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Tuesday, July 29, 2008

French Consumer Confidence Drops To A Record Low In July

Consumer confidence in France fell to a record low in July as inflation accelerated to the fastest pace in 12 years, eroding households' purchasing power. The measure of consumer sentiment dropped to minus 48, the lowest since the index was introduced in 1987, from minus 46 in June, the Paris-based national statistics office, Insee, said in a statement today.

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