France: Consumer confidence deteriorates, remains pessimistic in February
Consumer confidence fell to 82.0 in February from January’s 83.0. As such, the index remained entrenched below the 100-threshold, signaling that consumers remained pessimistic.
The slightly lower print was driven by households’ worsened appraisals of their personal situations: Households’ sentiment regarding their past and future financial situations worsened. More positively, households’ expectations regarding their future saving intentions improved. Households’ sentiment regarding France’s overall economic situation also improved, mainly because households were more optimistic about future inflation.