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French January industrial confidence firms, consumer morale dips

PARIS, Jan 26 (Reuters) - French industrial confidence rose to a 17-year high in January but broader business morale and consumer confidence fell, the INSEE official statistics agency said on Friday.

INSEE's monthly industrial confidence index rose to 113 from 112 in December, exceeding economists' average expectations for a stable reading, and returning to a 17-year high reached in November.

However, weaker confidence in services and construction weighed on broader business morale, which fell to 110 from 112 in December, INSEE found in its monthly survey.

Meanwhile, consumer confidence also fell, easing to 104 from 105, falling short of expectations for an increase to 106 on average in a Reuters poll of economists.

Household confidence waned in the face of higher expectations for inflation to pick up although concerns about unemployment fell, INSEE said. (Reporting by Leigh Thomas; Editing by Sudip Kar-Gupta)