The French consumer confidence indicator fell to 87 in December 2018 from a downwardly revised 91 in the prior month, below market expectations of 90. It is the weakest reading since November 2014, as the willingness to make major purchases fell sharply below its long term average to its lowest level since June 2013 (-32 from -17 in November). In addition, households' opinion balance concerning their future financial situation decreased again (-22 from -19) along with expected saving capacity (-21 from -14); and worries about unemployment increased (31 from 28). Meanwhile, inflation expectations fell (-25 from -12). Consumer Confidence in France averaged 101.01 Index Points from 1972 until 2018, reaching an all time high of 130 Index Points in May of 1973 and a record low of 79 Index Points in June of 2013.
Consumer Confidence in France is expected to be 91.00 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 97.00 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.