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France Consumer Confidence November 2022

France: Consumer confidence rises but remains pessimistic in November

Consumer confidence came in at 83.0 in November, slightly up from October’s 82.0. November’s result marked the best reading since May. Despite the uptick, the index remained below the 100-threshold, pointing to still-negative, albeit improving, sentiment among consumers.

The print was driven by households improved appraisals of their personal situations: Households sentiment regarding their past and future financial situations improved, as well as that regarding current and future saving opportunities.

The change in households sentiment regarding Frances economic situation was more mixed. On one hand, households became less pessimistic about their standards of living in the next twelve months; however, on the other hand, households became increasingly concerned about the labor market.

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