France Consumer Confidence January 2020

France

France: Consumer sentiment rebounds in January

January 29, 2020

In January, consumer sentiment rose to 104 after stumbling to 102 in December due to country-wide strikes. As such, the index rose further above the 100-threshold—its long-term average.

Consumers’ perception of their past and future financial situation grew less gloomy in January, as did their expected capacity to save. In addition, their willingness to buy big-ticket household items improved a tad. In contrast, concerns over their standard of living and consumer prices in the coming year both inched up.

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 January 2019

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


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