French Consumer Confidence Ticks Lower in Oct

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.