France: Consumer confidence decreases and remains pessimistic in December
Consumer confidence came in at 82.0 in December, down from November’s 83.0. As such, the index moved further below the 100-threshold, indicating greater pessimism among consumers.
The print reflected a broad-based deterioration. Consumers became more pessimistic in all subcomponents of the index, barring expected savings capacity and future unemployment. The sharpest uptick in pessimism was in consumers views of their financial situations in the past 12 months. That said, the fall in households fears regarding unemployment may suggest that although consumers remain pessimistic about their personal financial situations, pessimism regarding the future state of the economy lessened.