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.
Author: Christopher Thomas, Economist