France Consumer Confidence November 2021

France

France: Consumer confidence falls further into pessimistic terrain in November

November 26, 2021

Consumer confidence fell to 98.5 in November, marginally down from October's 98.6. Consequently, the index remained below the 100-threshold, signaling sustained pessimism among consumers.

November’s result was chiefly attributed to growing pessimism over households’ assessment of their financial situation in the past and coming 12 months. On top of this, consumers were somewhat less inclined to purchase large-ticket items in the next 12-month period. Meanwhile, households’ opinion with regards to the standard of living in the past and coming 12 months improved notably.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 5.1% in 2022, which is up 0.3 percentage points from last month’s forecast, and 2.2% in 2023.


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France Consumer Confidence November 2021

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


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