The French consumer confidence indicator increased to 102 in July 2019 from 101 in the previous month and beating market expectations of 101. It was the highest reading since January last year, amid improvements in household’s future financial situation (-5 from -6 in June); major purchases intentions (-8 from -11) and expected saving capacity (-1 from -2). Additionally, concerns about unemployment dropped (14 from 16) while the share of households considering that the future standard of living in France will improve in the next twelve months was unchanged (-23, the same as in June). Meantime, the share of households considering that prices will be on the rise during the next twelve months was virtually stable (-23 from -22). Consumer Confidence in France averaged 100.96 Index Points from 1972 until 2019, 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 98.00 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 94.00 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.