France Consumer Confidence August 2021

France

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.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 3.9% in 2021, which is up 0.3 percentage points from last month’s forecast, and 5.2% in 2022.


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France Consumer Confidence August 2021 0

Note: Monthly consumer confidence survey; long-term average = 100.
Source: National Institute of Statistics and Economic Studies (INSEE).


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