Consumer confidence in France declined in December, reaching its lowest point in a year, according to recent survey data released by INSEE, the statistical office, on Wednesday.
The consumer sentiment index decreased to 89 in December, down from 90 the previous month. This marks the lowest level since December 2023, and the index remains significantly below its long-term average of 100.
The outlook on personal financial situations also worsened, with the respective sub-index dropping to -14.0 in December from -13.0 in November. The assessment of households' past financial conditions stayed consistently negative, holding steady at -23.0.
The percentage of households considering it an opportune time for major purchases remained unchanged, with the related index fixed at -30.
There was an increase in pessimism regarding the country's general economic future; this sentiment is reflected in the corresponding index, which fell from -53 to -57. Additionally, the indicator measuring past economic conditions declined from -69 to -72.
Conversely, households expressed a slightly more positive view of their future saving abilities, as the relevant index rose from 11 to 12.
Concerns about rising unemployment became more pronounced, with the related balance increasing sharply to 53 in December from 43.
Meanwhile, the proportion of households anticipating price hikes in the upcoming year continues to grow.
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