French consumer confidence suffered its biggest ever monthly drop in April, when the country was locked down to contain the coronavirus epidemic, the INSEE statistics agency said on Tuesday.
Its monthly consumer confidence index fell to its lowest level since January 2019, dropping to 95 from 103 in March - the steepest monthly decline since INSEE started its survey in 1972.
The labour market is fast shrinking despite state-subsidised furloughs designed to avoid mass permanent layoffs, with more than one of every two private sector workers covered by the programme.
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