The French consumer confidence indicator increased to 95 in October 2018 from the previous month's two-and-a-half-year low of 94 and beating market expectations of 94. The share of households considering that the future standard of living in France will improve in the next twelve months has clearly improved (-30 vs -35), as well as their expected saving capacity (-7 vs -9) and current saving capacity (12 vs 10). In addition, consumers' fears about the unemployment trend have strongly decreased (5 vs 17) and inflation expectations eased slightly (-15 vs -16). On the other hand, households' opinion about the past standard of living in France has declined further (-51 vs -48) and their willingness to make major purchases also deteriorated (-8 vs -7). Consumer Confidence in France averaged 100.98 Index Points from 1972 until 2018, reaching an all time high of 130 Index Points in May of 1973 and a record low of 80 Index Points in May of 2013.
Consumer Confidence in France is expected to be 95.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in France to stand at 95.00 in 12 months time. In the long-term, the France Consumer Confidence is projected to trend around 99.00 Index Points in 2020, according to our econometric models.