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French consumer confidence edges higher: INSEE

French consumer confidence continued its slow improvement in May but remains below the long-term trend.

The INSEE national statistics office released the figures today.

The household sentiment index compiled by INSEE edged up one point to 90, it said, putting it back at levels last seen in late 2010.

In December, the index was at 80, its lowest level since December 2008 as the global financial crisis deepened following the collapse of US investment bank Lehman Brothers.