February 27, 2024 07:59 GMT
France Consumer Sentiment Deteriorates for First Time Since Sep-23
FRANCE DATA
France Consumer Sentiment came in lower than expected at +89 (vs 92 consensus, +91 prior). This was the first fall since September 2023.
- The 'General economic situation, next 12 months' sub-component declined -4 points from January to February 2024 printing at -42 - the first fall since August 2023, although we have seen a general improvement from -72 in July 2022 and this is the second highest reading since March 2022.
- Similarly, the 'Financial Situation, next 12 months' sub-component deteriorated -3 points to -11 points in February 2024, this was the first fall in since August 2023, again this sub-component has been increasing since a trough in September 2022, and is the third highest reading since March 2022.
- However, 'Consumer Prices, next 12 months' sub-component improved by +7 points from -54 in January to -47 in February 2024, but this is broadly back to levels between August and December 2023 (when values ranged from -49 to -45).
Source: Insee
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