France Consumer Confidence


Consumer confidence stabilizes in January

The consumer confidence indicator published by the National Statistics Institute (INSEE) stabilized at December’s 90 points in January, falling short of the 91 points the markets had expected. The index is still hovering below its long-term average of 100.

The unchanged figure reflected the fact that consumers became less optimistic regarding their current financial situation as well as regarding their future financial standing in the next 12 months. Consumers’ opinions regarding their current living standards were unchanged over the previous month, while their expectations of their living standards in the next 12 months improved compared to the previous month.

This month’s survey also showed that consumers' intentions to buy big ticket items in the next 12 months improved over the previous month.

FocusEconomics Consensus Forecast panelists expect private consumption to increase 0.2% this year, which is down 0.1 percentage points over last month’s forecast. The panel expects private consumption to accelerate moderately to a 1.0% rise in 2016.

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France Consumer Confidence Chart

France Consumer Confidence January 2015

Note: Value of monthly consumer confidence index; long-term average at 100.
Source: National Institute of Statistics and Economic Studies (INSEE).

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