France Consumer Confidence August 2018

France

France: Consumer confidence stable in August

August 28, 2018

The consumer confidence indicator produced by the National Institute of Statistics and Economic Studies (INSEE) remained unchanged for the third consecutive month at an almost two-year low of 97 points in August. As a result, the indicator lies below the 100-point threshold—the proxy of its long-term average—where it has been since May.

August’s result was driven by households’ inflated fears of unemployment which were partly offset by their slightly more optimistic views regarding the standard of living in the next 12 months as well as by higher expected saving capacity. Meanwhile, consumers’ sentiment regarding their financial situation for the next 12 months and perception of prices remained broadly stable from the previous month.

France Private Consumption Forecast


FocusEconomics Consensus Forecast panelists expect private consumption to increase 1.1% in 2018, which is down 0.2 percentage points from last month’s forecast. The panel expects private consumption to grow 1.6% in 2019.


Author:, Economist

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France Consumer Confidence August 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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