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French consumer confidence slightly down in November

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(Globalpost/GlobalPost)

PARIS, Nov. 27 (Xinhua) -- French consumers showed more pessimism about the economy in November, with the monthly sentiment indicator declined to 84, one point down from a month earlier, official data showed on Wednesday.

The households' sentiment to their future personal financial situation over the period was unchanged at minus 19 while their attitudes toward the general economy worsened with past and expected balances lost respectively four and five points compared to October figures, the national statistics bureau Insee said.

Worries about a lasting depressed labor market were the major burden over most French families as more households expected an increase in unemployment with the indicator gained 12 points to 58 from a month earlier "offsetting the declines of the past two months," according to the report.

At the end of September, the number of jobseekers jumped by 60,000 to a new record of more than 3.295 million, representing a monthly increase of 1.9 percent and an annual rise of 8.1 percent.

France, Europe's second largest economy, works hard to quicken growth enough to digest millions of job demands in the country with a population of 65 million.

http://www.globalpost.com/dispatch/news/xinhua-news-agency/131127/french-consumer-confidence-slightly-down-november