French consumer confidence deteriorated at the fastest pace on record in April after the government initiated coronavirus containment measures, survey results from the statistical office Insee showed Tuesday.
Amid lockdown, the consumer confidence index fell to 95 in April from 103 in March. However, the reading was above economists' forecast of 83.
"The indicator lost 8 points, its most important decrease since the creation of the survey, in 1972," the Insee said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.