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French Consumer Confidence Ticks Lower in Oct

FRANCE DATA
MNI (London)

FRANCE OCT CONSUMER CONF IND 94; SEP 95

  • Consumer Sentiment eased by 1pt in Oct following Sep's small uptick to 95 and coming in slightly better than markets expected.
  • The index remains below the long-term average and the pre-crisis level.
  • Household's assessment of the general economic situation in the next 12 month fell sharply by 7pt amid the resurgence of Covid-19 cases.
  • Consumer's opinion regarding their financial situation in the next year dropped 2pt.
  • The fear of unemployment edged higher again and remains elevated since the beginning of the crisis.
  • While household's savings intentions in the next 12 months eased slightly, the indicator remains at generally high levels.
  • The intentions to make major purchases remained unchanged in Oct and registered in deep negative territory since the beginning of the pandemic.
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
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