In France, July consumer confidence fell 2 points to a new 21-year low of –48, worse than forecast. Fear of losing jobs is up 15 points but inflation fear is down 2 points.
The French housing market is starting to match Spain’s… Q2 housing permits fell 15.3% y/y and housing starts fell 28.2% y/y. Even non-residential permits fell 20.5% y/y and starts, 13.3% y/y.
Best Euro Rates please visit