France Inflation September 2018

France

France: Consumer confidence falls in September

September 26, 2018

In September, the consumer confidence indicator published by the National Institute of Statistics and Economic Studies (INSEE) fell 2 points, landing at a 29-month low of 94 points. For a fifth consecutive month, the indicator remained below the 100-point threshold—a proxy of its long-term average.

August’s reading was driven largely by consumers’ worsening anxieties over their expected living conditions next year, as well as less upbeat views on employment prospects. Moreover, on their financial situation in the short-term, consumers grew more pessimistic than a month earlier.

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, unchanged from last month’s forecast.


Author:, Economist

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France Consumer Confidence September 2018 0

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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