France Consumer Confidence July 2021


France: Consumer confidence eases in July

July 28, 2021

Consumer confidence came in at 101 in July, inching down from June's 103. Although sentiment weakened, the index remained above the 100-threshold, which represents its long-term average.

July’s reading came on the back of a deteriorations in households’ views of their personal financial situation in the past and coming twelve months. Moreover, their willingness to purchase large-ticket items in the next 12-month period declined, while their appraisal of their expected standard of living turned more pessimistic. Lastly, consumers’ fears about unemployment increased slightly in July.

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 Chart

France Consumer Confidence July 2021 0

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

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