French consumer confidence holds at 9-year high ahead of elections

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French consumers are betraying no signs of election jitters, with economic sentiment holding steady at the highest level since 2007 ahead of the country’s presidential vote next month.

March consumer confidence figures from Insee held at 100 for the third consecutive month, their best level since October 2007.

Within the survey, households’ saving intentions and standard of living remained broadly stable, along with expectations about employment.

But amid steadily rising inflation across Europe, consumers said they expected higher price rises over the next 12 months, with the balance gaining 4 points to climb above its long-term average.

Annual inflation in France dipped to 1.4 per cent last month but remains near its highest level since 2012.

French voters will go to the ballot box in their first round presidential vote in late April, where they will choose between six candidates. The second round run off will be contested by two hopefuls, with polls putting centrist Emmanuel Macron and far-right Marine Le Pen as favourites.

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