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French consumers get more gloomy

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French consumers get more gloomy

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The latest surveys of French consumers showed confidence there has slumped to its lowest level since July 2008 – immediately after the financial crisis.

The national statistics agency Insee. which carried out the survey earlier this month, said households were worried about their future financial situation as well as the current state of the economy.

The consumer confidence index fell to 79 in May from 83 in April.

With the eurozone’s second largest economy in recession, there was a rising concern about people losing their jobs. The unemployment rate in France is close to 11 percent of the workforce.