France Consumer Confidence


Consumer confidence stabilizes in November

In November, the consumer sentiment index published by the National Statistical Institute (INSEE) remained unchanged at October's 84 points, which defied market expectations that the index would drop to 83 points. At the current level, consumer confidence remains well below its long-term average of 100 points. Households were less downbeat about both their own financial situation and the national outlook over the next 12 months. Consequently, consumers' willingness to make major purchases improved a notch over the previous month. That said, a lower number of households forecasted an increase in unemployment than in October, but expectations remain high.


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France Consumer Confidence Chart

France Consumer Confidence November 2012

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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