard of living was unchanged at negative 24 and remained slightly above its long-term average.

On the employment front, households' opinion on the jobless trend in France slipped to 3 points in March from 4 points in the prior month.