France: Consumer sentiment falls for the first time in 11 months in December
January 8, 2020
In December, consumer sentiment in France decreased to 102 from November’s revised 105 (previously reported: 106) which had marked the best result in almost two years. As such, the index fell for the first time since December 2018, yet remained above the 100-threshold—its long-term average.
Consumers’ expected savings capacity dived in December, as did their projected financial situation in the next 12 months and their willingness to buy big-ticket household items. Moreover, they grew more concerned over unemployment in the year ahead.
Author: Nicolás J. Aguilar, Economist