France: Consumer confidence falls further into pessimistic terrain in November
Consumer confidence fell to 98.5 in November, marginally down from October’s 98.6. Consequently, the index remained below the 100-threshold, signaling sustained pessimism among consumers.
November’s result was chiefly attributed to growing pessimism over households’ assessment of their financial situation in the past and coming 12 months. On top of this, consumers were somewhat less inclined to purchase large-ticket items in the next 12-month period. Meanwhile, households’ opinion with regards to the standard of living in the past and coming 12 months improved notably.