French consumer confidence unexpectedly writes eight month high


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French consumer confidence index unexpectedly rose in March to 8 month high, the number of application of unemployment benefits growth slow and business confidence rose add evidence of signs of recovery for France, Europe's second largest economy.
French National Statistics and Economic Research Bureau (Insee) said, a confidence index this month rose to 87 from 82 in February. This is the highest point since July last year. Bloomberg survey of 16 economist forecast value is the same as in February.
Last few months of last year, market concerns about European debt crisis prompted companies to cut jobs and consumers to reduce their expenditure. The report released today is the latest sign that the French economy to rebound. National Statistics and the Bureau of Economic Research said last week that, GDP last season of last year has an expansion of 0.2%, however this season growth is fear of stagnation.
According to data released by the French Ministry of Labour, the number of jobless claims increased 6,200 in February, January increased by 13400. Moreover, 4 months before January, jobless claims every month growth more than 20,000 people.