France: Consumer confidence hits three-month high in December, but remains below long-term average
The consumer confidence index came in at 95 in December, up notably from November’s 89 and marking the highest reading since September. As such, the index moved closer to the 100-threshold—its long-term average.
In December, consumers’ assessment of both their past and expected personal financial situation in the coming twelve months turned less pessimistic. Moreover, their appraisal of their expected standard of living in the coming year also turned less negative. Households’ willingness to purchase large ticket items in the year ahead was less downbeat compared to the previous month, while their expected savings capacity improved. Lastly, households’ fears about unemployment eased from November, but was still below its long-term average.