France’s consumer confidence indicator dropped to 89.9 in November 2024, down from a revised 93.4 in October, remaining below the long-term average of 100.
French consumer morale falls to five-month low
This was the lowest reading since June 2024, as consumers grew more pessimistic about their financial outlook (-13 compared to 8 in October) and their standard of living (-51 compared to -43).
Expectations for future savings also fall
Expectations for future savings also fell (11 vs. 13), concerns about employment increased (42 vs. 33), and sentiment regarding major purchases became more negative (-30 vs. -29). However, saving intentions rose slightly (38 vs. 37), and inflation expectations continued to decline (-41 vs. -49).
