France Consumer Confidence

France

France: Confidence among consumers declines slightly in May

May 27, 2015

The consumer confidence indicator elaborated by the National Statistics Institute (INSEE) inched down from April’s 94 points to 93 points in May. The result undershot market expectations of a rise of the index to 95 points. As a consequence, the index is now further below its long-term average of 100.

According to INSEE, May’s result reflected consumers’ more pessimistic opinions regarding their current financial situation. This month’s survey also showed households’ intentions to buy big ticket items in the next 12 months worsened over the previous month. In addition, households responded that they were significantly less optimistic regarding their current and future savings capacity. However, the survey highlighted a decrease in consumers’ concerns over unemployment.

FocusEconomics Consensus Forecast panelists expect private consumption to increase 1.3% this year, which is up 0.2 percentage points over last month’s forecast. The panel expects private consumption to accelerate moderately to a 1.4% rise in 2016.


Author:, Economist

Sample Report

Looking for forecasts related to Consumer Confidence in France? Download a sample report now.

Download

France Consumer Confidence Chart


France Consumer Confidence May 2015 0

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


France Economic News

More news

Search form