French Consumer Confidence Tanks As Bond Crisis, Far-Left Riots Deepen Gloom
43 Articles
43 Articles
In a new study published on Tuesday, 27 October, the National Institute of Statistics and Economic Studies revealed alarming figures on the perception of inflation, savings or quality of life by households.
Consumer confidence in France fell to the lowest level 13 years ago in October, with heightened concerns about financial conditions, living conditions, unemployment and inflation, amid political unrest, protests and violence.
Faced with an uncertain budgetary situation, the French have never been more worried since 2013, according to INSEE statistics. The opinion on the future standard of living in France has reached even its lowest since 1972.
Consumer sentiment index drops 5 points to 80, reaching the lowest level since June 2013 as inflation, jobless fears weigh on households
The saving climate remains relatively favourable, although it continues to deteriorate.
The indicator drops to 80 points in October, with a deterioration in economic expectations, savings and employment.
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