France Consumer Confidence

France

France: Consumer confidence stabilizes in October

October 28, 2014

The consumer confidence indicator published by the National Statistics Institute (INSEE) was unchanged at September’s 85 points in October. The reading came in below the 86 points the markets had expected. The index is still hovering below its long-term average of 100.

The stability of the index reflected that the economy is stuck in a stand-by situation despite the government’s attempts to revitalize it and to foster competitiveness and confidence. Households’ opinions regarding their future financial situations were unchanged over the previous month, while their assessment regarding the current financial situation deteriorated slightly. Consumers’ willingness to buy big ticket items in the next 12 months improved slightly compared to the previous month.

FocusEconomics Consensus Forecast panelists expect private consumption to increase 0.2% this year, which is down 0.1 percentage points over last month’s forecast. The panel expects private consumption to accelerate moderately to a 1.0% rise in 2015, which is down 0.1 percentage points from last month forecast.


Author:, Senior Economist

Sample Report

Looking for forecasts related to Consumer Confidence in France? Download a sample report now.

Download

France Consumer Confidence Chart


France Consumer Confidence October 2014

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


France Economic News

More news

Search form