The French consumer confidence indicator increased to 99 in May 2019 from 96 in the prior month and above market expectations of 97. It was the highest reading since May 2018, amid improvements in households' future financial situation (-5 from -8 in April); expected saving capacity (-6 from -8) and major purchases intentions (-13 from -15). Also, worries about unemployment decreased sharply (16 from 26) and the share of households considering that the future standard of living in France will improve in the next twelve months rose slightly (-26 from -29). Meanwhile, inflation expectations went up (-22 from -21). 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 94.00 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 92.00 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.