French Consumer Confidence Unexpectedly Jumped in March
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French consumer confidence unexpectedly jumped by the most in almost five years in March as the euro region’s second-largest economy prepares for a possible change of government.
A measure of sentiment rose to 87 from 82 in February, national statistics office Insee said in Paris today. Economists forecast an unchanged reading, according to the median of 16 estimates in a Bloomberg News survey. The gain was the biggest since May 2007, when Nicolas Sarkozy won France’s presidency promising to bolster household purchasing power.