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- France's consumer confidence indicator fell more than expected in November
France's consumer confidence indicator fell more than expected in November
According to the report from Insee, in November 2020, households’ confidence in the economic situation has decreased sharply: the synthetic index has lost four points compared to October. At 90, it has hit its lowest level since December 2018 and remains below its long term average (100). Economists had expected a decrease to 92.
In November, households have been much more less optimistic concerning their future financial situation: the corresponding balance has lost five points and moves even further away its long-term average. Conversely, households' balance of opinions about their past financial situation has been stable above its average.
Furthermore, the share of households considering it is a suitable time to make major purchases has decreased markedly. The corresponding balance has lost eight points and remains below its long-term average. It hits its lowest level since last May.
In November, households’ opinion balance related to their current saving capacity has declined by three points but remains well above its average. Households' balance of opinion on their future saving capacity has been stable and stays well above its long-term average.
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