PARIS (AFX) - A composite indicator of consumer confidence fell to -8 in June from -6 in May, according to a monthly survey carried out by statistics office Insee.
The indicator represents the balance in percentage points between consumers having experienced, or expecting, a rise in their living standard and those seeing a decline.
Insee said the fall was mainly due to a deterioration of opinion on prospects for quality of life in France.
Following are the consumer confidence indicator and its components:
______________________ June May
Composite indicator -8 -6
Past personal financial situation -7 -7
Outlook for personal finances +2 -1
Past French standard of living -19 -15
Outlook for French standard of living -20 -15
Inclination to buy consumer goods +4 +5