France Consumer Confidence December 2018

France

France: Consumer confidence nosedives amid ‘gilets jaunes' protests

January 9, 2019

In December, the consumer-confidence indicator published by the National Institute of Statistics and Economic Studies (INSEE) fell to 87 points—a nearly four-year low—from 91 points a month earlier. For an eighth consecutive month, the indicator remained below the 100-point threshold, which is a proxy of its long-term average.

December’s deterioration was broad-based as consumers’ anxieties mounted over their personal finances and ability to save. Concerns over unemployment grew and, in turn, consumers’ expected standard of living over the short-term remained below its long-term average.

FocusEconomics Consensus Forecast panelists expect private consumption to increase 1.5% in 2019, which is unchanged from last month’s forecast. The panel also expects private consumption to grow 1.5% in 2020.


Author:, Economist

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France Consumer Confidence Chart


France Consumer Confidence December 2018

Note: Value of monthly consumer confidence index; long-term average at 100
Source: National Institute of Statistics and Economic Studies (INSEE).


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