France Consumer Confidence December 2019

France

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.

FocusEconomics Consensus Forecast panelists expect private consumption to increase 1.3% in 2020, which is unchanged from last month’s forecast. The panel expects private consumption to increase again 1.3% in 2021.


Author:, Economist

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France Consumer Confidence December 2019 0

Note: Monthly consumer confidence survey; long-term average = 100.
Source: National Institute of Statistics and Economic Studies (INSEE).


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