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French March consumer confidence stable for third month in a row
March 29, 2017 / 6:48 AM / in 7 months

French March consumer confidence stable for third month in a row

A shopper carries Dior shopping bags in a department store in Paris, France, February 26, 2016. REUTERS/Mal Langsdon/File Photo

PARIS (Reuters) - French consumer confidence stabilised at its long-term average of 100 points in March, in line with expectations and the third consecutive month at that level, the official INSEE statistics agency said on Wednesday.

A Reuters poll of 10 economists had an average forecast of 100. The highest forecast was 101 and the lowest was 99. FRCONC=ECI

The index, which is not closely correlated to consumer spending trends, hit an all-time low in May and June 2013 of 79. The highest level since the survey was conducted on a monthly basis was 125 in January 2001.

For more details and a breakdown from INSEE: here

For a graphic: reut.rs/2j4DCHX

Reporting by Michel Rose; Editing by Sudip Kar-Gupta

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