French Consumer Confidence Unchanged In Sept

Consumer Confidence Indicator: 95; Prev (Aug): 95

• Household sentiment was unchanged at 95 in Sept, unchanged a August level and beating markets expectations of a small downtick to 93.
• Consumer's assessment of their current financial situation eased 1pt, while their opinion about their future fin. situation gained 3pt.
• The fear of unemployment remains elevated and ticked up 1pt in Sep after it cooled in the previous month.
• Household's savings intentions rose for the fifth consecutive month in Sep, increasing 9pt, while the current savings capacity edged up 1pt.
• The share of consumers who believe it is a good time to make major purchases ticked up 1pt following Aug's decline.
• Sep's increase in savings intentions and a weak major purchases index, together with a heightened fear of unemployment, suggests that consumers remain cautious in this uncertain environment which bodes ill with future spending.