(Bloomberg) -- Consumer confidence in France,
Europe's third-largest economy, surged in May to the highest on
record after unemployment fell and Nicolas Sarkozy used the
first weeks of his presidency to push for tax cuts.
Insee, the Paris-based national statistics office, said
today its gauge of consumer sentiment jumped to minus 14 from
minus 20 in April. That beat minus 19, the median forecast of
18 economists surveyed by Bloomberg, and was the lowest since
the agency began issuing the current data in 2003.
Read more at Bloomberg Currencies News
Europe's third-largest economy, surged in May to the highest on
record after unemployment fell and Nicolas Sarkozy used the
first weeks of his presidency to push for tax cuts.
Insee, the Paris-based national statistics office, said
today its gauge of consumer sentiment jumped to minus 14 from
minus 20 in April. That beat minus 19, the median forecast of
18 economists surveyed by Bloomberg, and was the lowest since
the agency began issuing the current data in 2003.
Read more at Bloomberg Currencies News
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