France Inflation October 2018

France

France: Consumer confidence stable in October

October 26, 2018

In October, the consumer-confidence indicator published by the National Institute of Statistics and Economic Studies (INSEE) edged up to 95 points from 94 points a month earlier. For a sixth consecutive month, however, the indicator remained below the 100-point threshold—a proxy of its long-term average.

October’s reading notched few changes from September’s; most notably, consumers grew more confident in their ability to save and, in turn, their one-year outlook grew less downbeat. Moreover, unemployment anxieties also greatly decreased.

FocusEconomics Consensus Forecast panelists expect private consumption to increase 1.5% in 2019, which is unchanged from last month’s forecast. The panel also expects private consumption to grow 1.5% in 2020.


Author:, Economist

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France Consumer Confidence October 2018

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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