France: Consumer confidence falls deeper into pessimistic terrain in January
Consumer confidence came in at 98.8 in January, down from December’s 99.6. As a result, the index moved further below the 100-threshold, indicating that consumers were pessimistic.
January’s lower reading was chiefly due to rising pessimism over households’ assessment of their standard of living in the past and coming 12 months. Additionally, consumers were less inclined to make big-ticket purchases in the coming year. More positively, pessimism over households’ assessment of their financial situation in the past and coming 12 months somewhat eased, while consumers turned more optimistic with regards to their expected saving capacity.