French consumer confidence rose in November, breaking the consecutive decline in the four months to October, the National Institute of Statistics and Economic Studies said.
The consumer confidence synthetic index gained 2 points to reach 102, returning to above its long-term average.
Households were more optimistic about their future financial situation, with the corresponding balance increasing by 5 points to negative 11, but still below the long-term average of negative 5.
The balance of opinion on their past financial situation improved by 2 points to negative 19, putting it above the long-term average of negative 21.
In November, households' balance of opinion regarding their future standard of living increased by 4 points to negative 18, while the balance on past standard of living decreased by 1 point to negative 40.
Unemployment fears lessened again in November, with the corresponding balance shedding 7 points to 5, following a 2-point fall in October.
Fewer French households in November expect consumer prices to increase during the next 12 months with the balance losing 8 points to negative 29, while the balance of opinion that consumer prices rose in the last 12 months gained 4 points to negative 45, still far below its long-term average.
French consumers' intentions on major purchases in the next 12 months climbed by 2 points to negative 4, while the balance of opinion on their expected saving capacity, current saving capacity and savings intentions increased by 7 points, 2 points and 8 points, respectively.
