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Investing.com -- The household confidence index in France has seen a decline, falling to 88 from 91 in April, according to a monthly survey conducted by the INSEE stats agency.
This drop defies economists’ average expectation for an uplift to 93.
The survey further revealed a spike in households’ fears regarding unemployment, marking the highest level of concern since March 2021, during the height of the COVID crisis.
Alongside this, business confidence also experienced a dip in May, dropping to its lowest point in three months.
The service sector, which is more exposed to consumer activity, witnessed a particularly acute fall, as reported by INSEE on Thursday.
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