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France Consumer Sentiment Stable

FRANCE DATA
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France Consumer Sentiment printed a touch lower than expected at +90 (vs +91 consensus, +90 prior), but remains in the range of 88-91 since November 2023.

  • From the sub-components of particular interest is that 'Financial Situation, next 12 months' fell for the second consecutive month by 2 points to -14 - the lowest since October 2023 and taking it further below it's long term average of -7.
  • Meanwhile, the proportion of households expecting to make major purchases in next 12 months rose for the third consecutive month by 1 point to -32, although it remains below it's long term average of -15. The sub-component 'Expected saving capacity' also rose for the third consecutive month by 1 point to 12, keeping it above the long term average of -7.
  • Finally, Unemployment in the next 12 months rose 5 points to 27, the highest since August 2021, although it remains below the 2019-2022 average of 29.
  • The survey was conducted with around 2,000 households between April 25 and May 18.

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France Consumer Sentiment printed a touch lower than expected at +90 (vs +91 consensus, +90 prior), but remains in the range of 88-91 since November 2023.

  • From the sub-components of particular interest is that 'Financial Situation, next 12 months' fell for the second consecutive month by 2 points to -14 - the lowest since October 2023 and taking it further below it's long term average of -7.
  • Meanwhile, the proportion of households expecting to make major purchases in next 12 months rose for the third consecutive month by 1 point to -32, although it remains below it's long term average of -15. The sub-component 'Expected saving capacity' also rose for the third consecutive month by 1 point to 12, keeping it above the long term average of -7.
  • Finally, Unemployment in the next 12 months rose 5 points to 27, the highest since August 2021, although it remains below the 2019-2022 average of 29.
  • The survey was conducted with around 2,000 households between April 25 and May 18.