France: Consumer confidence dips below long-term average in August
August 27, 2021
Consumer confidence dipped to 99 in August, following 100 in July, marking the lowest reading since May. As a result, the index landed just below the 100-threshold, which represents its long-term average.
August’s downturn was chiefly driven by a marked deteriorating in consumer’s expectations over the standard of living in the coming 12 months. Similarly, households’ perception of their personal financial situation in the next year turned bleaker. That said, consumers’ willingness to purchase large-ticket items was unchanged over the previous months, while saving intentions in the coming year firmed.