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French consumer confidence picks up in November

Published 11/26/2008, 03:02 AM
Updated 11/26/2008, 03:04 AM

PARIS, Nov 26 (Reuters) - French consumer confidence rose unexpectedly in November as households' view of living standards improved, data from statistics office INSEE showed on Wednesday.

INSEE's monthly reading of consumer confidence rose to -43 in November from an upwardly revised -46 the previous month, considerably better than the -48 expected by analysts surveyed by Reuters.

"It remains at a very weak level ... (but) the recovery seen in November concerns notably developments in past and future standards of living in France," INSEE said in a statement.

The survey showed increasing concern about unemployment risks in the year ahead but easing inflation pressures translated into a more positive outlook about the cost of living and households' financial position.

"Households felt inflation less in the past period and are more optimistic about the future development in prices," INSEE said. (Reporting by Brian Rohan, editing by Mike Peacock)

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