Consumer confidence index in France reaches two-year record

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French consumer confidence has reached its highest level in November in more than two years. Households in France have become more optimistic about their financial situation and purchasing power, according to the French statistics agency.

The confidence index rose to a level of 106, compared to 104 in October. The fear of unemployment also decreased and consumers became more positive about the standard of living. Consumer confidence in France came under pressure earlier due to the protests of the yellow vests. President Emmanuel Macron responded to the nationwide and sometimes violent protests with tax cuts for households.

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