France Consumer Confidence


France: Consumer confidence deteriorates

September 26, 2012

In September, the consumer sentiment index published by the National Statistical Institute (INSEE) fell to 85 points from the 87 points in July (no data for August). The reading came in below market expectations, which had the index inching down to 86 points. At the current level, consumer confidence remains below its long-term average of 100 points. Households were more downbeat about both their own financial situation and the national outlook over the next 12 months. In addition, a higher number of households forecasted an increase in unemployment than in July. Consequently, consumers' willingness to make major purchases deteriorated over the previous month.


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France Consumer Confidence Chart

France Consumer Confidence September 2012

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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