Confidence in the economy has increased markedly in France

June 29, 2014 - PRLog -- Indicator reflecting the opinion of the French about their own financial situation in June rose 2 points to - 20 points.

Assessment of living increased by 2 points to - 47 points, and the indicator of the labor market rose to 60 points.

Indicator showing the expectations of savings increased significantly up to 4 points from -5 points, the rate of current savings opportunities while not changed - 18 points.

Index reflecting the purchasing power increased from last month (-27) to - 24 points this month.

The European Commission predicts that this year the GDP of France increased by 1%, unemployment is 11%.

The growth of the French economy is too weak to reduce unemployment, said the national statistical office Insee, soberly analyze the impact of reforms on the economy of the country's president.

In its first review of the entire 2014 national agency stated that the second largest economy in the euro zone will grow by 0.7% this year, well below the projected 1% expected by the government.

"There are a number of factors hindering the economy and slow pace will not be able to overcome them," - said Vladimir Passerson, head of Insee's economic forecasting.

More financial news from France are available at http://banksfrance.com